FPL202 Insurance and Risk ManagementUpdated: 26 August 2019
|Supervised Exam||There is no supervised examination.|
|Pre-requisites||FPL100 and 24cp|
|Restrictions||AFM466 or AFM566 or FIN201 or FIN304|
|Coordinator(s)||Cynthia Shannon (firstname.lastname@example.org)|
This unit provides students with an analysis of the principles of insurance and the types of insurance products available, as well as a comprehensive discussion on risk management. When discussing the potential for the 'occurrence of loss' in an insurance context, significant skill is needed to professionally deal with both the emotional and financial issues. The determination of how much insurance is required is addressed as are the options available from insurance providers. This unit identifies and explains the connecting issues in relation to insurance from a knowledge and skill perspective, and equips you with the tools to understand personal insurance advice.
This unit includes topics that address the classifications of risk; basic characteristics of insurance; the role of underwriters; the underwriting process; co-insurance; subrogation; general insurance; term insurance; trauma insurance; total and permanent disability insurance; income protection insurance; the claims process; taxation implications; impact of holding insurance inside superannuation and the regulations and legislation as it applies to insurance.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
|Disclaimer||Unit information may be subject to change prior to commencement of the teaching period.|
|Learning Outcomes (LO)||
Upon completion of this unit, students will be able to: