Unit of competency Outline

Date retreived
23/07/2026 12:22 AM AWST

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Negotiate complex claims settlement for insurance broking clients

Negotiate complex claims settlement for insurance broking clients

Unit of competency
National Code
FNSIBK522
State Code
OCI54
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
04/11/2020
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
11/03/2021
Nominal Hours
40
Description
This unit describes the skills and knowledge required to negotiate terms and conditions of complex claims settlements for insurance broking clients. It involves researching and organising information, identifying points of difference, clarifying crucial issues in the claim, and presenting a case in regard to an insurance claim settlement on behalf of clients.The unit applies to those who use well-developed interpersonal, analytical and communication skills in insurance broking organisations of various sizes and across a range of customer bases.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Establish content of complex claim
  • 1.1 Review terms and conditions of insurance policy with client
  • 1.2 Advise client on potential claim recovery
  • 1.3 Identify non-insured items and potential issues
2. Negotiate matters relating to complex claim
  • 2.1 Identify type of claim and establish applicable type of negotiation based on variation to standard claims settlement
  • 2.2 Prepare grounds for negotiation according to legislative and organisational requirements
  • 2.3 Negotiate terms and conditions of settlement with insurer, representing client interests
  • 2.4 Obtain and review negotiated agreement with insurer
3. Finalise complex claim settlement
  • 3.1 Prepare and document details of insurer’s settlement offer with recommendations for client review and acceptance
  • 3.2 Obtain client’s response to settlement offer according to organisational procedures
  • 3.3 Update business records according to organisational procedures
No information
No information
Replaces
State Code National Code Title Type
AUR52 FNSIBK512 Negotiate complex claims settlement for insurance broking client Unit of competency
State Code National Code Title Type
BFX7 FNS51220 Diploma of Insurance Broking Qualification