As the leading professional membership and education body for the insurance industry the Institute is uniquely placed to offer loss adjusters a full range of professional solutions.
From professional recognition through Institute membership to internationally recognised qualifications and practical, day-to-day professional development activities designed to meet regulatory requirements, the Institute offers the loss adjusting community the best mix of quality and affordable services.
The Institute offers two professional qualifications in loss adjusting:
The Institute's Certificate IV in Financial Services - Loss Adjusting traineeship is a government subsidised employment-based training program that gives new entrants a solid introduction to the insurance industry and provides foundation knowledge of loss adjusting practice.
| Fee | A$3885 (Government funding available for Australian students) |
| Duration | 1-2 years depending on state requirements |
| Delivery | Traineeship |
| Assessment | Assessment for each module consists of:
- a case study based assignment
- an examination containing multiple choice, short answer and case study based questions. Find out more ... |
| Membership Outcome | Associate CIP |
| Further Education | The next step in a career in insurance is the Diploma of Financial Services - Loss Adjusting. |
The Institute is pleased to present a new traineeship program, ideal for loss adjusting companies wanting to develop the skills of their employees, by having them complete a nationally recognised accredited qualification and become an Associate Certified Insurance Professional (CIP) of the Institute.
Course Content
The Certificate IV in Financial Services – Loss Adjusting
Traineeship comprises of five modules. It is suggested that each
module will encompass 50–70 hours of study time. The modules are:
FSI401 Serving the Customer
FSI405 Claims Handling
FSA501 Introduction to Loss Adjusting
FSA502 Loss Adjusting Practice
FSA504 Loss Adjusting Law and Regulation.
AICLA
The traineeship program also incorporates three of the four modules required to obtain the Australian Institute of Chartered Loss Adjuster’s (AICLA) Certificate in Loss Adjusting Practice.
For more information visit AICLA’s website.
Developed for employees already practising loss adjusting and who are ready to take the next step in their career. The Institute’s Diploma of Financial Services – Loss Adjusting is essential for those seeking expertise and a qualification in the specialist area of claims assessment and provides Senior Associate Certified Insurance Professional (CIP) membership of the Institute – the benchmark for industry professionalism.
| Fee | A$755 per module NZ$830 per module |
| Duration | Eight modules: Each study period lasts 12 weeks. (Students are able to study more than one module per study period.) |
| Delivery | Distance Learning |
| Assessment | Assessment for each module consists of:
- a case study based assignment
- an examination containing multiple choice, short answer and case study based questions. Find out more ... |
| Membership Outcome | Senior Associate CIP |
| Further Education | Upon completion of the Diploma students are eligible for credit into the Bachelor of Business (Insurance) at Charles Sturt University. |
Course Content
To be awarded the Diploma of Financial Services - Loss Adjusting students must complete six core modules and two elective module:
Core Modules
FSA501 Introduction to Loss Adjusting
FSA502 Loss Adjusting Practice
FSA503 Negotiating Effective Settlements
FSA504 Loss Adjusting Law and Regulation
FSA505 Managing Operations
FSA506 Property and Casualty Loss Adjustment.
Elective modules
FSA507 Business Interruption Loss Adjustment
FSA508 Liability Loss Adjustment
FSA509 Building Loss Adjustment
FSA510 Theft, Money and Fidelity Loss Adjustment
FSA511 Construction Loss Adjustment.
AICLA
Successful completion of FSA501, FSA502, FSA504 and FSA506 fulfils the educational requirements to obtain Australian Institute of Chartered Loss Adjuster’s (AICLA) Certificate in Loss Adjusting Practice. For more information visit AICLA’s website.
