The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Review claims reserves and monitor funds
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Review claims reserves regularly to ensure they accurately reflect expectations Completed |
Evidence:
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Monitor funds to ensure adequate reserves exist to pay claims as they fall due for payment Completed |
Evidence:
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Provide accurate data to assist underwriters to identify and charge appropriate policy premiums Completed |
Evidence:
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Support claims staff in claims reserve activities
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Ensure claims coordination staff are supported, as required, to identify accurate initial claims reserves Completed |
Evidence:
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Ensure claims coordination staff are supported, as required, in allocation of claims to appropriate claims specialists Completed |
Evidence:
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Authorise payments, settlements and changes to reserves
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Authorise payments, settlements and reserves changes that are requested or required by claims specialists but outside their delegated authority Completed |
Evidence:
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Identify required changes to portfolio, claims reserves policy or procedures
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Communicate identified information promptly to decision-makers in the management structure according to organisational procedures Completed |
Evidence:
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Instigate changes to policy and procedures to minimise claims losses in similar circumstances Completed |
Evidence:
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