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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.

This subject covers basic practical and personal skills necessary to establish and maintain client relationships.

For more information, please refer to the subject outline below:

  • Learning outcomes

    • At the 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 you and your organisation to your 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
  • Face-to-face lectures and workshops

    • Prefer to attend face-to-face classes?

      Take advantage of the benefits of blended learning by attending weekly face-to-face lectures or a series of three intensive workshops.*

       

      Weekly lectures

      A series of lectures will be conducted over the study period for subjects FPC001 Economic, Legal and Ethical Context for Financial Planning, FPC002 Applied Financial Planning, FPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice. Face-to-face lectures will be progressively rolled out for further subjects throughout 2018. Each two-hour lecture will focus on specific topics, giving you the flexibility to pick and choose which lectures to attend. Weekly lectures will be held at a central Sydney CBD location and will also be live streamed online via webinar if you are located in another city or unable to attend in person. Recorded versions of each webinar will also be made available.

       

      Intensive workshops

      A series of three intensive workshops will be offered throughout the study period for subjects FPC001 Economic, Legal and Ethical Context for Financial Planning, FPC002 Applied Financial Planning, FPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice. Intensive workshops will be progressively rolled out for further subjects throughout 2018. Each full-day workshop will be offered from central Sydney, Melbourne and Brisbane CBD locations and will cover multiple topics.

       

      Lectures and workshops are hosted by a leading industry practitioner and will complement online study materials by focusing on key concepts using practical examples. Not only will this provide you with practical application of theory and knowledge, you’ll also have the opportunity to interact with other individuals in your cohort to discuss current and topical affairs.

       

      Expect to benefit from:

      • A practical understating of each topic  
      • Clarification on any challenges you may be having with a particular topic  
      • Asking questions about upcoming exams and assignments

      You can register for lectures or intensive workshops at no additional charge, once successfully enrolled in subjects FPC001 Economic, Legal and Ethical Context for Financial Planning, FPC002 Applied Financial Planning, FPC003 Superannuation and Retirement Advice or FPC004 Insurance Advice.

       

      * Face-to-face lectures and workshops are offered for subjects FPC001, FPC002, FPC003 and FPC004 only. Weekly face-to-face lectures are offered in Sydney CBD only. Lectures and workshops are offered for Study Period 3 2018 and are subject to change for the remainder of 2018. Attendance is not compulsory.

  • Assessment
  • Prerequisites
  • Reading list

    • Prescribed Text Prior to Study Period 4, 2018

      • Teale, J, 2016, Insurance and Risk Management, 3rd edn, Wiley, Sydney.

      Retailers of educational books include Co-op Bookshop and Boffins Bookshop. Texts can also be borrowed from the Kaplan library or other libraries. Details of required and further readings are provided in the subject room. Purchase of any text other than a prescribed text is not required.

      As of Study Period 4, 2018 onwards there is no prescribed text for this subject. Students will be provided with key readings and access to Kaplan’s online databases. Students are encouraged to research and read widely on the topic.