LEARNERS ASSESSMENT PACK

Describe the Operational Consequences

of Incidents and Losses on an Entity

(14998)

NAME:

ORGANISATION:

COURSE NO:

OR

RPL:

Unit Standard SAQA 14998 – Describe the Operational Consequences of Incidents and Losses on an Entity

INDEX

Page No

Instructions to Learner1

Assignment: Assessment Questionnaire4

Declaration of Authenticity10

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Version 1 – May 2004

Unit Standard SAQA 14998 – Describe the Operational Consequences of Incidents and Losses on an Entity

INSTRUCTIONS TO LEARNER

Purpose of the Assessment:

/ The purpose of assessment against this unit standard is to:
  1. Award credits on the NQF to learners who are able to:
-Describe the kinds of operational losses or incidents that could impact on an entity
-Quantify the potential severity and frequency of risks that could result in losses and claims
-Explain the contingencies related to rehabilitation of identified risks in an entity
-Conduct a post loss analysis
  1. FAIS Compliance
This unit standard will provide you with 2 credits towards the skills programme created at level 4, and aimed at satisfying the requirements for Short Term Insurance –Commercial Lines.

Context of the Unit Standard

/

This unit standard is registered on the National Qualifications Framework as follows:

Field: / Business, Commerce and Management Studies
Sub-field: / Finance, Economics and Accounting
Number: / 14998
Level: / 4
Credits: / 2

Learning Assumptions:

/ The entry requirements for this unit standard is set as open. However learners should be competent in communication,
mathematical literacy and financial literacy at Level 3.

Assessment Methods:

/ The following assessment methods will be used for this assessment:
-Written/or oral questioning

Assessment Process:

/ Step 1 – Planning for the Assessment
-You will need to complete an assessment plan together with your assessor/line supervisor
-Your assessor will prepare you for your assessment and complete the assessment preparation plan with you
-Ensure you are familiar with what is expected of you for this assessment and the unit standard

Assessment Process (Cont):

/ Step 2 – Completing the Assessment
-This assessment will be by means of questionnaire detailed on page 4.
-Hand in the questionnaire fully completed as per the instructions by the date agreed on the assessment plan
-Your assessor may ask you additional questions
-Your assessor will record the evidence that you have submitted onto the assessment guide
-Based on this evidence, the assessor will make a judgement of 'Competent' or 'Not Yet Competent' or 'Not Assessed' for each assessment criteria and overall for the total unit standard
Step 3 – After the Assessment
-If 'Not Assessed' you and the assessor will agree the criteria not assessed and arrange an additional assessment date
-If 'Not Yet Competent' you and the assessor will identify why this judgement has been made and the action/s necessary. A re-assessment date should also be agreed upon.
-All decisions will be recorded on the assessment guide, which all parties should sign
-You will only be declared 'Competent' if you have provided sufficient and valid evidence against all the assessment criteria and specific outcomes of this unit standard
-After declaration of competence, your assessment is subject to the internal moderation process
-Once this is complete, your results will be entered onto SAQA's NLRD – National Learner Record Database

Special Conditions:

/ -The declaration of authenticity on page 9 must be signed by your manager, your assessor and yourself to certify that the evidence is authentic and that this has been applied in your workplace
-Feedback on your assessment will be given to you by your Line Manager/Assessor

Resources:

/ The following additional/supporting resources will help you when preparing for your assessment:
Resource
/ Reference / Available From

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Version 1 – May 2004

Unit Standard SAQA 14998 – Describe the Operational Consequences of Incidents and Losses on an Entity

ASSIGNMENT – ASSESSMENT QUESTIONNAIRE

NAME: ______DATE: ______

DEPARTMENT: ______

For office use
QUESTION 1
Describe the impact of losses arising from death of employees on an organisation.
QUESTION 2
Describe the impact on manufacturing processes following a loss to machinery and plant
QUESTION 3
Describe the impact on market share if an Insured has an inability to produce, following a loss to the manufacturing arm of his business

ASSESSMENT QUESTIONNAIRE – cont.

For office use
QUESTION 4
Case Study
The insured is the owner of a large shopping centre in the Sandton area, near Johannesburg. Within his complex he has 312 shops varying in size and rental value. The tenants of the shops vary. There is a cinema complex, restaurants, clothing shops, stationers, music and entertainment shops and three large retail groups have extensive premises here. In addition there is covered parking for 3000 vehicles of which 80% is open parking.
The entire premises are constructed from reinforced concrete.
The site of the centre is 300 000m2, and is served by four entrances, running from two roads in the area.
Prepare a risk analysis of the risk and list in question form the information you would seek from the Insured to assist in preparing this.
______
______
______

ASSESSMENT QUESTIONNAIRE – cont.

QUESTION 5
Describe the financial risks that apply to a manufacturing concern
QUESTION 6
Describe the risks to an organisation arising from:
  1. Legislative requirements

b.A civil liability award
QUESTION 7
Describe the risks in a specific organisation relating to:
  1. Effects on income from labour shortages

ASSESSMENT QUESTIONNAIRE – cont.

  1. The reliance on large imports

QUESTION 8
Describe the impact of HIV/AIDS on your specific entity
QUESTION 9
Describe how an organisation can plan to rehabilitate people involved in accidents in the workplace
QUESTION 10
Prepare a contingency plan to deal with recovery from a physical loss to your team’s equipment by fire.

ASSESSMENT QUESTIONNAIRE – cont.

QUESTION 11
Describe who would be responsible for overseeing contingency plans in your specific organisation.
QUESTION 12
Describe how fire to a manufacturing plant could have disastrous consequences in terms of material damage.
QUESTION 13
Describe how a fire to a manufacturing plant could have minimal consequences in terms of business interruption.

ASSESSMENT QUESTIONNAIRE – cont.

For office use
QUESTION 14
Describe how statistical information is used by insurers to point to the probability of future events arising.
ASSESSORS COMMENTS:
ASSESSOR SIGNATURE: DATE:

DECLARATION OF AUTHENTICITY

We the undersigned hereby declare that ______has completed all of the specified requirements for assessment against this unit standard.

SIGNED:______

LEARNER:______

DESIGNATION:______

DATE:______

SIGNED:______

LINE SUPERVISOR:______

DESIGNATION:______

DATE:______

SIGNED:______

ASSESSOR:______

DESIGNATION:______

DATE:______

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Version 1 – May 2004