Skills Unit
BR30002-20

Manage Changes to a Broking Client's Insurance Program

This unit is one of the four units required for ASIC RG146 Tier 1 Insurance Broking Compliance.

10 CIP Points
Manage Changes to a Broking Client's Insurance Program
AUD $300
Insurance Broking
5-week Study Period
10 Credit Points
Specialised
Enrol Now

This unit describes the skills and knowledge required to identify and implement insurance program changes for an insurance broking client, including undertaking a review of the existing portfolio and insurance history. It also involves making changes following a prior review of the client’s personal and/or business needs.

The unit applies to both general and life insurance brokers who provide advice to wholesale and retail clients. 

What you'll learn

  • Identify required risk changes to insurance program
  • Negotiate change with insurers
  • Obtain client instructions for program amendments
  • Agree to arrangements for providing ongoing service

Competencies

FNSIBK518 Implement changes to insurance programs of broking clients

Topics Covered

  • Week 1: Today, tomorrow, day after tomorrow
  • Week 2: Risk
  • Week 3: Introducing the insurer
  • Week 4:Transactions and ongoing service

Assessment

2 Exams and 1 Simulation

 

10 CIP Points
Manage Changes to a Broking Client's Insurance Program
AUD $300
Insurance Broking
5-week Study Period
10 Credit Points
Specialised
Enrol Now