INS202 Introduction to Underwriting (8)

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

No offerings have been identified for this subject in 2020.

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

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Bachelor of Business (Insurance) students only

Assumed Knowledge
INS101 and INS102

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

This 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

The information contained in the CSU Handbook was accurate at the date of publication: October 2020. The University reserves the right to vary the information at any time without notice.

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