School Of BusinessInsurance and Risk ManagementWestern Sydney University Unit Code: 200870.2
Discipline: INSURANCE AND ACTUARIAL STUDIES
Student Contribution Band: 4
Level: 7
Credit Points: 10
Equivalent Units
CO804A Insurance and Risk Management (PG)
Prerequisite
200867 Superannuation AND 200868 Investment Planning OR 200986 Financial Products and Markets
Unit Enrolment Restrictions
Students must be enrolled in course 2793 Master of Financial Planning, 2794 Graduate Diploma in Financial Planning, 2807 Master of Stockbroking and Financial Advising or 2808 Graduate Diploma in Stockbroking and Financial Advising or the following teach out courses: /2770 Master of Commerce (Financial Planning) or 2690 Graduate Certificate in Commerce (Financial Planning).
About this Unit
This unit introduces students to the use of a range of insurance types and products to manage risk for individuals and small business. It aims to identify, evaluate and manage risk as part of the financial planning process to produce a compliant statement of advice. A number of risk management strategies are identified and the importance of life insurance, total and permanent disablement, trauma policies, property insurance, health cover, income protection and business insurance in managing risk is addressed. The unit provides an understanding of the various issues that can arise with respect to insurance policies and premiums and uses both the multiple and needs analysis approaches to calculate the level of cover required. A holistic approach to the risk management process is provided where a variety of insurance covers are considered in the context of a full financial plan that is adequate and affordable to the client and their specific needs as identified in the data collection process.
Special Requirements - Essential Equipment
Students must have access to the internet and be reasonably proficient computer users.
A compatible headset is recommended for students to gain the most from the e-tutorials run via Collaborate.
Students may also find a financial calculator helpful in this unit.
Courses| 2793.3 | Master of Financial Planning | CONTINUING |
| 2793.4 | Master of Financial Planning | CONTINUING |
| 2793.5 | Master of Financial Planning | CURRENT |
| 2794.3 | Graduate Diploma in Financial Planning (exit only) | CONTINUING |
| 2794.6 | Graduate Diploma in Financial Planning | CURRENT |
| 2807.2 | Master of Stockbroking and Financial Advising | CONTINUING |
| 2808.2 | Graduate Diploma in Stockbroking and Financial Advising | CONTINUING |