Students completing this unit as part of the Certificate IV in General Insurance should select either UW20003-20 Issues of renewal business or UW20002-20 Understand the core processes of underwriting.
UW20003-20
Issues of renewal business
This unit describes the skills and knowledge required to underwrite renewal business, including determining terms and conditions of risk acceptability, communicating results of risk assessments and negotiating agreement.
Who should take the course
Students completing this unit as part of the Certificate IV in General Insurance should select either UW20003-20 Issues of renewal business or UW20002-20 Understand the core processes of underwriting.
What you'll learn
By the end of this learning pathway, you should be able to:
- determine terms and conditions of risk acceptability
- communicate result of risk assessment
- evaluate client response
- negotiate agreement
- cancel, lapse or renew cover.
Competencies
FNSISV412 Underwrite insurance business
Topics Covered
- Week 1: Overview of the renewal process
- Week 2: Risk acceptability criteria and authority guidelines
- Week 3: Assessing the client’s response and negotiating changes
- Week 4: Modifying offers, issuing documentation and keeping records
Assessment
1 Exam and 1 Simulation
See the Assessment and Academic Calendar pages for more information.