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This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.
This unit explores the concept of risk and risk management with a particular focus on the role of insurance. The Australia general and life insurance markets are explored with particular attention to the structure of each, key participants and products, the legislative framework governing each industry, and taxation considerations of products. The unit is developed within the context of risk management as a key component of the financial planning process.
Students must pass 1 units from ECF1120
On completion of this unit students should be able to:
On-campus students attend a two hour weekly lecture. This is followed by a one hour tutorial which provides students with the opportunity to discuss critical aspects of the content in greater detail and, in the process, to further develop their oral communication skills. In addition, the assessment methods provide students with the opportunity to demonstrate their knowledge of the units content, their critical thinking abilities and their written communication skills. The principles discussed throughout the unit are applicable internationally as the approach to risk management is the same worldwide, albeit with a different cultural focus. This is demonstrated in lecturers and tutorial material by illustrating and comparing Australian with international compliance, solvency and market issue. Off-campus students are provided with an electronic version of the internal lecture and weekly tutorials. All materials are delivered to off-campus students via Blackboard.
GS1 GRADING SCHEMA 1 Used for standard coursework units
Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.
| Type | Description | Value |
|---|---|---|
| Examination | Mid-Semester Exam | 30% |
| Assignment | Assignment | 20% |
| Examination | Final Examination | 50% |
| Type | Description | Value |
|---|---|---|
| Assignment | Assignment 1 | 30% |
| Assignment | Assignment 2 | 20% |
| Examination | Final Examination | 50% |
^ Mandatory reference
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.
Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:
Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.
The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.
ECF3212|2|1
This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.
This unit explores the concept of risk and risk management with a particular focus on the role of insurance. The Australia general and life insurance markets are explored with particular attention to the structure of each, key participants and products, the legislative framework governing each industry, and taxation considerations of products. The unit is developed within the context of risk management as a key component of the financial planning process.
Students must pass 1 units from ECF1120
On completion of this unit students should be able to:
On-campus students attend a two hour weekly lecture. This is followed by a one hour tutorial which provides students with the opportunity to discuss critical aspects of the content in greater detail and, in the process, to further develop their oral communication skills. In addition, the assessment methods provide students with the opportunity to demonstrate their knowledge of the units content, their critical thinking abilities and their written communication skills. The principles discussed throughout the unit are applicable internationally as the approach to risk management is the same worldwide, albeit with a different cultural focus. This is demonstrated in lecturers and tutorial material by illustrating and comparing Australian with international compliance, solvency and market issue. Off-campus students are provided with an electronic version of the internal lecture and weekly tutorials. All materials are delivered to off-campus students via Blackboard.
GS1 GRADING SCHEMA 1 Used for standard coursework units
Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.
| Type | Description | Value |
|---|---|---|
| Examination | Mid-Semester Exam | 30% |
| Assignment | Assignment | 20% |
| Examination | Final Examination | 50% |
| Type | Description | Value |
|---|---|---|
| Assignment | Assignment 1 | 30% |
| Assignment | Assignment 2 | 20% |
| Examination | Final Examination | 50% |
^ Mandatory reference
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.
Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:
Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.
The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.
ECF3212|2|2