Skills Unit
UW30102-20
Review a liability portfolio
This unit describes the skills and knowledge required to review the operational performance of insurance portfolios, including analysing portfolio performance, identifying problems and determining remedial action.
10 CIP Points
Review a liability portfolio
AUD $460
General Insurance
5-week Study Period
10 Credit Points
Specialised
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Who should take the course
It applies to individuals working in job roles involving specialist knowledge and functions in a range of insurance sectors; these individuals may work within organisations of various sizes and across a range of client bases.
What you'll learn
By the end of this learning pathway, you should be able to:
- analyse performance data
- identify performance problems and remedial action
- document, determine and implement remedial action
- monitor effectiveness of remedial action.
Competencies
FNSISV532 Review operational performance of insurance portfolios
Topics covered
Week 1
- Concepts and challenges of portfolio management
- Who is responsible for portfolio management?
- Liability, legislation and codes of practice
- Portfolio management cycle
- Porfolio review process
Week 2
- Key performance indicators
- Collating and reviewing performance data
- Reviewing data against planned outcomes and prior record
- Conduct analysis to establish whether planned outcomes have been achieved
Week 3
- Identify performance problems
- Undertake further analysis to identify improvement measures
- Decide on and implement remedial action
- Monitor remedial action
- Aanalyse results on an ongoing basis
Week 4
- Examine a case study of a scheme portfolio review for the waste and recycling industry
Assessment
1 Exam and 1 Simulation
See the Assessment and Academic Calendar pages for more information.