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.

We are not currently taking enrolments for this unit.  Enrolments will resume by 16 December 2022.
Skills Unit
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.

10 CIP Points
Issues of renewal business
AUD $440
General Insurance
5-week Study Period
10 Credit Points
Intermediate

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.

10 CIP Points
Issues of renewal business
AUD $440
General Insurance
5-week Study Period
10 Credit Points
Intermediate