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
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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
1 Exam and 1 Simulation