Elements and Performance Criteria
- Advise clients on varying characteristics of personal injury management insurance
- Determine compliance implications of personal injury management insurance for client
- Review and update current information about personal injury management insurance
- Review relevant personal injury management insurance regularly, identify any changes to terms and conditions and apply in daily work
- Establish systems for keeping up with changes and maintaining up-to-date knowledge about relevant personal injury management insurance
- Continually review emerging trends affecting industry and apply to knowledge of personal injury management insurance
- Maintain knowledge of personal injury management premium systems
- Demonstrate knowledge of factors affecting industry classification rates and how industry classification rates are set and allocated to employer
- Update knowledge of premium formula, impact of its elements on employer premium and actuarial reasoning behind formula
- Maintain knowledge of alternate premium options and when and why employer could use them