Risk Management and Insurance
Undergraduate | USA-BANK3018 | 2024
Enrol today with instant approval and no entry requirements
- Study method
- 100% online
- Assessments
- 100% online
- Enrol by
- 16 June 2024
- Entry requirements
- No ATAR needed,
- No prior study
- Duration
- 10 weeks
- Start dates
- 24 June 2024
Price from
$2,200
Upfront cost
$0
FEE-HELP available
Risk Management and Insurance
About this subject
By the end of this 10-week course, you’ll be able to:
- Summarise the regulatory environment surrounding insurance in Australia and assess its implications for the provision of risk management advice as part of the financial planning process.
- Compare and contrast the features of major life and general insurance products and explain differences between alternative insurance products to clients.
- Critically evaluate the role of risk assessment and use of insurance as components of the financial planning process, including the taxation implications of alternative products and strategies.
- Identify and evaluate client-specific risks and provide a critical assessment of the risk management and insurance implications for these clients.
- Develop risk management strategies appropriate to client risk profiles, including recommendations for life and general insurance products.
- Demonstrate Business Enterprise Skills in the context of the Financial Planning discipline: i) Problem Solving (advanced level); and ii) Oral Communication (advanced level).
- Introduction to Risk Management
- Introduction to Insurance
- The Australian Regulatory Environment
- Insurance Policies and Introduction to Personal Risk Management
- Behavioural Biases and Introduction to Life Insurance
- Life Insurance
- General Insurance
- Small Business Insurance
- Providing Financial Insurance Advice
Investigate the role insurance plays in the financial planning process. Study risk management and learn how it may reduce the financial impact which may result from catastrophic events.
Both risk management and insurance are complex topics that span a broad set of concepts, ideas, theory, and practical applications.
The focus of this course will be on defining risk, identifying risks that are insurable, and outlining the most appropriate forms of insurance for any given set of insurable risks. Learn about the relevant laws and regulations that dictate both the form and preparation of financial advice on insurance products.
UniSA Online’s 10-week short courses give you the flexibility to upskill in a certain area, stay current with developments in your field, diversify your knowledge, or even explore a new direction in your career – without having to commit to the time and cost of a full university degree.
This is a third-year course from UniSA Online’s Bachelor of Business (Financial Planning degree). When studying this course as a "single subject", prior knowledge from COML 2020, BANK 2011 or equivalent will support your success.
Delivered 100% online, you’ll be able to study where and when it suits you. Access online academic and student support seven days a week, fit study around work and life commitments, view learning resources 24/7, and log in to the interactive online environment anywhere, any time and on any device.
Should your course have an exam it will be scheduled for Australian Central Standard Time or Australian Central Daylight Time, depending on the time of the year.
- Multiple (Case Study Written & Oral) (45%)
- Case Study (55%)
For textbook details check your university's handbook, website or learning management system (LMS).
The University of South Australia (UniSA) is ranked as one of the best young universities in the world, and is the number one university in Australia for graduate employability. UniSA offers over 200 world-class degrees that are informed by industry and delivered with a highly practical approach to teaching and learning, and is a valuable partner with Open Universities Australia.
Learn more about UniSA.
Explore UniSA courses.
- QS Ranking 2024:
- 21
- Times Higher Education Ranking 2024:
- 21
Entry requirements
No entry requirements
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.
Why study a single subject?
Bite sized study
Try studying a particular area to see if online study suits you, or upskill in just a few months with a single subject that you’re interested in.
Pursue a dream
With thousands of single subjects to choose from, you can find topics that get you on the path to your higher education goals fast.
Gain Uni credit
Most single subjects are part of a full degree. That means if you’re keen to keep learning, you can gain credit for the subjects you’ve successfully completed.
Single subject FAQs
Single subjects are the individual components that make up a degree. With Open Universities Australia, you’re able to study many of them as stand-alone subjects, including postgraduate single subjects, without having to commit to a degree.
Each of your subjects will be held over the course of a study term, and they’ll usually require 10 to 12 hours of study each week. Subjects are identified by a title and a code, for example, Developmental Psychology, PSY20007.
First, find the degree that you would like to study on our website.
If that degree allows entry via undergraduate subjects, there will be information about this under the Entry Requirements section. You will find a list of 2-4 open enrolment subjects you need to successfully complete to qualify for admission into that qualification.
Once you pass those subjects, you will satisfy the academic requirements for the degree, and you can apply for entry.
Our student advisors are here to help you take that next step, so don’t hesitate to reach out when you’re ready! We’ve also made it easier to figure out the right way to get started on our pathways page.
Our student advisors are more than happy to help you plan your online study. Get in touch with an advisor by:
You can pay up front with your credit card, or you may be eligible for a HELP loan from the Australian government depending on your citizenship status and where you’ll live during your studies.
For more information about how to pay for your studies visit our fees page or contact a student advisor.
When you’ve made your choice, click ‘Enrol now’ on the relevant course page and follow the prompts to begin your enrolment. We’ll ask you to supply some supporting documentation, including proof of your identity, your tax file number, and a unique student identifier (USI) during this process.
Your university will get in touch with you via email to confirm whether or not your application has been successful.
If you get stuck at any time, reach out to us and we’ll talk you through it.
You can also take a look at our online self-service enrolling instructions .
Close of enrolment times vary between universities and subjects. You can check the cut-off dates for upcoming study terms by visiting key dates.