Understand and assess risk

Part of a broker’s everyday job is to assess risk and provide clients with advice on what insurance is available to cover their risks.

This unit introduces risk management, and provides the skills and knowledge to develop risk criteria, analyse the likelihood and consequences of a loss, and develop risk heat maps as part of the risk management process. The unit covers the following key areas:

  • Risk concepts
  • Communication and consultation
  • Developing risk criteria
  • Risk assessment.

On completion, students will have detailed knowledge of:

  • the risk management process in terms of the AS/NZS ISO 31000 risk management standard
  • the importance of determining internal and external factors and developing risk criteria to establish risk management context
  • the importance of cause, events and impact in identifying risk
  • how to analyse a risk by determining the likelihood and consequences of a loss
  • how to use a risk heat map to determine the priority for treatment of a risk
  • how to monitor and review the application of the risk management process.

Assess risk — RM30002-15

5 weeks | 10 credit points | AUD $375

This unit meets the requirements of AQF competency ‘FNSRSK502 Assess risks’, and is delivered by ANZIIF as a Registered Training Organisation (RTO 3596).

To enrol or view other Skills Units, visit www.anziif.com/education or call Mark Ryan, ANZIIF Sales Manager on 03 9613 7284.

About ANZIIF Skills Units

In today’s ever-changing and competitive insurance landscape, brokers need to participate in ongoing education, training and professional development to keep their skills and knowledge up to date so they can keep their clients happy and the bottom line healthy.

ANZIIF’s new education model recognises that brokers are busy and don’t have the time to spend on traditional long-form education when clients need advice and sales have to be made. Our new ANZIIF Skills Units are short and sharp and focus on specific skills that brokers need to grow their business.

To help brokers choose the education that best suits them, we’ll be highlighting units over the coming months in Broker Buzz.