fin2irp insurance and risk
INSURANCE AND RISK PLANNING
FIN2IRP
2016
Credit points: 15
Subject outline
The purpose of this subject is to provide students with a basic understanding of the areas of insurance and the general management of risk. The subject examines the range of personal, business and general insurance products and the advice and strategies used by financial planners to satisfy the needs of clients. Students will be introduced to the areas of risk and various risk management techniques, the key types of insurances policies, policy documents, underwriting and claims handling procedures. The subject will also provide a coverage of a range of risk management strategies utilised by business. There will be an emphasis placed on the application of knowledge into solving real-life issues and extensive use will be made of practical case-studies throughout this subject.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorDarren Henry
Available to Study Abroad StudentsYes
Subject year levelYear Level 2 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites BUS1AFB
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Graduate capabilities & intended learning outcomes
01. Describe and evaluate the insurance and risk management function including the regulatory framework and environment
- Activities:
- Class room activities and tutorial questions. Also an individual assignment that exposes students to issues experienced within the workplace and how they are applied in a practical setting. Final exam.
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Inquiry/ Research(Inquiry/ Research)
- Creative Problem-solving(Creative Problem-solving)
02. Understand the advisory function as it relates to the provision of advice on insurance and risk management techniques
- Activities:
- Class room activities and tutorial questions. Final exam.
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
03. Analyse commonly utilised financial products used within the insurance market and for managing risk and understand their application
- Activities:
- Class room activities and tutorial questions. Also an individual assignment that exposes students to issues experienced within the workplace and how they are applied in a practical setting. Final exam.
- Related graduate capabilities and elements:
- Teamwork(Teamwork)
- Creative Problem-solving(Creative Problem-solving)
- Writing(Writing)
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
04. Construct and present appropriate insurance and risk management strategies and solutions
- Activities:
- Assignment that exposes students to issues experienced within the workplace.
- Related graduate capabilities and elements:
- Teamwork(Teamwork)
- Writing(Writing)
05. Develop skills in report writing and in the presentation of information to industry standards
- Activities:
- Class room activities and tutorial questions. Also an individual assignment that exposes students to issues experienced within the workplace and how they are applied in a practical setting.
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
Subject options
Select to view your study options…
Melbourne, 2016, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorDarren Henry
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 32 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3 hour Final Examination | 60 | 01, 02, 03, 05 | |
| Tutorial Participation | 5 | 01, 02, 03, 04, 05 | |
| Assignment of a maximum of 10 pages | 20 | 01, 02, 03, 04, 05 | |
| Homework exercises | 10 | 01, 03 | |
| Mid semester quiz | 5 | 01, 02, 03 |