INS304 Underwriting - Risk Management (8)

This subject provides the student with the knowledge and skills to assess and underwrite risk relating to Commercial Lines (Property, ISR, Contract Works) classes and to survey risk exposure and interpret portfolio performance.

Subject Outlines
Current CSU students can view Subject Outlines for recent sessions. Please note that Subject Outlines and assessment tasks are updated each session.

No offerings have been identified for this subject in 2018.

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Bachelor of Business (Insurance) students only

Assumed Knowledge

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to relate the general principles of Underwriting to Commercial Lines insurance for material damage, business interruption and contract works
  • be able to evaluate the risk exposures inherent in the above
  • be able to evaluate the quotation slip, proposal, and analyse and categorise the risk
  • be able to determine the proposed basis of cover
  • be able to provide quotations
  • be able to draft the policy document
  • be able to review operational performance of policies and portfolios


This subject will cover the following topics:

Definition and explanation of commercial lines products
Analysis of the issues to be addressed in underwriting material damage, business interruption, contract works
Analysis of the principles of hazard assessment and risk transfer to the above
Evaluate the role of the underwriter, underwriting agent and broker in the above
Analysis and evaluation of the risk exposures for material damage, business interruption and contract works
Investigation and evaluation of risk in commercial lines products, and compilation of information including survey reports and inspections
Analysis and categorisation of exposures from a risk management perspective
Relationship of the above to company policy and procedures for acceptance and determination of the cover to be provided
Preparation of the quotation to proposer or intermediary and determination of provisional cover
Drafting of policy including modifications to reflect the basis of agreement and issuing and processing of the policy
Review and analysis of database records of premiums and claims to monitor and report on claims ratios and profitability and analysis of appropriate remedial strategies
Material damage may include:
standard extraneous perils of explosion, aircraft, riot and civil commotion, malicious damage, earthquake, impact, storm, tempest and rainwater
burglary and theft
loss of money
glass breakage
sprinkler leakage
any other accidental loss or damage not otherwise included
Business Interruption may include:
reduction in insured gross profit and/or increased costs due to material damage insured under ISR Section 1
a wider range of risks than traditional fire and extraneous perils such as burglary
other risks may be included


Current Students

For any enquiries about subject selection or course structure please contact Student Central or or phone on 1800 275 278.

Prospective Students

For further information about Charles Sturt University, or this course offering, please contact info.csu on 1800 275 278 (free call within Australia) or enquire online.

The information contained in the 2018 CSU Handbook was accurate at the date of publication: August 2018. The University reserves the right to vary the information at any time without notice.