Program Overview

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Bachelor of Business (Insurance)

Introduction

The Bachelor of Business (Insurance) is a comprehensive program designed to provide students with a thorough understanding of the insurance industry. This program includes the following awards: Bachelor of Business (Insurance).

Joint Studies

A joint study is a prescribed set of subjects taken from a discipline other than Accounting or Business. Students are able to use the title of the joint study in conjunction with Bachelor of Business (Insurance). The available joint study options include:

• Accounting
• Banking
• Economics
• Finance
• Financial Planning
• Human Resource Management
• Industrial Relations
• Information Systems
• International Business and Culture
• Legal Studies
• Management
• Marketing
• Marketing Communication & Digital Media
• Online Business Technologies

Course Study Modes and Locations

The Bachelor of Business (Insurance) is available in Distance Education mode at the Bathurst location. Availability is subject to change, and students are advised to verify prior to enrolment.

Normal Course Duration

The normal course duration for the Bachelor of Business (Insurance) is:

• Full-time: 3 years (6.0 sessions)
• Part-time: 6.0 years (12.0 sessions)

Admission Criteria

The admission criteria for the Bachelor of Business (Insurance) include:

• Standard CSU and UAC admission requirements for undergraduate courses
• Admission to this specialization is open to ANZIIF members who have completed an ANZIIF Diploma insurance qualification

Credit

The Faculty has a large number of standard credit packages for TAFE and other institutions.

Graduation Requirements

To graduate, students must satisfactorily complete 192 points.

Course Structure

The course structure includes:

Core

• ECO130 Business Economics
• MGT100 Organisations & Management
• MGT230 Ethics, Sustainability & Culture
• ACC100 Accounting 1
• ACC110 Accounting 2
• LAW110 Business Law
• QBM117 Business Statistics
• INS101 Insurance Foundations
• INS102 Introduction to Insurance Classes and Products
• INS201 Policy and Claims Handling
• INS202 Introduction to Underwriting
• INS203 Insurance Law and Regulation I
• INS204 Insurance Law and Regulation II Plus two (2) from the following six (6) subjects, each of which relates to a particular class of insurance:
• INS301 Liability Underwriting Management
• INS302 Personal Lines Underwriting Management
• INS303 Commercial Lines Underwriting Management A
• INS304 Commercial Lines Underwriting Management B
• INS305 Marine Underwriting Management
• INS306 Statutory Classes Underwriting Management Plus two (2) from the following six (6) subjects, each of which relates to a particular class of insurance:
• INS311 Liability Claims Management
• INS312 Personal Lines Claims Management
• INS313 Commercial Lines Claims Management A
• INS314 Commercial Lines Claims Management B
• INS315 Marine Claims Management
• INS316 Statutory Classes Claims Management

Restricted Electives

Students must complete one (1) Restricted Electives from the following Level 3 capstone units:

• ACC311 Strategic & Sustainable Accounting
• FIN350 Strategic Financial Management
• HRM330 Strategic Human Resource Management
• MGT330 Business Strategy
• MKT340 Strategic Marketing Management

Electives

Students must choose six (6) electives either by:

• completing a Joint Study in another discipline area, which will be included on the testamur, and adding the number of electives needed to bring the total number of subjects to 24
• selecting six (6) electives Note that at least 3 electives must be Business or Business related subjects.

Joint Studies

A joint study is a prescribed set of subjects taken from a discipline other than the chosen specialization. The available joint studies include:

Accounting Joint Study

• ACC100 Accounting 1
• Plus four subjects from the list below, at least one of which should be at level 3:
  • ACC200 Accounting Systems
  • ACC210 Management Accounting
  • ACC222 External Reporting
  • ACC311 Strategic and Sustainable Accounting
  • ACC322 Company Accounting

Banking Joint Study

• FIN211 Financial Management
• FIN230 Financial Institutions and Markets
• FIN310 Commercial Banking & Finance
• FIN320 Financial Institutions Lending
• LAW330 Finance Law

Economics Joint Study

• Five subjects from the list below, one of which must be at level 3:
  • ECO130 Business Economics
  • ECO210 Labour Economics
  • ECO215 Managerial Economics for Business Strategy
  • ECO220 Macroeconomic Analysis
  • ECO320 International Economics
  • ECO356 Environmental Economics
  • AGB110 Agricultural Economics (From Faculty of Science)

Finance Joint Study

• FIN211 Financial Management
• FIN221 Investments
• FIN230 Financial Institutions & Markets
• Plus two subjects from the list below:
  • FIN331 Financial Planning
  • FIN340 International Finance
  • FIN350 Strategic Financial Management
  • FIN360 Treasury Risk Management
  • FIN370 Funds Management

Financial Planning Joint Study

• FIN211 Financial Management
• FIN221 Investments
• FIN331 Financial Planning
• FIN380 Superannuation
• LAW301 Taxation Law (Principles)

Human Resource Management Joint Study

• HRM210 Human Resource Management
• HRM330 Strategic Human Resource Management
• Plus three subjects from the list below:
  • ECO210 Labour Economics
  • HRM310 Developing Human Resources
  • HRM320 Issues in Human Resource Management
  • INR310 Comparative Industrial Regulations
  • LAW370 Law of Employment
  • MGT210 Organisational Behaviour
  • MGT340 International Management

Industrial Relations Joint Study

• LAW110 Business Law
• INR210 Industrial Relations in Australia
• Plus three subjects from the list below, at least one of which should be at level 3:
  • LAW240 Industrial Law
  • INR310 Comparative Industrial Relations
  • ECO210 Labour Economics
  • HRM210 Human Resource Management
  • LAW260 Administrative Law
  • LAW370 Law of Employment
  • MGT320 Managing Change

Information Systems Joint Study

• ITC114 Database Management Systems
• ITC211 Systems Analysis
• Plus three subjects from the list below, one of which must be at level 3 and only one may be at level 1:
  • ITC105 Communication and Information Management
  • ITC106 Programming Principles
  • ITC161 Computer Systems
  • ITC204 Human Computer Interaction
  • ITC206 Programming in Java 1
  • ITC240 IT Infrastructure Management
  • ITC212 Internet Technologies
  • ITC218 IT Project Management
  • ITC331 Ethics and Professional Practice

International Business & Culture Joint Study

• MGT250 Asia-Pacific Business
• MGT340 International Management
• Plus three subjects from the list below:
  • ECO320 International Economics
  • FIN340 International Finance
  • INR310 Comparative Industrial Relations
  • MKT260 International Marketing
  • BUS201 International Project
  • POL111 International Relations (From Faculty of Arts & Education)

Legal Studies Joint Study

• LAW110 Business Law
• Plus four subjects from the list below, at least one of which should be at level 3:
  • LAW200 Commercial Activities: Law & Policy
  • LAW220 Business Organisations Law
  • LAW240 Industrial Law
  • LAW260 Administrative Law
  • LAW301 Taxation Law (Principles)
  • LAW302 Taxation Law (Issues)
  • LAW330 Finance Law
  • LAW370 Law of Employment

Management Joint Study

• MGT330 Business Strategy
• Plus four subjects from the following:
  • MGT210 Organisational Behaviour
  • MGT290 Project Management
  • MGT245 Managing Yourself & Others
  • MGT310 Service Operations Management
  • MGT320 Managing Change
  • MGT340 International Business Management
  • MGT367 Leadership Issues

Marketing Joint Study

• MKT110 Marketing & Society
• MKT220 Consumer Behaviour
• Plus three subjects from the list below, at least one of which should be at level 3:
  • MKT230 Market Research
  • MKT240 Market Analysis and Analytics
  • MKT235 Brand Management
  • MKT260 International Marketing
  • MKT303 Social and Environmental Marketing
  • MKT310 Integrated Marketing Communications
  • MKT335 Marketing of Services
  • MKT340 Strategic Marketing Management
  • MKT350 Product Innovation Management

Marketing, Communication & Digital Media Joint Study

• COM112 Digital Media
• MKT310 Integrated Marketing Communications
• Plus three subjects from the list below, at least one of which should be at level 2:
  • MKT110 Marketing & Society
  • COM116 What is Public Relations?
  • CCI100 Introduction to Media Production
  • COM222 Public Relations Tactics
  • COM219 Media, Communication & Globalisation
  • JRN101 Newsgathering and Writing
  • ADV206 Channel Planning

Online Business Technologies Joint Study

• ITC212 Internet Technologies
• Plus four subjects from the list below, at least one of which should be at level 3:
  • ITC114 Database Management Systems
  • ITC106 Programming Principles
  • ITC105 Communication and Information Management
  • MGT220 eCommerce
  • ITC331 Ethics and Professional Practice
  • ITC314 Virtualisation Technologies

Enrolment Pattern

The enrolment pattern for the Bachelor of Business (Insurance) is as follows:

Year 1

• Session 1:
  • ACC100 Accounting 1
  • MGT100 Organisations & Management
• Session 2:
  • ACC110 Accounting 2
  • ECO130 Business Economics

Year 2

• Session 3:
  • MGT230 Ethics, Sustainability & Culture
  • QBM117 Business Statistics
• Session 4:
  • Elective (suggestion for Finance joint study FIN230 Financial Institutions and Markets)
  • Elective (suggestion for Finance joint study FIN211 Financial Management)

Year 3

• Session 5:
  • Elective (suggestion for Finance joint study FIN221 Investments)
  • Elective (suggestion for Finance joint study FIN230 Financial Institutions and Markets)
• Session 6:
  • LAW110 Business Law
  • Elective (suggestion for Finance joint study FIN331 Financial Planning or FIN350 Strategic Financial Management or FIN360 Treasury Risk Management)
• Session 7:
  • Elective (suggestion for Finance joint study FIN340 International Finance or FIN370 Funds Management)
  • Restricted Elective

Workplace Learning

The following subjects may contain a Workplace Learning component:

• BUS110 Workplace Learning 1
• BUS220 Workplace Learning 2
• BUS370 Workplace Learning 3
• COM223 Communication Management

Accreditation

The Bachelor of Business (Insurance) is accredited by the Australian New Zealand Institute of Insurance and Finance (ANZIIF). The completion of the following 5 subjects meets the Australian Security and Investments Commission's (ASIC) training requirements in relation to Regulatory Guide 146 Licensing: Training of financial product advisers (RG146) in skills, general knowledge and the eight (8) listed specialist knowledge areas:

1. FIN221 Investments
2. FIN230 Financial Institutions and Markets
3. FIN331 Financial Planning
4. FIN340 International Finance
5. FIN211 Financial Management The listed specialist areas mapped to subjects are:

• Skills - FIN221, FIN331
• Generic Knowledge - FIN230
• Financial Planning - FIN230, FIN221, FIN331, FIN211
• Securities - FIN230, FIN221, FIN211
• Derivatives - FIN230, FIN221, FIN331
• Managed Funds - FIN230, FIN221, FIN331, FIN211
• Superannuation - FIN331
• Insurance - FIN331
• Deposit Products - FIN221, FIN331, FIN211
• Foreign Exchange - FIN221, FIN331, FIN340 Graduates meet the requirements for Tier 1 registration under RG146.