This unit requires foundational knowledge from Tier 2 General Insurance. Refer to Pre-requisite for more information. 
Skills Unit
T1GI2-20

Tier 1 Provide Advice in General Insurance

This unit describes the skills and knowledge required to analyse and advise on a client’s general insurance needs in line with current Australian Securities and Investments Commission (ASIC) regulation (Financial Services Reform Act) in the insurance specialist and generic knowledge areas.

10 CIP Points
Tier 1 Provide Advice in General Insurance
AUD $440
General Insurance Claims
5-week Study Period
10 Credit Points
Intermediate
Compliance
Enrol Now

Who should take the course

The unit applies to individuals who apply specialist product knowledge and well-developed interpersonal and communications skills in the provision of advice in general insurance.

Pre-requisite

Students should undertake their Tier 2 General Insurance compliance before commencing this unit.  The Tier 2 studies (from ANZIIF or any other education provider) will provide the foundational knowledge around Tier 2 financial products which will not be covered in this Tier 1 unit.  It is expected that students enrolling in this Tier 1 unit have completed the required Tier 2 knowledge to ensure their success.

The required Tier 2 knowledge can be completed by enrolling in ANZIIF's Tier 2 General Insurance offerings - the T2GI-2- Tier 2 General Advice or the T2GP-20 Tier 2 General and Personal Advice

What you'll learn

By the end of this learning pathway, students should be able to provide General and Personal advice:
  • Establish relationship with client and identify objectives
  • Analyse client risk information and identify risk solutions
  • Present and confirm solutions with client
  • Coordinate implementation of agreed solution
  • Provide arrangements for ongoing service, where requested by client

Membership Outcome: eligible to elect for Affiliate CIP Member Level. 

Competencies

  • FNSASICN513 Provide advice in general insurance

Topics Covered

  • Tier 1 legislation and regulations
  • The insurance industry and markets
  • Your role as an adviser and your responsibilities
  • Providing financial advice, and your duty and obligations
  • Personal accident and sickness insurance
  • The importance of building relationships and connecting with your clients
  • Techniques to identify client needs, objectives and financials, and collect information
  • Compliance requirements when actively pursuing new business
  • Analysing client needs and identifying client risk solutions
  • Understanding the risk for effective risk transfer
  • When to refer to specialists
  • Preparing to present client risk solutions in multiple forms
  • Complaint handling and dispute resolution
  • The placement process to implement your client's agreed solution
  • Insurance contracts and the law
  • The importance of maintaining documentation and client records
  • Thinking strategically for ongoing services

Assessment

1 Exam and 1 Simulations

See the Assessment and Academic Calendar pages for more information. 
10 CIP Points
Tier 1 Provide Advice in General Insurance
AUD $440
General Insurance Claims
5-week Study Period
10 Credit Points
Intermediate
Compliance
Enrol Now