This unit is only for students enrolling in the ANZIIF New Zealand Compliance for Advisers (General Insurance).
Skills Unit
UW20002-00
Understand the core processes of underwriting
This unit describes the skills and knowledge required to conduct underwriting of new business, including determining the terms and conditions, risk acceptance, evaluating the response of the client, negotiating and finalising the cover.
10 CIP Points
Understand the core processes of underwriting
AUD $460
General Insurance
Five Week Academic Calendar (New Zealand)
10 Credit Points
Intermediate
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Who should take this unit
This unit is only for students enrolling in the ANZIIF New Zealand Compliance for Advisers (General Insurance).
What you'll learn
By the end of this learning unit, you should be able to:
- determine whether a risk is acceptable and what terms and conditions should apply
- communicate the result of the risk assessment to the client
- negotiate changes to the offer according to client response
- confirm cover.
Topics Covered
- Week 1: Assess risk and determine terms and conditions
- Week 2: Prepare and communicate quotations to clients
- Week 3: Negotiate and modify offers
- Week 4: Confirm cover and issue documentation
Assessment
1 Exam and 1 Simulation
See the NZ Adviser Compliance information in the Student FAQs and Academic Calendar pages for more information.