There are two categories of CPD listed on the register:
Progams are listed in two ways on the register
NIBA will list programs on the register that they believe are programs of benefit for the Insurance and Risk sector. Any program that adds to the constructive development of their membership will be considered for listing and promotion, not limited to just product and process programs.
Programs accredited by NIBA College for the CPD Register must meet the training criteria outlined below. Most programs will be awarded the one point per contact hour with a maximum of 10 points per session and 12 points per convention or conference. Some activities may receive fewer points if the program does not fully meet all the criteria. For example, industry lunches with a key note speaker receive a standard 30 minute rating.
Courses must meet the following criteria whether the program is a public or in-house event:
NIBA has developed its own quality education criteria against which programs can be assessed. The criteria covers all aspects of the education program;
We believe the assessment provides potential participants with some assurance of the quality and educational experience the programs provide, in addition, as a result of the NIBA assessment, these programs attract significantly higher CPD points then the Standard listing – good for time poor participants seeking to meet their annual CPD point requirement.
Back to topASIC PS146 requires all people working in the Insurance industry from Tier 2 level upwards to undertake Professional Development.
NIBA College CPD programs conform to ASIC quality training criteria. Points can be used to meet annual training requirements for ASIC and NIBA membership.
Back to topNIBA College programs are automatically added into your online NEO training record when you are enrolled. Once you have attended/completed the course, your CPD points are updated. If you attend a course run external to NIBA College you can have your training manager add these into your NEO file under "External CPD Courses"
Back to topCPD activities are those that increase your ability to perform your professional obligations. In the broadest sense this means the management of your clients, staff, the business and your own conduct. The choice of program is left to your own discretion, but it must be relevant to your business or job role.
CPD activities approved by NIBA College are either structured or unstructured learning situations. Structured CPD activities have the following key characteristics:
Unstructured CPD activities are those that are not formally organised activities but still provide brokers with an opportunity for learning. These include private or industry research work and informal learning events such as professional reading.
Back to topThe amount of Professional Development to be undertaken is to be decided by the Licensee. ASIC PS146 recommends that Licensees follow the guidelines developed by the appropriate industry trade association. That means Insurance Brokers are recommended to follow NIBA guidelines. All NIBA members are currently required to undertake 24 hours of appropriate Continuing Professional Development per year. Other employees are bound by ASIC’s requirements as laid out above.
NIBA members can earn points by doing activities in two or more of the following categories The percentage of CPD points that can be claimed from any one category is as follows:
| CPD Category | % CPD points claimable | Minimum points claimable in one year |
|---|---|---|
| 1. Vocational, higher education course or NIBA quality accredited program 2. Professional participation activities 3. Industry leadership activities |
66% | 16 |
| 4. Self development activities | 33% | 8 |
The NIBA College CPD Register publishes programs in category 1 and 2. Programs in Category 3 and 4 are accredited individually on a case by case basis by NIBA College and are not listed on the register.
Back to topYes, the course is still an important risk management tool despite the changes.
Back to topOrganisations providing broker training must obtain a CPD Register listing for their programs. Without this accreditation, members are not able to claim time at the program towards their annual CPD requirements. In general, product launches and events that are mainly for the promotion of a particular product or company would not fit meet the listing criteria.
However, not all eligible CPD categories are is listed on the NIBA College register.
Their importance is still recognised and they will therefore count towards unstructured training hours. Unstructured programs are accredited individually by NIBA College on a case by case basis and are categorised as:
NIBA principal members must sign and submit a CPD undertaking each year to the NIBA Membership Coordinator/Registrar. The CPD undertaking lists all QPIBs and asks the principal to verify that these individuals have accumulated the minimum CPD points for the year from the allowable training categories. The undertaking covers CPD completed in a 12 month period ending on 30th June. NIBA conducts audits of CPD activities on a company basis each December. Audited members must furnish documentary proof of CPD participation. For information on completing your CPD undertaking, or if you believe you have extenuating circumstances which would exempt you from your CPD requirements, please email the registrar at niba@niba.com.
Back to topYes! Study towards a qualification is recognised as CPD. You receive 10 points per module successfully completed.
Back to topRegistration details are listed on each course listing.
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