Insurance Regulation

Subject 730-870 (2009)

Note: This is an archived Handbook entry from 2009. Search for this in the current handbook

Credit Points:
Level: Graduate/Postgraduate
Dates & Locations: For information about these dates, click here.
Time Commitment: Contact Hours: 24 - 26 contact hours per subject.
Total Time Commitment: The time commitment for this subject depends on the candidates background and experience.
Prerequisites: N.A.
Corequisites: N.A.
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements: N.A.
Subject Overview:

Objectives:

A student who has successfully completed this subject should:

  • Understand the structure of the Australian insurance industry
  • Have a detailed knowledge of the way in which the conduct of insurance business in Australia is regulated
  • Understand the respective roles of ASIC and APRA in regulation
  • Develop an awareness of current issues in insurance regulation.

Syllabus:

Principal topics will include:

  • Overview of the Australian insurance sector
  • The regulatory framework Authorisation to conduct general insurance business
  • Prudential regulation
  • Management and governance of insurance companies
  • Dealing with customers and intermediaries
  • State and territory insurances and insurance regulation
  • Foreign insurers and insurance alternatives
  • Mergers, acquisitions and restructuring.
Assessment:
  • Seminar participation (15%)
  • Research paper 8,000 words (85%) (17 August) (topic approved by the subject coordinator)
Prescribed Texts: Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Please visit the subject homepage on the Melbourne Law Masters website by following the link at the bottom of this subject entry.
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills: Please see the Subject Objectives for this information.
Links to further information: 730-870Insurance RegulationMelbourne Law Masters, postgraduate law, post-graduate law, graduate law2009P

Objectives:

A student who has successfully completed this subject should:

  • Understand the structure of the Australian insurance industry
  • Have a detailed knowledge of the way in which the conduct of insurance business in Australia is regulated
  • Understand the respective roles of ASIC and APRA in regulation
  • Develop an awareness of current issues in insurance regulation.

Syllabus:

Principal topics will include:

  • Overview of the Australian insurance sector
  • The regulatory framework Authorisation to conduct general insurance business
  • Prudential regulation
  • Management and governance of insurance companies
  • Dealing with customers and intermediaries
  • State and territory insurances and insurance regulation
  • Foreign insurers and insurance alternatives
  • Mergers, acquisitions and restructuring.
  • Seminar participation (15%)
  • Research paper 8,000 words (85%) (17 August) (topic approved by the subject coordinator)
N.A. N.A.24 - 26 contact hours per subject.Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Please visit the subject homepage on the Melbourne Law Masters website by following the link at the bottom of this subject entry.Please see the Subject Objectives for this information.The time commitment for this subject depends on the candidates background and experience.N.A.Please see the subject homepage on the Melbourne Law Masters website for up to date timetable information.LawLawYNNNParkvillePARKVILLEFor the latest information on this subject, please visit: http://www.masters.law.unimelb.edu.au/subject/730870730-8702

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