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 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 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.

Why study this degree?

The general aim of the Bachelor of Business (Insurance) is to provide the formal educational requirements for students to function competently in professional, specialist and managerial positions in both the private and public sectors.

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 third millennia BC.

Insurance can have significant effects on society through the way it changes who bears the cost of losses and damages. 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, claims management, insurance law and regulation, financial planning, treasury risk management, investments and funds management.

More reasons to study this degree

Find out where this course can take you

Course structure

The course is comprised of 24 subjects - eight core subjects, six Insurance specialisation subjects, four Insurance electives and a further six electives of which five are from the Finance joint study and one can be an elective of your choice.

Graduation requirements

To graduate, students must satisfactorily complete 192 points (24 subjects), comprising the core subjects, the Insurance specialisation subjects, the joint study and one free elective (with all subjects having been either awarded as credit or completed during enrolment in the course).

Academic expectations

For each 8 point subject at CSU, students should normally expect to spend between 140-160 hours engaged in the specified learning and assessment activities (such as attending lectures or residential schools, assigned readings, tutorial assistance, individual or group research/study, forum activity, workplace learning, assignments or examinations). The student workload for some subjects may vary from these norms as a result of approved course design.

Students will be assessed on the basis of completed assignments, examinations, workplace learning, or other methods as outlined in specific subject outlines.

Where applicable, students are responsible for travel and accommodation costs involved in workplace learning experiences, or attending residential schools (distance education students).

Expectations relating to academic, workplace learning, time and cost requirements for specific subjects are provided in the subject abstracts and in course materials.

Professional recognition

Professional accreditation from ANZIIF applies to this course. RG146 compliance can be achieved if specific Finance subjects are completed.

The following five Finance subjects deliver the required RG146 knowledge and provide compliance in the listed specialist knowledge areas:

• FIN211 Financial Management
• FIN221 Investments
• FIN230 Financial Institutions and Markets
• FIN331 Financial Planning
• FIN340 International Finance

Flexible offering

This course is available by distance education only. It can be studied both full-time 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 you to fast-track the 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.

Joint studies

A principal advantage of the Bachelor of Business (Insurance) is the opportunity to specialise in a second area - a joint study. Your elective subjects must include the joint study in Finance which will be included on your testamur. You may opt to undertake another joint study with prior approval from the Course Director.

Credit for TAFE or other University studies

CSU has a large number of standard credit packages for TAFE and other institutions.

If you have studied and successfully completed relevant subjects at other universities or educational institutions then you may apply for credit for these subjects when applying to CSU. Credit will be granted for subjects which are equivalent in content and standard, at the discretion of the Course Director.

More information about credit and pathways.

Admission requirements

Please note: Students MUST apply through ANZIIF to do this course.

Applicants to this course should hold a completed ANZIIF Diploma.

To be admitted into the course, prospective students need to indicate their likelihood of success through:

1. previous studies, and
2. other attainments and experience.

Previous studies

Previous studies include:

• the NSW Higher School Certificate or interstate /overseas equivalent;
• the International Baccalaureate Diploma;
• a completed or part completed course of a university, college of advanced education or other accredited tertiary institution;
• a completed or part completed course of a TAFE college or other accredited post-secondary institution (including TAFE Tertiary Preparation Certificate);
• an approved Foundation Studies program certificate;
• completion of undergraduate subjects as an Associate Student with the University or through another University, or Open Universities Australia.

NSW and interstate school leavers are normally selected on the basis of their Australian Tertiary Admissions Rank (ATAR) or interstate equivalent. You may also be admitted on the basis of a strong performance in subjects relevant to your course preferences.

Currently no secondary school subjects are prerequisites for admission to particular CSU courses however some courses assume a certain level of knowledge. This will be specified in the course information if applicable.

English language proficiency

The University has minimum requirements for English language proficiency prior to entry to our courses. Some courses also have a requirement for a higher entry or exit level of English proficiency. More information on English language requirements.

Attainment and experience

You may also be admitted to a course based on other attainments and experience. These may include:

• voluntary or paid work experience;
• performance in tests and examinations conducted by professional recognised bodies;
• participation in continuing education programs and/or staff development programs conducted by adult education agencies, consultancies, professional bodies or employers;
• completion of the Special Tertiary Admissions Test (STAT).

Internet access

CSU places great emphasis on services to its students. It is a leader in the provision of online services and, in particular, the use of the internet in the support of teaching, administration and communications with students.

The online environment is so integrated into all aspects of student life and the learning experience at CSU that the University now assumes that all on campus and distance education students at CSU will have ongoing access to an internet connected computer capable of communicating with CSU online systems.

Students enrolled in Information Technology subjects (i.e. with an ITC subject code) may be required to have additional hardware and/or software that is deemed essential for the completion of the learning activities in that subject.

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Students must initially apply for this course through ANZIIF.