Skills Unit
BR3N012-20

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.

10 CIP Points
Provide advice in insurance broking (New Zealand)
NZD $510
Insurance Broking
5-week Study Period
10 Credit Points
Intermediate
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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.

Competencies

FNSASICY513 Providing advice in insurance broking

Topics Covered

  • Week 1: The big picture
  • Week 2: Assessing risk
  • Week 3: Developing an insurance strategy
  • Week 4: Finalising the plan

Assessment

1 Exam and 1 Simulations

See the Assessment and Academic Calendar pages for more information. 

 

10 CIP Points
Provide advice in insurance broking (New Zealand)
NZD $510
Insurance Broking
5-week Study Period
10 Credit Points
Intermediate
Enrol Now