Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSISV505 Mapping and Delivery Guide
Determine risk rating for investment and insurance products
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSISV505 - Determine risk rating for investment and insurance products |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes skills and knowledge required to monitor and analyse risks, and determine the risk rating associated with an existing or new investment or insurance product.It applies to individuals working in job roles involving specialist knowledge and functions such as underwriting in a range of insurance sectors and may be applied within organisations of various sizes and across a range of client bases.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the insurance services field of work and include access to: organisational records organisational policy, procedures, legislation and regulations as they relate to contracts of insurance a range of common technology and software. Assessors must satisfy NVR/AQTF assessor requirements. |
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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: Monitor and collect information on risk factors |
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Element: Analyse data collected |
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Element: Determine risk rating for product |
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Element: Communicate results to appropriate personnel |
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