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fin2irp insurance and risk planning

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. You will examine 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-ordinatorGreg Jamieson

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 2 - UG

Available as ElectiveNo

Learning ActivitiesClass room activities and tutorial questions.  Individual assignment and final exam.

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesFIN1FOF OR ACC1AMD OR BUS1AFB

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Communicating and Influencing
DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry
PERSONAL AND PROFESSIONAL - Adaptability and Self-Management
PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Intended Learning Outcomes

01. Describe and evaluate the advisory function of a financial planner as it relates to the provision of advice on insurance and risk management products and strategies.
02. Develop and understanding of the legal and regulatory framework that governs insurance products and the provision of advice on insurance products.
03. Analyse and critically evaluate a comprehensive set of client circumstances in order to identify the insurance and risk management needs and goals of a client.
04. Describe and evaluate the application of financial products commonly used to insure against, and manage, risk.
05. Research, evaluate and apply a range of insurance and risk management strategies appropriate to the needs and objectives of a client, in an ethical and professional manner.
06. Develop skills in report writing, financial modelling and the presentation of information to clients.

Subject options

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Subject not currently offered - Subject options not available.