MAA746 - Principles of Risk Management and Insurance

Year: 2018 unit information
Credit point(s): 1
Previously coded as: MPS701
EFTSL value: 0.125
Unit chair:

M Olynyk

Prerequisite: Nil
Corequisite: Nil
Incompatible with:

MPS701

Contact hours:

Online independent and collaborative learning including 3 scheduled online workshops of 3 hours duration

Content

This unit introduces students to insurance, the insurance market and insurance law. The unit examines a range of areas including the concepts of risk and insurance, and the principal legislation governing insurance in Australia. Topics include: insurance in Australia; risk concepts and an introduction to risk management; the insurance mechanism; types of insurance policies; an introduction to underwriting; legal principles of insurance; the Insurance Contracts Act 1984; the Financial Services Reform Act 2001; and the Insurance Act 1973.

Assessment

Written Assignment 3000-4000 words 40%, Examination 2 hours 60%, Hurdle requirement: achieve at least 50% of the marks available on the examination.

Unit Fee Information

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