Implement changes to broking client's insurance program

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 FNSIBK508A, 'Implement changes to broking client's insurance program'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Implement changes to broking client's insurance program' 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. Identify required risk changes to insurance program

1.1. Required risk changes are fully identified using appropriate checklist or questionnaire and application of industry knowledge

1.2. Alternative risk management strategies are determined to provide client with viable options

1.3. Current insurance program is reviewed to determine whether existing cover can be endorsed or whether new cover is required

1.4. Instructions from the client on required changes is sought without delay

2. Negotiate change with insurers

2.1. Availability of a market with suitable terms for the client requirements is established

2.2. Terms, conditions and pricing required for change are negotiated with suppliers to provide the most beneficial outcome for the client

3. Communicate options for insurance program changes to client

3.1. Outcomes of negotiations with insurers are advised to client to enable an informed decision to be made

3.2. Options that specify benefits and disadvantages are identified for the client

3.3. Fully justified recommendations are made

4. Obtain client instructions for insurance program amendments

4.1. Options for changes are communicated so that the client can make informed decisions on program changes

4.2. Client instructions that are clear and concise are obtained to enable precise action to be taken

4.3. Client instructions are recorded according to operating procedures to ensure information is current

4.4. Client instructions are confirmed to protect the interests of broker and client


Qualifications and Skillsets

FNSIBK508A appears in the following qualifications:

  • FNS51210 - Diploma of Insurance Broking
  • FNS50611 - Diploma of Financial Planning