91553NSW Graduate Diploma of
Insurance Services
Take your career to a new level
The Graduate Diploma of Insurance Services fills an important gap in the
educational options for senior insurance and risk professionals who want to
develop their management skills across key areas such as risk and
compliance management within their organisation.
This qualification is particularly suited to insurance brokers or insurance company managers who are
already working at management level including business unit head. Participants in this program are likely to
be subject to professional licensing obligations and the course satisfies ASIC compliance requirements for
licensee or responsible manager organisational capability.
Participants in this program will typically hold, or be on course to hold, a senior role within their
organisation where they are likely to be responsible for establishing and monitoring policies and
procedures, managing business resources and business development activities, as well as some specialist
functions.
Entry for Graduates and Experienced and Qualified Candidates
NIBA College is committed to ensuring that its programs are accessible to all suitable candidates.
Individuals can begin a Graduate Diploma program at any age as the minimum standards for entry are
based on the capacity to undertake formal study at this level.
Entry to the course will be for those risk and insurance professionals who have achieved:

A degree from a recognised University or other equivalent higher education institution and a
minimum of two year’s relevant work experience; or

Extensive work experience and evidence of a capacity to undertake tertiary studies in insurance
services such as completion of a relevant professional qualification at the diploma or advanced
diploma level.
Professional Recognition
Certain units may be required to progress to membership of relevant professional organisations.
Candidates should establish such requirements where they apply in order to make appropriate choice of
study program.
Length of Study
The standard practice is for candidates to enrol in one major at a time. So, as a busy working professional
you will generally take two years part time study to complete the full qualification.
Applying for Course Credits or Advanced Standing
Candidates who have completed qualifications or courses in a relevant field can apply for course credits or
exemptions from Graduate Diploma coursework. Details of how to apply for recognition of prior learning
are on the NIBA College Graduate Diploma website pages.
If a flexible approach to tertiary studies fits in with your world NIBA College
has the answer…
Structured Distance Study
NIBA College’s online distance education format allows you to complete your work in your own time. We
know that the ultimate in flexibility may also be the ultimate trap for you. So, the College has put some key
milestones in place to keep you on track.
As a distance student you receive a package of readings at the start of the program and guidance on how to
pace yourself. Only the assignment deadlines are fixed so you have considerable flexibility in choosing the
most convenient times for your study and in adjusting your study load to accommodate work and family
commitments.
This style of learning is ideal for insurance and risk professionals because you may be able to choose an
area of study that is particularly relevant to your work and which would demonstrate your practical
problem solving and business skills.
Learning Support
As a tertiary level candidate you are expected to work through the learning resources as an independent
learner. You will participate in learning activities that develop your theoretical understanding which is then
applied to work based projects. There is a strong emphasis on developing projects that are directly relevant
to your work needs and professional interests.
Studying at tertiary level can be challenging especially if you have not studied for some time. NIBA College
has a number of support services available to make the study experience easier.

Course materials consist of readings and self-study activities designed to introduce candidates to
theoretical knowledge in each study area and to apply this knowledge to on-the-job practice. There
are also links to industry information and legislation relevant to the study area.

Learner guides provide advice on how to approach the course material and organise study time and
assessment tasks. Online forums are available for each major study area so that participants can
share ideas.

Telephone or online tutorials allow students to confer with their course tutor to assist in choosing
theoretical approaches that are appropriate to the development of sound practice in each major
area of study and design of their work based project.
Progressing to University
The NIBA College Graduate Diploma of Insurance Services can be used as credit towards university studies.
Each university has its own recognition and accreditation rules. NIBA College will assist you by providing
details of your course to the university to help them determine credits, if required.
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MODULE OUTLINES
ORIENTATION MODULE
The orientation module provides you with key research skills that will you to complete the module
requirements. This subject focuses on undertaking research and is an assessable component.
Principles of professional practice
This topic covers core competency unit FNSINC401A Apply principles of professional practice to
work in the financial services industry.
This covers the skills and knowledge required to identify industry professional approaches to
procedures, guidelines, policies and standards, including ethical requirements and model and
meet expectations of these in all aspects of work. Participants who have completed this unit in
other industry programs may be eligible to receive recognition of prior learning or credit transfer.
BLOCK 1: INSURANCE SERVICES MANAGEMENT
This block of study covers the mandatory units for this qualification:
•
NIBINSV801B Review strategic implications of portfolio and claims management
performance
This topic covers the application of portfolio management skills to monitoring, analysing
and developing strategic responses to trends in underwriting and insurance portfolio
products or services.
•
NIBRISK802B Develop organisational risk management systems
This topic covers the application of risk management principles and organisational policies
to develop and improve the risk management system of an organisation.
•
FNSPRM605A Establish or review marketing, client services and supplier relationships
This topic covers the skills and knowledge required to establish or review marketing, client
services and supplier relationships which support the provision of insurance services to
clients.
•
FNSPRM606A Establish or review human resources, administration and information
support
This topic covers the skills and knowledge required to establish or review human resources,
administration and information support systems in an insurance organisation.
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BLOCK 2: MANAGING ORGANISATIONAL RISKS
Participants choose 4 of the following elective units to complete this block of study:
• BSBMGT617A Develop and implement a business plan
This topic covers the skills and knowledge required to run a business operation and the
steps to develop and implement a business plan.
• NIBICPRO801B Develop a financial product
This topic covers the skills in developing a plan to market and launch a new insurance product.
• NIBRISK803B Facilitate development of a risk management organisational culture
This topic is suitable for managers or technical specialists whose role includes the
development of an appropriate risk management culture in the organisation.
• NIBCOMP803B Identify and address organisational compliance and capacity issues
This topic covers the identification and addressing of compliance issues on an
organisational level with specific regard to the obligations of responsible managers.
• BSBREL701A Develop and cultivate collaborative partnerships and relationships
This topic covers the skills and knowledge required to establish collaborative partnerships
and relationships with business and industry stakeholders.
• NIBICGEN801B Conduct complex negotiations
This topic covers the skills and knowledge needed for more difficult negotiations where
there are complex technical issues, significant financial or powerful conflicting interests
involved.
If you have any further questions regarding the Graduate Diploma of Insurance Services
please feel free to visit the NIBA College website www.nibacollege.com.au
or contact us on: 02 9459 4300 or email qualifications@nibacollege.com.au
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