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Evidence Guide: FNSIBK401 - Research, analyse and report information in insurance broking

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSIBK401 - Research, analyse and report information in insurance broking

What evidence can you provide to prove your understanding of each of the following citeria?

Clarify purpose of report

  1. Clarify required purpose of report and intended audience
  2. Determine scope of report and time allowed for research and production
  3. Identify organisational requirements for format and style of report
Clarify required purpose of report and intended audience

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine scope of report and time allowed for research and production

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify organisational requirements for format and style of report

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Collect information for report

  1. Identify sources of information and establish strategies for obtaining information
  2. Gather information from range of sources using appropriate techniques
  3. Maintain accurate records of information and sources
Identify sources of information and establish strategies for obtaining information

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Gather information from range of sources using appropriate techniques

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain accurate records of information and sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse research findings

  1. Analyse and interpret researched information
  2. Check accuracy and completeness of information
  3. Identify key issues for further research and discussion
  4. Develop conclusions and recommendations
Analyse and interpret researched information

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check accuracy and completeness of information

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify key issues for further research and discussion

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop conclusions and recommendations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare reports of research findings

  1. Organise information on which recommendations are based in appropriate format that is consistent with organisational requirements
  2. Prepare draft report for discussion and review with appropriate personnel
  3. Edit draft in response to feedback and present to appropriate personnel for final sign off where required
  4. Complete formal presentation of report, where required, using appropriate methods and equipment
Organise information on which recommendations are based in appropriate format that is consistent with organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare draft report for discussion and review with appropriate personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Edit draft in response to feedback and present to appropriate personnel for final sign off where required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete formal presentation of report, where required, using appropriate methods and equipment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Clarify purpose of report

1.1 Clarify required purpose of report and intended audience

1.2 Determine scope of report and time allowed for research and production

1.3 Identify organisational requirements for format and style of report

2. Collect information for report

2.1 Identify sources of information and establish strategies for obtaining information

2.2 Gather information from range of sources using appropriate techniques

2.3 Maintain accurate records of information and sources

3. Analyse research findings

3.1 Analyse and interpret researched information

3.2 Check accuracy and completeness of information

3.3 Identify key issues for further research and discussion

3.4 Develop conclusions and recommendations

4. Prepare reports of research findings

4.1 Organise information on which recommendations are based in appropriate format that is consistent with organisational requirements

4.2 Prepare draft report for discussion and review with appropriate personnel

4.3 Edit draft in response to feedback and present to appropriate personnel for final sign off where required

4.4 Complete formal presentation of report, where required, using appropriate methods and equipment

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Clarify purpose of report

1.1 Clarify required purpose of report and intended audience

1.2 Determine scope of report and time allowed for research and production

1.3 Identify organisational requirements for format and style of report

2. Collect information for report

2.1 Identify sources of information and establish strategies for obtaining information

2.2 Gather information from range of sources using appropriate techniques

2.3 Maintain accurate records of information and sources

3. Analyse research findings

3.1 Analyse and interpret researched information

3.2 Check accuracy and completeness of information

3.3 Identify key issues for further research and discussion

3.4 Develop conclusions and recommendations

4. Prepare reports of research findings

4.1 Organise information on which recommendations are based in appropriate format that is consistent with organisational requirements

4.2 Prepare draft report for discussion and review with appropriate personnel

4.3 Edit draft in response to feedback and present to appropriate personnel for final sign off where required

4.4 Complete formal presentation of report, where required, using appropriate methods and equipment

Evidence of the ability to:

use organisational tools and a range of appropriate methodologies to collect and analyse information that meets the required criteria

apply organisational skills to prepare a timely report

use communication skills to present information in in a clear and logical format to suit the intended audience.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify the requirements of company policy and procedures for data collection, report writing and presentation to clients

provide an evaluation of the data collection, processing and analysis methods applicable in preparing insurance reports

describe the evaluation and choice of suitable presentation principles and approaches

outline the application of conventions for report writing

explain the responsibility of the adviser to address legal and code of practice requirements relating to information collection and presenting information on insurance products and services

outline the analysis of company products and services undertaken to support recommendations.