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INS202 Introduction to Underwriting (8)

Abstract

This subject provides an introduction to insurance underwriting. It examines the knowledge and skills required to assess and evaluate risk against appropriate risk criteria.

+ Subject Availability Modes and Location

Continuing students should consult the SAL for current offering details prior to contacting their course coordinator: INS202
Where differences exist between the handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Assumed Knowledge

INS101 and INS102

Enrolment restrictions

Bachelor of Business (Insurance) students only

Learning Outcomes

Upon successful completion of this subject, students should:
- be able to discuss the principles of hazard assessment and risk transfer
- be able to evaluate risk and underwrite business
- be able to issue contracts of insurance

Syllabus

The subject will cover the following topics:
Definition of:
Reinsurance
Risk assessment
Risk management
Risk assessment reporting
Underwriting
Hazard assessment and risk transfer
Risk
Risk information analysis
Determination of risk acceptability
Quotations
Premium calculation
Risk assessment feedback to client
Analysis of client responses to risk assessment reports
Agreement completion
Underwriters terms and conditions
Risk information validation
Contract documentation completion

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The information contained in the 2015 CSU Handbook was accurate at the date of publication: 01 October 2015. The University reserves the right to vary the information at any time without notice.