Skills Recognition Tool
Self-assessment tool for Certificate IV in Financial Services – Insurance Broking
Please answer all questions to determine if you are a suitable candidate for Recognition of Prior Learning based on Relevant Professional Experience.
If you answer 'No' to any of the below questions then you are not a suitable candidate for this process.
1. Do you have 5 years work experience in Insurance Broking?
2. Are you able to provide evidence of your experience?
Examples of evidence include:
- Testimonials, references from peers, colleagues or supervisors
- Examples of your work
- Position description for your current or past jobs
- Workplace reports, journals, diaries or calendar of events
- Photographic or written demonstration of achievements
- Performance review documents
- In-house training sessions attended.
3. Can you provide evidence to prove you are competent in all the following competencies?
- Communicate in the workplace
- Use technology in the workplace
- Apply health and safety practices in the workplace
- Apply principles of professional practice to work in the financial services industry.
These are compulsory competencies for the completion of Certificate IV.
4. Can you provide evidence to prove you are competent in the following competencies?
- Group 1 (Choose one competency towards Certificate IV)
- Implement insurance program for broking clients
- Place broking client insurance with insurers
- Confirm insurance cover with broking client
- Provide a broking client service to clients.
- Group 2 (Choose two competencies towards Certificate IV)
- Prepare a new business submission for a broking
client
- Monitor broking clients
- Implement changes to broking client’s insurance program
- Identify and advise on significant risk changes to broking client
insurances
- Assess and negotiate complex risk portfolio for broker client at
renewal
- Review incidence of loss for broking clients
- Meet compliance requirements relating to insurance broking
- Comply with financial services legislation, industry and
professional codes of practice
- Produce research reports and make presentations.
- Group 3 (Choose six competencies towards Certificate IV)
- Maintain customer relationships
- Develop and maintain in-depth knowledge of products and services
used by your organization or sector
- Participate in negotiations
- Collect, assess and use information
- Resolve disputes
- Evaluate risk for new business
- Underwrite new business
- Survey potential risk exposure
- Underwrite renewal business
- Analyse insurance claims
- Use specialist terminology in insurance claims
- Deliver a professional service to customers
Apply
If you have identified you can provide evidence for the four compulsory competencies, plus the nine electives and would like to apply for RPL, click here to proceed.
(Note: This Certificate does not provide ASIC compliance.)