Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSASICY513 Mapping and Delivery Guide
Provide advice in insurance broking
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSASICY513 - Provide advice in insurance broking |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to analyse a client’s insurance needs and provide ethical and professional advice that complies with industry regulations and codes of practice. It addresses the training requirements of current Australian Securities and Investments Commission (ASIC) and Australian Financial Services (AFS) licensing at Tier 1 level.The unit applies to those who use well-developed interpersonal, communication and self-management skills and general insurance knowledge to perform a specialist advisory role in insurance broking and address the needs of both retail and wholesale clients.At the time of publication, no licensing requirements apply to this unit. However, given potential future changes in the licensing environment, users must check with the relevant licensing body to confirm whether this unit is required to complete a licence. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry. This includes access to: organisational equipment, technology, software and consumables insurance broking product information. Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Prepare to provide advice in insurance broking |
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Element: Analyse client’s objectives, needs, financial situation and risk profile to develop appropriate strategies and solutions |
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Element: Present appropriate strategies and solutions to client and negotiate financial plan, policy or transaction |
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Element: Agree to plan, policy or transaction and complete documentation |
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Element: Agree to and implement arrangements for providing ongoing service |
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