FIN562 Risk Management and Insurance (8)

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.

Availability

Session 2 (60)
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.

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Business

Enrolment Restrictions

Postgraduate Courses in the Faculty of Business, Justice and Behavioural Science.

Learning Outcomes

Upon 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.

Syllabus

This 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.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of FIN562 in Session 2 2021. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Title
Value %
1
Ethical case study
10
2
Blog post
15
3
Scaled advice plan
25
4
Final exam
50

The information contained in the CSU Handbook was accurate at the date of publication: May 2022. The University reserves the right to vary the information at any time without notice.

Back