Unit of competency Outline
Date retreived
22/07/2026 3:25 PM AWST
22/07/2026 3:25 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Survey potential risk exposure
Survey potential risk exposure
Unit of competency
National Code
FNSISV403A
FNSISV403A
State Code
D4235
D4235
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
28/07/2014
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
28/07/2014
Nominal Hours
100
Description
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).
Notes
Elements and 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
RANGE STATEMENT
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.
Comprehensive physical examination may include reference to:
organisation standard risk procedures, as defined by individual insurers.
Hazard indicators may include:
adjoining occupations
compliance with statutory requirements (storage and licensing)
construction standard of premises
degree of quality control
incident reporting systems
level of maintenance/housekeeping
management and staff attitude and commitment to safety and security of property and persons
protection levels for fire and burglary
proximity to other business premises/remote locations
response times to services, such as fire/security/police
risk management programs
security program.
Relevant legislation may include:
building codes
FSRA
safety and hazardous goods
workers compensation and other industrial legislation.
Organisation policy may include:
diary keeping procedures.
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.
Comprehensive physical examination may include reference to:
organisation standard risk procedures, as defined by individual insurers.
Hazard indicators may include:
adjoining occupations
compliance with statutory requirements (storage and licensing)
construction standard of premises
degree of quality control
incident reporting systems
level of maintenance/housekeeping
management and staff attitude and commitment to safety and security of property and persons
protection levels for fire and burglary
proximity to other business premises/remote locations
response times to services, such as fire/security/police
risk management programs
security program.
Relevant legislation may include:
building codes
FSRA
safety and hazardous goods
workers compensation and other industrial legislation.
Organisation policy may include:
diary keeping procedures.
EVIDENCE GUIDE
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.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
interpret and comply with all legal obligations and organisation procedures in order to identify and thoroughly assess risks, and develop a suitable policy
apply all relevant legal obligations and organisation procedures in order to identify and thoroughly assess risks
maintain a sound understanding of relevant organisation products and services and relevant underwriting guidelines and procedures
conduct comprehensive surveys of potential risk exposure and develop recommendations to control or minimise risk of loss
monitor loss control measures in accordance with underwriter's guidelines and organisation procedures.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to organisation records
access to organisation policies and procedures.
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:
evaluating an integrated activity, which combines the elements of competency for the unit, or a cluster of related units of competency
observing processes and procedures in workplaces
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
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.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
interpret and comply with all legal obligations and organisation procedures in order to identify and thoroughly assess risks, and develop a suitable policy
apply all relevant legal obligations and organisation procedures in order to identify and thoroughly assess risks
maintain a sound understanding of relevant organisation products and services and relevant underwriting guidelines and procedures
conduct comprehensive surveys of potential risk exposure and develop recommendations to control or minimise risk of loss
monitor loss control measures in accordance with underwriter's guidelines and organisation procedures.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to organisation records
access to organisation policies and procedures.
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:
evaluating an integrated activity, which combines the elements of competency for the unit, or a cluster of related units of competency
observing processes and procedures in workplaces
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUR96 | FNSISV403 | Survey potential risk exposure | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D713 | FNS41411 | Certificate IV in General Insurance | Qualification |