Risk Management and Insurance

Course aim

To develop an understanding of the roles of insurance in the financial planning process, and risk management in reducing the financial impact resulting from the occurrence of catastrophic events.

Course content

Risk management in the financial planning process, the nature of risk and its management, insurance and risk; the Australian regulatory environment and compliance; insurance policies I and II: insurance law concepts, the insurance contract, claims; personal risk management: forms of personal risk, personal risk management
products; life insurance: products, planning and recommendation, insurance under superannuation, taxation; general insurance: introduction, risk assessment, products, planning and recommendation.

Textbook(s)

Teale, J 2019, Insurance and risk management, 4th edn, John Teale, Australia

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
BANK 2008	Introduction to Financial Planning
COML 2005	Companies and Partnership Law

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Lecture	1.5 hours x 10 weeks
Lecture (Virtual)	1.5 hours x 10 weeks
Tutorial	2 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	35 hours x NA

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Case study, Presentation, Professional plan

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.