Assessor Resource
FNSIBK506A
Monitor broking clients
Assessment tool
Version 1.0
Issue Date: June 2024
This unit requires the application of specific brokerage service standards, usually every 3 to 6 months, to monitor changes not only in the client's risk situation but also in insurance products and markets that may negatively and positively impact the client.
These protocols include researching client data to determine the level of broker-client contact and monitoring required.
The unit may be applied within organisations of various sizes and across a range of customer bases.
This unit involves the broker in establishing an ongoing risk monitoring process with new broking clients.
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).
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)