Bachelor of Business (Insurance)

What is this course about?

CSU and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) have jointly designed the Bachelor of Business (Insurance).

Admission to undertake this specialisation is open to ANZIIF members who have completed an ANZIIF Diploma insurance qualification. Students must apply for this course through ANZIIF.

The degree combines the study of insurance specific subjects offered by the ANZIIF with broader business and financial services subjects offered by CSU. It provides students with the opportunity to expand their qualification base, acknowledging their insurance expertise and supporting their career progression in the wider financial industry.

On completion, graduates will hold a CSU degree that is internationally recognised and provides access to postgraduate studies.

The general aim of the Bachelor of Business is to provide the formal educational requirements for students to function competently in professional, specialist and managerial positions in private or public practice, commerce, industry and the public sector.

In both law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is the equitable transfer of the risk of a loss from one entity to another in exchange for payment and was practised by Chinese and Babylonian traders as long ago as the 3rd millennia BC.

Insurance can have significant effects on society through the way it changes who bears the cost of losses and damages and insurance companies world-wide are often under media scrutiny for the manner in which they handle claims particularly those associated with major natural disasters.

The Bachelor of Business (Insurance) includes a range of subjects such as risk assessment and management, underwriting management, providing customer advice, claims management, insurance law and regulation, financial planning, treasury risk management, investments and funds management. 

Professional recognition

Professional accreditation from ANZIIF applies to this course. Accreditation from ASIC (RG146 compliance) is applicable if specific Finance subjects are completed.

Flexible offering

This course is available by distance education only. It can be studied both full and part-time and has a minimum full-time duration of six sessions. The degree is programmed over sessions 1 and 2 with a number of subjects offered in session 3 allowing students to fast track their degree if desired.

For students completing the Insurance specialisation, credit must have been awarded for all the specialisation subjects, which are undertaken through the ANZIIF, and the elective subjects must include a joint study in Finance.

While this course does not articulate with other courses, students who wish to terminate their study at an earlier stage may be eligible to receive one of three lower level awards, the Associate Degree in Business Studies, University Certificate in Business Studies, or the University Certificate in Business.

Students will be eligible to graduate with the award Associate Degree in Business Studies (AssocDegBusStud) if they have completed 128 points in the Bachelor of Business, of which at least 88 points must be business or business related subjects, thus meeting the requirements of the Associate Degree.

Students will be eligible to graduate with the award University Certificate in Business Studies (UnivCertBusStud) if they have completed 64 points in the Bachelor of Business, of which at least 48 points must be business or business related subjects, thus meeting the requirements of the University Certificate. However, the students must meet the University Certificate criteria (ie no credit granted in the course) to be able to exit with the award.

Students in the Bachelor of Business programs may use the University Certificate in Business as an exit point should they decide to withdraw from the Bachelor of Business program. However, the students must meet the University Certificate in Business criteria (i.e. complete the three core subjects plus five of the available foundation subjects and no credit granted in the course) to be able to exit with the award.