Financial Services
Fair Insurance Code
- InstrumentFair Insurance Code 2020
- RegionNew Zealand
Understanding the Fair Insurance Code: Key Standards, Responsibilities, and Professional Practices for ICNZ Members
The short answer
Fair Insurance Code training is for everyone in scope, and it exists because of Fair Insurance Code 2020. It runs online in about 35 to 40 minutes. Run it off the shelf as it is, or have Hungry Minds rebuild it around your own policies and scenarios.
Course details reviewed
About this course
This course provides a comprehensive overview of the Fair Insurance Code 2020, helping participants understand the minimum service standards required of insurers.
It explains the responsibilities of both insurers and customers, promotes professionalism within the insurance industry, and focuses on insurance products excluding health and life insurance.
What the course covers
- General responsibilities under the Code
- Privacy law – our responsibility
- Applying for and buying insurance
- Our responsibilities
- Customer responsibilities
- Insurance claims
- Claims handling timeframes
- Making a claim – customer responsibilities
- Catastrophes
- Complaints handling
- What happens if we breach the Code?
What people can do afterwards
By the end of the course, participants will be able to:
- understand the Fair Insurance Code 2020 and its purpose
- recognise the standards that apply to employees and authorised representatives under the Code
- understand insurer and customer responsibilities throughout the insurance lifecycle
- understand claims handling and complaints management requirements
- recognise the consequences of breaches of the Code
How it is delivered
- Structured learning Designed for learners who are new to the topic or want a comprehensive overview. The course explores the subject in detail and typically takes 35–40 minutes to complete.
Two ways to run it
-
Your policies, your scenarios
We rebuild “Fair Insurance Code” around how your organisation actually works, so the training changes behaviour instead of recording completions.
Build a custom version -
Ready to run as it is
Deploy the course off the shelf, with light branding if you want it. Delivered with our partner Safetrac, who will contact you directly.
Deploy off the shelf
Either way, you can run it through our compliance platform or take it as a SCORM package for the LMS you already have.
What it costs
Off-the-shelf pricing starts at $4,000 a year for up to ten courses with your logo and colours applied, rising with how much you want changed. The tiers are the same across the catalogue, so they are set out once on the pricing page rather than repeated on all 101 courses.
If what you actually need is your own scenarios and your own policies rather than a reskin, that is a custom build, and it is the work Hungry Minds does.
Choosing an LMS
If you don’t currently have an LMS, we can help you select a platform that suits your organisation.
For smaller teams or organisations getting started, we typically recommend LearnWorlds for its ease of use and quick setup.For organisations requiring more advanced functionality and reporting, TalentLMS is a strong option.
Learn more:LearnWorlds TalentLMS
We may receive a commission if you sign up to an LMS we recommend. It does not change what we recommend.
Common questions
Who needs Fair Insurance Code training?
It is written for everyone in scope in New Zealand. The obligation comes from Fair Insurance Code 2020, so if that applies to your organisation, the people it covers need this training.
How long does the course take?
About 35 to 40 minutes online.
What does the course cover?
Modules include: General responsibilities under the Code · Privacy law – our responsibility · Applying for and buying insurance · Our responsibilities · Customer responsibilities · Insurance claims. There are 11 modules in total.
What will people be able to do afterwards?
By the end, participants can understand the Fair Insurance Code 2020 and its purpose; recognise the standards that apply to employees and authorised representatives under the Code; understand insurer and customer responsibilities throughout the insurance lifecycle; understand claims handling and complaints management requirements.
How often does it need to be repeated?
There is no universal interval. Most Australian organisations run compliance training annually, with a shorter refresher at induction and after any policy change. Your own risk assessment and any regulator guidance set the actual cadence. We cover how to decide this properly.
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