Insurance Industry & Environment
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Insurance Industry & Environment

This course provides learners with a comprehensive overview of the structure, key stakeholders, and regulatory framework of the insurance sector. It equips participants with insight into how economic, social, and legislative factors influence the industry and client relationships.
Insurance & Risk Management Unit Standards

14991 – Law of Contract in Insurance

The qualifying learner is capable of explaining the law of contract as applied in insurance, explaining the application of legal capacity in an insurance contract, interpreting the basic principles required for an insurance contract to be legally binding, and evaluating a proposed insurance contract.

119676 – Customer Service Excellence

The qualifying learner is capable of explaining the principles of impressive customer service in the context of a specific industry and organisation, applying knowledge of personality styles to respond appropriately to a customer, analysing information in order to provide customer service, suggesting innovative solutions to respond to queries and improve customer service, and managing the relationship to retain customers.

13940 – Ethics in a Business Environment

The qualifying learner is capable of explaining the concept of ethics in relation to property and personal rights, describing the role of a code of conduct in a business environment, applying different ethical principles in a specific context, and making decisions based on a corporate code of ethics.

14994 – Understanding Insurable Risk

The qualifying learner is capable of explaining the concept of insurable risk, distinguishing between insurable and non-insurable risks, explaining the principle of average in relation to cover in short term insurance, and applying categories and classes of insurance to categories of risk.

14979 – Organisational Liability & Governance

The qualifying learner is capable of explaining how liabilities could arise within an organisation, explaining how liabilities are linked to corporate governance, describing the risks associated with non-compliance or non-activity, and investigating evidence of compliance or non-compliance in an organisation.

119265 – Workplace Risk Awareness

The qualifying learner is capable of analysing own role and the risk associated with performance at work, demonstrating knowledge and understanding of work procedures and the risk of non-compliance, suggesting ways of managing risk in own work situation, and analysing the behaviours and attitudes that constitute positive and negative risk in the workplace.

8974 – Advanced Oral Communication

The qualifying learner is capable of responding critically yet sensitively as a listener, analysing own responses to spoken texts and adjusting as required, using strategies to be an effective speaker in sustained oral interactions, and evaluating spoken discourse.

117129 – Disclosure in Financial Sales

The qualifying learner is capable of explaining disclosure as required in a financial sales process, demonstrating the disclosure process during a sales interview, producing documents to prove credentials and confirm the required disclosure, and explaining the consequences of non-compliance with regulations.

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