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.


Session 2 (60)
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



One session


School of Accounting and Finance

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.


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 2020. 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
Value %
Ethical case study
Blog post
Scaled advice plan
Final exam

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.