INSURANCE AND RISK PLANNING

FIN2IRP

Not currently offered

Credit points: 15

Subject outline

In this subject you will attain 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. You 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 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:
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

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 and Analytical Skills
Inquiry and Analytical Skills
Personal and Professional Skills
Discipline -Specific Knowledge and Skills

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:
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

04. Construct and present appropriate insurance and risk management strategies and solutions

Activities:
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:
Literacies and Communication Skills
Literacies and Communication Skills
Personal and Professional Skills
Personal and Professional Skills
Discipline -Specific Knowledge and Skills

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:
Literacies and Communication Skills
Inquiry and Analytical Skills

Subject options

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Subject not currently offered - Subject options not available.