This unit will be available to enrol from December 2021. 
Skills Unit
UW20001-20

Introduction to Underwriting

This unit describes the skills and knowledge required to evaluate risk for new business or renewing 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.

10 CIP Points
Introduction to Underwriting
AUD $425
General Insurance Insurance Broking Claims
5-week Study Period
10 Credit Points
Intermediate

What you'll learn

  • Identify and obtain risk information
  • Assess information against underwriting guidelines
  • Issue a quotation.

Competencies

FNSISV411 Evaluate insurance risk for business

Topics Covered

  • Week 1: Risk and insurance
  • Week 2: Underwriting guidelines and the submission
  • Week 3: Accepting a risk, surveys, and terms and conditions
  • Week 4: Premiums, the proposal form and issuing a quotation
     

Assessment

2 Exams and 1 Simulation

 

10 CIP Points
Introduction to Underwriting
AUD $425
General Insurance Insurance Broking Claims
5-week Study Period
10 Credit Points
Intermediate