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General Insurance - Full Programme

L5GIFQ
Price:
$2,217.00 +GST Non-member
$2,043.00 +GST Learning Partner
$1,870.00 +GST IBANZ Member

This enrolment leads to the General Insurance full strand of the New Zealand Certificate in Financial Services Level 5.

It is relevant to for general insurance brokers and general underwriting personal.

The enrolment includes the Core Knowledge module +  General Insurance module.  For those working it is expected to take 12-18 months part time.

This option includes the following Modules

Core Knowledge

Content 

This module provides an understanding of the level of professionalism required in the financial services industry. You will gain an understanding of the wider financial services environment and research fit for purpose financial or insurance solutions.  Details of the unit standards included in this module are shown below. (NZQA 40 Credits)

In order to gain the certificate in Financial Services Level 5 this module is a core compulsory component, ie it must be completed in conjunction with another module to complete the full qualification strand

Your choice of strand will depend on your circumstances - you can see a full summary here. 

Assessment 

2 study guides are provides for these four unit standards, and the assessment is predominantly evidence based.

This means actual workplace examples of clients are used to demonstrate that you can put into practice the learning contained within the study guide.

Documents can be uploaded using the student dashboard function, scanned and email to your tutor, or posted to our offices. note that client names should be removed.

Approximate time frames for this module is 6.5 months. 


General Insurance Module

Content 

This module provides an understanding of  General risk management concepts and the legislative and regulatory environment associated with general insurance. You will gain a broad understanding of General Insurance products and services available to provide fit for purpose solutions for General Insurance clients.

Details of the unit standards included in this module are shown below. (NZQA 25 Credits) 

Assessment 

A study guide is provided for each unit standard along with an assessment document.

Assessment is by way of 4 written assessment documents which can be downloaded from your dashboard. 

Work can be completed either as a word document, or similar, or written. On completion work can be uploaded on your student dashboard for the tutor to assess.

Approximate time frames for this module is 4 months.


Learning Units Included

Financial Services Best Practice and Professionalism

28363

 This unit standard is one of 4 that make up the Core Knowledge module. In this unit you will gain an understanding of:

  • Best practice and professionalism in respect of client care, ethical behaviour, and process
  • Common estate planning and taxation concepts 
  • The financial advice Six Step Process and its applicability in achieving appropriate solutions for clients 
Objectives
  • Demonstrate knowledge of and, where appropriate, comply with best practice and professionalism in respect of client care, ethical behaviour, and advice process.
  • Demonstrate understanding of the financial advice Six Step Process and its applicability in achieving appropriate solutions for clients.
  • Demonstrate understanding of common estate planning tools and taxation measures.


Regulatory Environment

28364

 This unit is one of 4 unit standards that make up the Core Knowledge module. In the unit you will gain an understanding of:

  • Regulatory environment and the impact on your daily work
  • The impact of legislation  on your daily work 
  • The categories of clients and applicable types of financial services 
  • The role and responsibilities in a complaint or dispute process
Objectives
  • Demonstrate understanding of the roles and responsibilities of participants in complaints and disputes handling processes.
  • Demonstrate understanding of different categories of clients and types of financial services.
  • Demonstrate understanding of the background to the regulatory environment, and identify the applicability and impact of legislation that is relevant in a broad financial services context.


Research and Analysis Processes

28365

This unit standard is one of 4 that make up the Core Knowledge module. In this unit you will gain an understanding of:

  • Research and analysis processes used in assessing, reviewing, or comparing a product, service, or solution, 
  • Conduct appropriate research to develop financial solutions. 
Objectives
  • To understand the processes involved in researching and analyzing financial products or services when reviewing or comparing financial products or services to find a fit for purpose solution.
  • To conduct research and analysis, to develop fit for purpose financial solutions, and to provide a supporting rationale for the identified solution.


The Economic Environment and Financial Markets

28366

This unit standard is one of 4 that make up the Core Knowledge module. In this unit you will gain an understanding of:

  • The role of financial markets and their participants,
  • The common products by which financial markets are accessed
  • The nature and factors that impact  the economic environment and the participants 
Objectives
  • To understand financial markets and systems
  • To understand and explain the factors that impact participants in the financial markets and systems
  • To recognise and understand common types of financial services and products used by consumers
  • To understand financial market participants


General Insurance Concepts and Principles

28367

 This unit standard is one of 4 that make up the General  Insurance module. In this unit you will gain an understanding of: 

  • The types of risk and concepts of insurance in a Fire and General Insurance context
  • How to evaluate and manage risk in a Fire and General Insurance context
Objectives
  • To learn about and understand key insurance risk comcepts such as client tolerance, aversion to and attitude to risk
  • To learn about and understand general insurance risk concepts and types and their relevance to insurance products
  • To understand risk exposure and methods of managing risk for a range of fire and general insurance situations
  • To evaluate and manage risk exposures in a general insurance context and identify risks that are insurable and those which are not insurable


General Insurance Legislation Regulations & Codes of Practice

28368

This unit standard is one of 4 that make up the General Insurance module. In this unit you will gain an understanding of: 

  • The key provisions of relevant legislation, regulations and codes of practice
  • The roles, responsibilities, and interrelationships in fire & general insurance organisations
     
Objectives
  • To learn the interrelationships between the key roles in Fire and General Insurance organisations
  • To learn and understand the key provisions of the Legislative Regulatory framework and Codes of Practice that impact your daily work in a Fire and General Insurance organisation
  • To identify and understand the roles and responsibilities in a Fire & General Insurance organisation


General Insurance Products

28369

This unit standard is one of 4 that make up the General  Insurance module. In this unit you will gain an understanding of: 

  • How to identify clients insurance needs
  • How to identify appropriate general insurance policies and products
  • Policy ownership considerations relevant to General Insurance
  • General Insurance products and services that meet general insurance needs
Objectives
  • To identify Fire and General Insurance products and services features, benefits, risks and limitation in the context of arranging cover or pursuing a claim
  • To identify clients Fire and General Insurance needs and provide fit for purpose policies and covers that meet client needs
  • To identify and understand the specific features, structures, cover and terms and conditions for Fire and General Insurance products
  • To understand the impact of various ownership structures in relation to Fire and General Insurance policies and impacts on insurance contracts


General Insurance Product Application and Review Process

28370

This unit standard is one of 4 that make up the General Insurance module. In this unit you will gain an understanding of: 

  • General insurance policy issuance, maintenance, and claims process
  • The considerations and relevant issues for a general insurance review.
     
Objectives
  • To compare the advantages and disadvantages between an existing Fire and General Insurance programme and a proposed insurance programme
  • To learn and understand the steps in policy issue, policy maintenance, claims for Fire and General Insurance polices
  • To identify considerations that trigger the review process for Fire and General Insurance programme


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