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.

Credit/pathways

University Certificate in Business

Students are not entitled to credit in this course as the University does not allow credit in University Certificate courses.

Bachelor of Business (with specialisations)

The Faculty has a large number of standard credit packages for TAFE and other institutions. Students who have studied and successfully completed relevant subjects at other universities or educational institutions may apply for credit for those subjects when applying to CSU courses. Credit will be granted for subjects, which are equivalent in content and standard, at the discretion of the Course Director.

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

Applicants will be deemed to have sufficient English proficiency if they:

• have completed all their formal studies in one or more of the following countries; or
• were born in one of the following countries and have completed at least one qualification in one of those countries; or
• have completed senior secondary study or at least one year of full-time University study in one of the following countries: American Samoa, Australia, Canada, Fiji, Ireland, Kenya, New Zealand, Papua New Guinea, Singapore, Solomon Islands, South Africa, United Kingdom, USA, Zambia
  or
• have successfully completed one year of full-time (or part-time equivalent) post-secondary study at an affiliate institution of the University, with English as the medium of instruction and assessment.

All other applicants must explicitly demonstrate proficiency.

Acceptable tests for English proficiency

Any of the following results, attained within the last two years, can be used to demonstrate English proficiency:

• an Academic IELTS (International English Language Testing System) overall score of at least 6.0, and with no score below 5.5;
• a TOEFL (Test of English as a Foreign Language) paper-based score of 550 and TWE of 5.0;
• a TOEFL computer-based score of 213 and Essay Rating of 5;
• a TOEFL internet-based score of 80 for undergraduate and postgraduate coursework programs, and 90 for postgraduate research candidates with a minimum score of 25 in the writing section.
• a Combined Universities Admission Test (CULT) overall score of at least 65;
• a C pass in English at the GCE 'A' level examinations in either Singapore or the United Kingdom;
• completion of the International Baccalaureate diploma with English A2 at higher or sub. Level;
• a C pass in 'Use of English' in the Hong Kong Advanced Level Examination (HKALE);
• completion of the UNSW Foundation Studies Certificate with a C pass in 'Use of English';
• completion of an AQF Certificate IV (including English for Academic Purposes);
• successful completion of at least one year of study in a course at Associate Diploma or Diploma level on the Register of Australian Tertiary Education;
• a score of 155 in the verbal component of the STAT test;
• a Pass grade in the Uniworld English College English for Tertiary Entrance course; or
• IRI Diploma of English.

An applicant who does not otherwise meet the University's requirements may be admitted on the recommendation of the Dean of the appropriate faculty.

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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This course is available to commence study in

Students must initially apply for this course through ANZIIF.