Unit of competency Outline

Date retreived
23/07/2026 7:33 AM AWST

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Survey potential risk exposure

Survey potential risk exposure

Unit of competency
National Code
FNSISV413
State Code
OCZ65
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
02/02/2021
View on TGA
State Implementation and Classification
Approved Date
22/04/2021
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
22/04/2021
Nominal Hours
100
Description
This unit describes the skills and knowledge required to survey risk exposure, including examining risk, analysing data, reporting and recommending and reviewing loss control measures. The unit applies to those in underwriting roles in a range of insurance sectors, in organisations of various sizes and across a range of client 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. Determine hazards and exposures
  • 1.1 Examine risk and identify hazard indicators
  • 1.2 Interview client and required stakeholders to identify potential risk components
2. Analyse level of hazards and exposures
  • 2.1 Assess risk type against known exposure factors
  • 2.2 Assess risk types for compliance with relevant legislation and organisational policy
  • 2.3 Determine acceptability of risk according to organisational policies and procedures
  • 2.4 Estimate maximum probable loss as required
3. Report and recommend on condition of risk exposure
  • 3.1 Document condition and improvements according to organisational policies and procedures
  • 3.2 Recommend and apply loss control measures as condition of risk acceptance and determination of renewal
4. Monitor and review loss control measures
  • 4.1 Analyse effectiveness of loss control measures and record findings according to organisational policies and procedures
  • 4.2 Monitor risk improvement against loss control measures
  • 4.3 Conduct follow up risk surveys as required
No information
No information
Replaces
State Code National Code Title Type
AUR96 FNSISV403 Survey potential risk exposure Unit of competency