Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSISV402A Mapping and Delivery Guide
Underwrite new business
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSISV402A - Underwrite new business |
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Description | This unit describes the performance outcomes, skills and knowledge required to conduct underwriting of new business including determining the terms and conditions, risk acceptance, evaluating the response of the customer, negotiating and finalising the cover.This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC). | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to underwriting job roles in a range of insurance sectors and may be applied within organisations of various sizes and across a range of customer bases. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Determine terms and conditions of risk acceptability |
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Element: Communicate result of risk assessment |
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Element: Evaluate client response |
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Element: Negotiate agreement |
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Element: Issue interim cover where required |
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