Elements and Performance Criteria
- Develop and apply an understanding of the insurance industry
- Sources of information on the structure and functions of the insurance industry are identified and accessed according to workplace policies and procedures
- Broad structures of the insurance industry and their relationship with each other are identified and appropriately applied to day-to-day work
- Insurance industry terminology and vocabulary are used in the correct context
- Trends and technology in the insurance industry are monitored on an ongoing basis to inform personal work practices
- Insurance organisation-specific policies, procedures and processes are identified, clarified where necessary, and applied
- Develop and apply an understanding of government Acts and regulations relevant to the insurance industry
- Develop and apply an understanding of loss assessment processes
- Knowledge of loss assessment processes, procedures and policy is applied
- Condition of vehicle compared to incident description is analysed to determine incident-related damage
- Statutory insurance industry principles, obligations and compliance requirements, and their relationship to identified vehicle damage are interpreted, clarified where necessary, and applied
- Automotive industry technical knowledge and experience are applied to determine accuracy of vehicle damage estimate to return the vehicle to pre-damage condition that conforms to manufacturer guidelines and industry standards