FPC004 Insurance Advice

This subject focuses comprehensively on the personal and business risk insurance market in Australia. It examines the design and structure of a range of personal, business and general insurance products.

The subject is designed to build advice capability in risk management strategies for retail clients and small businesses.

For more information, please refer to the subject outline here.

  • Learning outcomes
    • On successful completion of this subject students should be able to:

      1. Identify, analyse and evaluate personal and small business risks
      2. Describe and differentiate the features of the various types of personal and business insurance products, including related policy documentation and taxation issues
      3. Develop and implement personal and small business risk management strategies using a range of general and life insurance policies
      4. Undertake your duties giving consideration to ethics and the legal and regulatory responsibilities owed by the planner and the planner’s organisation to the planner’s clients and other stakeholders
      5. Evaluate contemporary issues in insurance advice
  • Subject content
    • Topic Title
      Topic 1 Introduction to risk management
      Topic 2 Insurance and risk
      Topic 3 Regulation of the insurance industry
      Topic 4 Life insurance
      Topic 5 Taxation
      Topic 6 Insurance advice
      Topic 7 General insurance
      Topic 8 Mandated and health insurance
      Topic 9 Policy documentation and claims

  • Assessment
  • Prerequisites
  • Equivalent and Incompatible subjects
    • None

  • Reading list
    • Prescribed Text 

      There is no prescribed text for this subject. Students will be provided with key readings and access to Kaplan Professional’s online databases. Students are encouraged to research and read widely on the topic.