Risk Management and Insurance
UndergraduateGRF-AFE2222027
Course information for 2027 intake View information for 2026 course intake
- Study method
- 100% online
- Assessments
- 100% online
- Enrol by
- 4 July 2027
- Entry requirements
- Part of a degree
- Duration
- 13 weeks
- Price from
- $2,318
- Upfront cost
- $0
- Loan available
- HECS-HELP and FEE-HELP available
Risk Management and Insurance
About this subject
At the completion of this subject students will be able to:
- Evaluate the regulation of financial advice and the legal and ethical obligations required of financial advisers when providing advice to clients.
- Use client information and market data to perform a range of calculations to evidence achievement of a client's goals.
- Analyse financial results in terms of assumptions underpinning their modelling and related theories of finance, including, for example, modern portfolio theory and behavioural finance.
- Recommend simple, tailored strategies for wealth creation, wealth protection (insurance), taxation, superannuation and retirement, and estate planning taking into account the client's circumstances and goals.
- Demonstrate development of professional skills, including written and oral communication skills, in the research, creation and delivery of client advice and client-relationship management.
- Introduction to risk management
- Understanding risk and insurance
- Ethics, compliance and industry regulation
- Personal risk management strategies
- Life insurance fundamentals
- Life insurance products and their applications
- Developing personal risk management plans
- General insurance fundamentals
- General insurance products
- Health and mandated insurance
- Insurance policies and claims processes
- Taxation and business insurance
You'll gain the ability to:
- Explain how risk management helps individuals and businesses protect their financial wellbeing.
- Compare a range of life and general insurance products, including their features, applications and limitations.
- Interpret common insurance documentation and understand key taxation considerations.
- Develop risk management strategies for personal and small business situations.
- Apply professional, ethical and regulatory requirements when providing risk management and insurance advice.
- Assess issues influencing the insurance and risk management profession.
Every individual and organisation faces risk. Whether it's protecting income, managing business continuity, safeguarding assets or planning for unexpected events, understanding risk is a critical part of effective financial decision-making.
This subject introduces the principles of risk management and examines how insurance can be used to reduce financial uncertainty. You'll explore the role of both life and general insurance products in protecting individuals, families and businesses, while developing practical skills in assessing risk and recommending appropriate strategies.
Through genuine scenarios, you'll investigate how insurance products operate in practice, including policy structures, claims processes, taxation considerations and the broader regulatory environment. You'll also examine the professional responsibilities of advisers and the importance of ethical conduct, compliance and consumer protection within the financial services industry.
Reflecting Griffith Business School's emphasis on responsible professional practice, the subject encourages you to balance technical knowledge with sound judgement when evaluating risk management options. You'll gain insight into contemporary industry challenges and develop foundational skills relevant to careers in financial planning, insurance, wealth management and related business fields.
Prerequisite: AFE122 Financial Planning 1.
Note: You should not enrol in this subject if you have previously completed 2202AFE Risk Management and Insurance at Griffith University.
- Practice-based assignment (40%)
- Written assignment - You must achieve a minimum of 40% on this assessment task to pass the course (60%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- GRF-AFA-DEG-2027 - Bachelor of Applied Financial Advice
Prior study
You must have successfully completed the following subject(s) before starting this subject:
Additional requirements
- Equipment requirements - Audio/Visual equipment
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Applied Financial Advice
UndergraduateGRF-AFA-DEG