Provide advice in insurance broking (New Zealand)
This unit describes the skills and knowledge required to provide insurance broking advice to clients. It includes analysing a client’s insurance needs to provide ethical and professional advice that complies with industry regulations and codes of practice.
It applies to individuals who use well-developed interpersonal, communication and self-management skills and general insurance knowledge to perform a specialist advisory role in insurance broking and address the needs of both retail and wholesale clients.
What you'll learn
By the end of this learning pathway, you should be able to:
- Identify, establish, and analyse a client’s objectives, needs, financial situation and risk profile to develop appropriate strategies and solutions.
- Present appropriate strategies and solutions to a client and negotiate a financial plan, policy, or transaction.
- Obtain client’s formal agreement to confirmed plan, policy, or transaction and ensure they understand fees, cost structures, and timeframes for execution and processing.
- Agree to and implement arrangements for providing ongoing service.
FNSASICY513 Providing advice in insurance broking