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

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Start date between: and    Key dates

Melbourne, 2016, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDarren Henry

Class requirements

Lecture Week: 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.

Tutorial Week: 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 elementComments% ILO*
One 3 hour Final Examination60 01, 02, 03, 05
Tutorial Participation5 01, 02, 03, 04, 05
Assignment of a maximum of 10 pages20 01, 02, 03, 04, 05
Homework exercises10 01, 03
Mid semester quiz5 01, 02, 03