Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSISV401 Mapping and Delivery Guide
Evaluate risk for new business
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSISV401 - Evaluate risk for new business |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to evaluate risk for new business, including gathering the risk information, and reviewing and assessing it against appropriate risk criteria.It applies to individuals performing underwriting roles in a range of insurance sectors in organisations of various sizes and across a range of client bases.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the insurance services field of work and include access to: organisational records organisational policy, procedures, legislation and regulations as they relate to insurance risk a range of common technology and software. Assessors must satisfy NVR/AQTF assessor requirements. |
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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: Identify and obtain risk information |
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Element: Assess information against established risk acceptance criteria |
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Element: Issue quotation |
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