Undertake risk analysis for an insurance broking client

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSIBK505A, 'Undertake risk analysis for an insurance broking client'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Undertake risk analysis for an insurance broking client' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Select methods to assess clients risks

1.1. Risk assessment is completed in compliance with brokerage guidelines

1.2. Industry and general environmental information is collected as input to risk analysis

1.3. Specialists with relevant expertise to conduct risk assessment and prepare risk report are recommended to client

1.4. Relevant criteria for selection of specialist is provided to client

1.5. Comprehensive records of risk analysis and actions taken are maintained

2. Identify how risks are managed

2.1. Types of risks are identified and ranked as insurable and uninsurable and how they are to be managed

2.2. Potential losses identified and probability of loss assessed

2.3. Insurable risks classified as standards or above (low risk) or below standard (high risk)

2.4. Controls to minimise effect of potential losses are identified

2.5. Risks to be managed by insurance are identified

3. Make recommendation on management of risks to client

3.1. Stakeholders are identified

3.2. Recommendations for insurance and risk management plan covering resources, timing, responsibilities and monitoring and reporting of impact on overall risk exposure are recommended to client

3.3. Views of stakeholders are sought and information is provided to stakeholders at each stage of assessing the organisation's exposure to risks

4. Prepare information for insurer

4.1. Information to prepare accurate broking skip is extracted from risk assessment information

4.2. Information is presented in a manner that allows an insurer to judge the type and extent of cover


Qualifications and Skillsets

FNSIBK505A appears in the following qualifications:

  • FNS51210 - Diploma of Insurance Broking