FIN562 Risk Management and Insurance (8)
Abstract|
This subject introduces the concept of personal, property, liability and business risk management. It provides a framework that allows identification of risk, the probability of risk, the cost of risk; and the means of managing risk. To the extent that risk cannot be avoided or managed, self-insurance and laying off the risk to an insurance provider is examined. The key feature of this subject is the development of needs based solutions to risk management across a full range of options and the development of personalised solutions. |
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+ Subject Availability Modes and Location
| Session 2 | | Online | Bathurst Campus |
Continuing students should consult the SAL for current offering details: FIN562
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
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Subject information| Duration | Grading System | School: |
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| One session | HD/FL | School of Accounting and Finance |
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Enrolment restrictions|
Postgraduate Courses in the Faculty of Business, Justice and Behavioural Science. |
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Learning OutcomesUpon successful completion of this subject, students should:
- identify and analyse the law governing insurance as it applies to financial planning clients and be able to apply it to specific situations;
- critically analyse the risks faced by clients and apply the risk management process to identify the exposures to risk and the options available to handle those exposures;
- be able to critically evaluate the scope and nature of different insurance products and identify appropriate contracts which cater for client identified risk;
- prepare appropriate insurance recommendations within a Statement of Advice that will mitigate the identified risks; and
- undertake secondary research and critically evaluate the conflicting positions on recent developments in insurance and risk management trends and policies.
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SyllabusThe subject will cover the following topics:
- the risk management process;
- risk avoidance and risk management;
- the legal and regulatory environment;
- personal risk management;
- property and investment risk management;
- professional, public and product risk management;
- managing and funding estate planning needs;
- business risk management;
- succession planning; and
- the provision of risk management products and advice.
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The information contained in the 2017 CSU Handbook was accurate at the date of publication: 25 August 2017. The University reserves the right to vary the information at any time without notice.
