SESC9291 — Risk Treatment

COURSE COORDINATION

Coordinator :	Dr Daniela Leonte [Bio]
Contact Details :	Tel : (+612)938-54744   •   Fax : (+612)938-56190   •   Email : d.leonte@unsw.edu.au

DELIVERY DETAILS		[ Current Schedules and Locations ]

Mode	Session	Type
On campus	1	Session

COURSE DETAILS
Units of Credit :	6
Assumed Knowledge :	SESC9211 - Risk Management
Description: :	This course examines the treatment and financing of organisational, industrial and personal risks based upon a format following the Australian Standard for Risk Management (AS/NZ 4360). It focuses on the application of various risk treatment concepts to reduce the frequency and severity of risks identified, analysed and assessed using the Standard or other similar methods. The course also introduces the student to the range of risk financing options including the application of commercial insurance and self-insuring options. Risk Treatment offers an introduction to the insurance markets, significant market participants and the range of commercial market products as well as the application of various classes of commercial insurance. The course will introduce the student to risk treatment theory and up-to-date application and will ensure a familiarity with insurance terminology and concepts. A case study format will be used to introduce concepts, which will assist current and future risk practitioners to treat identified risks effectively and efficiently, and use cost-effective mechanisms of risk financing in public, commercial and personal risk contexts.
Objectives: :	Understand a wide range of risk financing and commercial insurance terms and concepts. Critically apply a risk treatment framework to identified risks in public and private organizations. Identify and select from a wide range of risk treatment options in both business and personal contexts. Ability to develop and a comprehensive risk financing program for an organisation. Identify and apply the skill sets needed to comprehensively treat a wide range of risks in a corporate environment. Develop programs to effectively monitor the effectiveness of risk treatment programs.
Reading: :	Class notes and readings are provided. You can also download the Risk Management Lexicon in PDF format (293Kb).

ASSESSMENT
Details Due Date Weight Quiz on Topics 1 to 3 00/00/2006 25% Quiz on Topics 4 to 6 00/00/2006 25% Final Exam Topics 7 to 14 00/00/2006 50%

COURSE SCHEDULE
Weeks: 1 :	General Review of Risk Management Concepts
Weeks: 2 :	Applied Risk Identification Techniques
Weeks: 3 :	Treatment of Property Risks
Weeks: 4 :	Property Risk Financing
Weeks: 5 :	Treatment of Liability Risks
Weeks: 6 :	Liability Risk Financing
Weeks: 7 :	Treatment of Personnel Risks
Weeks: 8 :	Personnel Risk Financing
Weeks: 9 :	Treatment of Net Income Risks
Weeks: 10 :	Net Income Risk Financing
Weeks: 11 :	Business Continuity Risk Treatment
Weeks: 12 :	Management Concepts for Risk Managers
Weeks: 13 :	Design of Risk Financing Programs
Weeks: 14 :	Enterprise Risk Management

LEARNING RESOURCES
The University of New South Wales provides a range of resources to help students develop their skills and to realise their full potential. The Learning Centre, located at the entrance to the Library provides guidance material, which is also available on-line.
	The University also provides academic orientation programs called MyStart and ReStart for both new and returning students to help them in their transitions into academia..