Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSIBK505A Mapping and Delivery Guide
Undertake risk analysis for an insurance broking client
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSIBK505A - Undertake risk analysis for an insurance broking client |
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Description | This unit describes the performance outcomes, skills and knowledge required to analyse risks for a new or renewal broking client so that potential insurers can determine a premium.This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC). | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to brokers who may undertake the risk analysis or arrange for a specialist risk consultant to provide a risk assessment depending on whether the risk portfolio is standard or complex. It may be applied within organisations of various sizes and across a range of customer bases. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | FNSIBK401A Research and analyse client and industry information for a broking risk assessment | ||
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: Select methods to assess clients risks |
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Element: Identify how risks are managed |
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Element: Make recommendation on management of risks to client |
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Element: Prepare information for insurer |
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