Unit of Study FINC2007 Insurance and Risk Management (2024)

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Unit Snapshot

Unit type

UG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

Co-requisites

FINC3003 - Estate Planning

Unit description

Introduces students to insurance and risk management. Students will engage in teacher-directed activities and experiences relevant to responsible insurance and risk management and the provision of advisory recommendations to clients.

Unit content

Module 1: Insurance and Risk Management and Insurance Law

Module 2: Insurance Contracts

Module 3: Insurance Products (Personal)

Module 4: Insurance Products (General and Compulsory)

Module 5: Insurance Strategies

Module 6: Insurance and Taxation and The Insurance Claims Process

Availabilities

Location	Domestic	International
Online	Term4	N/A

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

demonstrate an understanding of insurance contracts and how they are constructed, the claims process, and regulatory and legal framework

identify and evaluate key insurance and risk management areas

determine and assess client insurance coverage and risk management objectives in a range of contexts

develop insurance and risk management strategies and provide advisory recommendations.

Teaching and assessment

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Case study	50%
Short written response	50%

Prescribed learning resources

Prescribed Texts

McKeown, W, Olynyk, M, Ciancio, L and La, D, 2020, Financial Planning, Essentials, 3rd ed, Wiley. ISBN: 9780730385738.
Teale, J, 2019, Insurance and Risk Management: The Definitive Guide, 4th ed, John Teale.

Prescribed Resources/Equipment

Access to a computer with a webcam and reliable internet connection.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

Commonwealth Supported courses
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