25829 Property Insurance
UTS: Business: Finance and EconomicsCredit points: 3 cp
Subject level: Postgraduate
Result Type: Grade and marksRequisite(s): 25825 Principles of Risk and Insurance AND 25826 Risk Management
These requisites may not apply to students in certain courses.
There are also course requisites for this subject. See access conditions.
Handbook description
This subject develops an understanding of the fundamental principles of property insurance, underwriting and claims management. It directs attention to contemporary risk exposure and the related property insurance portfolio management issues.
Subject objectives/outcomes
On completion of this subject, students should be able to:
- Understand property risk exposures
- Evaluate how to transfer risk exposures by way of the insurance mechanism
- Understand the property insurance underwriting process, claims management strategies
- Outline property insurance portfolio management issues and procedures
- Understand contemporary property insurance related issues and their management.
Contribution to graduate profile
This 3-credit-point postgraduate subject introduces students to the concept of the use of the insurance mechanism in the management of various personal and corporate property risk exposures. The subject outlines the property underwriting and claims management processes.
The subject directs attention to the contemporary property exposure trends and issues and the adequacy of insurance in the management of these exposures.
Teaching and learning strategies
The subject will be taught in a combined lecture/tutorial format with extensive use being made of Case Studies in the issue identification and management processes.
Content
- Basic property risk concepts
- Risk assessment, surveys and and asset protection
- The property underwriting process, techniques, trends and issues
- Specific property insurance assessment, policy wordings and claims management processes.
Assessment
Assessment item 1: Class Test (Individual)
| Objective(s): | 1, 2 |
| Weighting: | 25% |
| Task: | The class test is designed to assess students' understanding of the theories and concepts to demonstrate that students have met objective 1 and 2. |
Assessment item 2: Assignment (Individual)
| Objective(s): | 3, 4 |
| Weighting: | 25% |
| Task: | This will assess students' understanding of the concepts of property insurance in a practical case study. This assignment will allow students to demonstrate that they have met objective 3 and 4. |
Assessment item 3: Final Examination (Individual)
| Objective(s): | 1-5 |
| Weighting: | 50% |
| Task: | This exam will test students' understanding of the theory and their ability to apply the theory. This will enable students to demonstrate that they have met objectives 1 to 5. |
