Modification History
Not applicable.
Unit Descriptor
Unit descriptor |
This unit describes the performance outcomes, skills and knowledge required to survey risk exposure including examination of risk, analysis of data, reporting and making recommendations specifying loss control measures. 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). |
Application of the Unit
Application of the unit |
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. |
Licensing/Regulatory Information
Not applicable.
Pre-Requisites
Prerequisite units |
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Employability Skills Information
Employability skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Determine hazards and exposures |
1.1. Comprehensive physical examination of risk is undertaken including hazard indicators 1.2. Client and relevant third parties are interviewed to identify potential risk components |
2. Analyse level of hazards and exposures |
2.1. Risk type is assessed against known exposure factors 2.2. Risk type is assessed for compliance with relevant legislation and organisation policy 2.3. Acceptability of risk is determined within organisation underwriting requirements 2.4. Maximum probable loss is estimated, where applicable |
3. Report and recommend on condition of risk exposure |
3.1. Condition and improvements to risk are fully documented according to organisation policy and procedures 3.2. Loss control measures as applicable are specified as a condition of risk acceptance and renewal |
4. Monitor and review loss control measures |
4.1. Loss control measures are followed up and recorded according to organisation policy and procedures 4.2. Risk improvement is monitored against loss control measures 4.3. Follow-up risk surveys are conducted as required |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This section describes the skills and knowledge required for this unit. |
Required skills |
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Required knowledge |
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Evidence Guide
EVIDENCE GUIDE |
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The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. |
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Overview of assessment |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
Evidence of the ability to:
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Context of and specific resources for assessment |
Assessment must ensure:
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Method of assessment |
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
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Guidance information for assessment |
Range Statement
RANGE STATEMENT |
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The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. |
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Comprehensive physical examination may include reference to: |
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Hazard indicators may include: |
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Relevant legislation may include: |
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Organisation policy may include: |
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Unit Sector(s)
Unit sector |
Insurance services |
Competency field
Competency field |
Co-requisite units
Co-requisite units |
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