This subject provides the knowledge and skills to assess and underwrite risk relating to commercial lines (covering commercial motor and personal accident) and to survey risk exposure and review and interpret portfolio performance.
No offerings have been identified for this subject in 2022.
HD/FL
One session
School of Business
Bachelor of Business (Insurance) students only
Definition of commercial lines
Identification of law which affect commercial lines
Analysis of issues in underwriting commercial lines
Analysis of principles of hazard assessment and risk transfer
Evaluation of the broker/underwriter/ underwriter's agent
Product explanation for insuring commercial lines
Explanation of situations in underwriting commercial lines
Analysis of commercial liability insurance risk factors
Analysis of insuring commercial property risk factors
Analysis of insuring for business interruption risk factors
Establish if the risk proposed is an acceptable occupation
Investigation of information to assess the risk
Information specification
Implementation of survey instruments
Information interpretation
Identification of activities of the business
Identification of information exposures
Exposure evaluation from a risk management perspective
Relate evaluation with individual experience and company policy
Deciding insurance coverage requirements
Preparation of submission/review on insurance coverage
Choosing policy type
Customising policies
Modification of endorsements/conditions
Evaluation of information to assess risk exposure
Determination of rating
Premium calculation
Quotation preparation
Quotation submission
Interpretation of market dynamics
Planning negotiation
Compilation of information
Negotiation conducting
Agreement confirmation
Documentation review
Collation of key performance data
Reviewing of data against planning outcome
Conducting analysis on outcomes
Data presentation to identify performance problems and undertake remedial action
The information contained in the CSU Handbook was accurate at the date of publication: June 2022. The University reserves the right to vary the information at any time without notice.