Risk Management and Insurance G

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 2016, Insurance and Risk Management, 3rd edn, John Teale, Australia

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
BANK 5042	Introduction to Financial Planning G

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Lecture	1.5 hours x 10 weeks
Tutorial	2 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	35 hours x N/A

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

Assessment

Continuous assessment, Examination, Presentation

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
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.