Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 5.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

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

1. Register claim

1.1 Use internal broking claims system to register and process client claims

1.2 Update claims recording system in a manner that minimises processing time and according to organisational policies and procedures

2. Advise insurers and complete required documentation

2.1 Verify appointment of loss adjuster on receipt of claim

2.2 Obtain formal acknowledgment of receipt of claim from insurers

2.3 Make formal claim reports according to organisational procedures and within brokerage time requirements

2.4 Provide assistance to client, when required to complete claim documentation according to codes of practice

2.5 Ensure full and accurate information is available to insurers in assessing claim

3. Advise client of rights and obligations

3.1 Formally request insurer to reinstate sum insured where required and inform client where reinstatement occurs

3.2 Review terms and conditions of insurance policy with client to ensure maximum claim recovery is sought

3.3 Advise client on administration of claims to ensure no breach of contract occurs and claims are managed efficiently

3.4 Advise client of legislative requirements to protect client interests

4. Liaise with service providers

4.1 Identify need for independent service providers with suitable expertise for claim, where settlement authority exists

4.2 Engage suitable service provider based on client instructions where settlement authority exists and according to organisational policies and procedures

4.3 Brief service provider thoroughly to ensure investigation is comprehensive where settlement authority exists

4.4 Review and assess service provider’s report within agreed timeframes where settlement authority exists

4.5 Maintain contact with insurer’s service provider to ensure reports and issues are dealt with within required timeframe

5. Notify terms of settlement to client and update files and records

5.1 Prepare details of insurer’s settlement offer without delay, with recommendations for client to review

5.2 Obtain and act on client’s response to settlement offer without delay and according to organisational procedures

5.3 Remit settlement funds to client according to legislative requirements and organisational policies and procedures

5.4 Update business records promptly according to organisational policies and procedures

S KILL 

DESCRIPTION 

Numeracy

• Checks calculations to confirm insurance requirements and settlements
• Plans and schedules to manage timeframes

Oral communication

• Uses language suitable to audience and purpose to convey requirements
• Uses active listening and questioning techniques to confirm understanding

Reading

• Interprets information from a range of sources and identifies key information

Writing

• Records and completes organisational documentation and correspondence using language appropriate to audience and purpose, and correct spelling, grammar and terminology
• Writes, edits and proofreads documents to ensure clarity of meaning, and accuracy and consistency of information

Planning and organising

• Plans, sequences and prioritises tasks and own workload to achieve organisational requirements
• Takes responsibility for planning, organising, implementing and reviewing systems to manage sensitive information

Self-management

• Follows legislative requirements, and organisational policies and procedures, and meets expectations of own role
• Implements strategies to establish a sense of connection and build rapport with clients

Teamwork

• Uses collaboration techniques to negotiate agreed outcomes
• Selects and uses appropriate conventions and protocols when communicating with clients, insurers and service providers in a range of contexts

Technology

• Uses digital technologies to access, enter and store information

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 5.0.