Postgraduate - UnitBFF5031 - Principles of risk transfer

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Banking and Finance
Offered	Caulfield First semester 2014 (Evening) Caulfield Second semester 2014 (Evening) Caulfield Second semester 2014 (Weekend On-campus)
Coordinator(s)	Mr Hans Buettner

Synopsis

This unit is designed to develop the concept of risk transfer, or the insurance purchase decision, as an outcome of risk management decision-making. It discusses the concept and application of insurance and the principals underlying the insurance purchase, with emphasis on the relationship to the risk management process.

Outcomes

The learning goals associated with this unit are to:

demonstrate an understanding of the risk transfer decision-making process and explain the concept of risk within an insurance framework
outline the principles of risk allocation in non-insurance contracts
explain the structure of the insurance industry and the functions of an insurance company
outline the core concepts underlying the main insurance industry sectors of life, accident, health, property and liability
discuss and comment on the implications of the growing convergence of the broader financial services industry
demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF5031.

Assessment

Within semester assessment: 100%

Chief examiner(s)

Dr Shrimal Perera

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prerequisites

AFF9020 or BFF5902

Prohibitions

AFF5031