Year of Study:	2 - 4
Credit Units:	3
Duration:	45hours
Prerequisites:	Nil

This module explores the role of insurance in risk management in an international context. Topics include: concepts and principles of risk management and insurance; insurance industry environment; international regulatory framework of insurance; functions of insurance companies; types of insurance products; administration in insurance companies; and overseas and China market development.

Upon completion of this module, students should be able to:

1. describe the concepts and principles of insurance;


2. identify and analyse various administrative, regulatory and ethical insurance practice;


3. understand the features of different types of insurance;


4. demonstrate knowledge of underwriting and claim procedures; and


5. show an understanding of the international market development.