Discover how crucial managing risk is to wealth creation, with Risk Management and Insurance.
In today’s commercial world, managing risk is vital. It enables greater business efficiency and reduces the probability of unfavourable outcomes. One method of managing risk is through the purchase of insurance policies to protect wealth. Insurance is also vital in any adequate financial plan, in the pursuit of personal wealth objectives.
In this unit you will explore the concept of risk, uncertainty, and risk management in a multi-faceted way, allowing you to understand the essential role it plays in the contemporary commercial landscape.
This unit will also explore case law, which acts as precedent for disputes between consumers and insurers, and examines insurance advice as a regulated, skilled vocation.
On successful completion of this unit, students will be able to:
Selected readings will be made available via the unit VU Collaborate site.
This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.