This subject provides the student with the knowledge and skills to assess and underwrite risk relating to personal lines classes and to survey risk exposure and interpret portfolio performance.
No offerings have been identified for this subject in 2019.
HD/FL
One session
School of Accounting and Finance
Bachelor of Business (Insurance) students only
Definition and explanation of personal lines products
Analysis of the issues to be addressed in underwriting personal lines insurance
Analysis of the principles of hazard assessment and risk transfer in personal lines
Recognition and evaluation of non-routine situations in underwriting personal lines insurance
Analysis of the risk factors for householders' insurance, private motor, personal accident and sickness, consumer credit, travel and pleasure craft insurance
Investigation and evaluation of risk in the personal lines products, and compilation of information including survey report and inspections
Identification and analysis of exposures and relationship of these to company policy and procedures for acceptance and rating and insurance coverage to be offered
Determination of the cover to be provided via:
standard policy documents appropriate for the risk or
variations, extensions, excesses or alternative options
Preparation of the quotation based on the analysis of relevant factors and rating applicable and determination of provisional cover
Selection and modification of policy form and calculation of the premium and accounting and renewal records
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
Content
Personal lines may include:
Householders
Private Motor
Personal Accident And Sickness
Consumer Credit
Travel
Pleasure Craft
Sources of law may include:
Statute Law
Insurance Contracts Act 1984
Disability Discrimination Act 1992
Fair Trading Acts
Racial Discrimination Act 1975
For further information about courses and subjects outlined in the CSU handbook please contact:
The information contained in the CSU Handbook was accurate at the date of publication: May 2019. The University reserves the right to vary the information at any time without notice.