Study-Unit Description

Study-Unit Description


CODE INS4181

 
TITLE Financial Planning

 
LEVEL 04 - Years 4, 5 in Modular UG or PG Cert Course

 
ECTS CREDITS 4

 
DEPARTMENT Insurance

 
DESCRIPTION The purpose of this study-unit is to give students a good background on the different set-ups of Insurance Marketing and Sales. It will touch up on Insurance and Banking Products and the benefits therein with an outlook at the Life Cycle Model.

It will then go into areas such as Insurance and Investment Advice, Individual Portfolios, Insurance Company Portfolios, Asset and Liability Management and Portfolio Management in Insurance (touching upon the various Management of Key Risks).

Study-unit Aims:

This study-unit aims to give students a good background on the different set-ups of Insurance Marketing and Sales, Insurance and Banking Products and the Life Cycle Model in general.

The study-unit also aims to prepare students for Insurance and Investment Advice on these products and services and the construction of Individual Portfolios, and Insurance Company Portfolios.

Moreover, it aims to give the student a good background in Asset and Liability Management and Portfolio Management in Insurance (touching upon the various Management of Key Risks).

Learning Outcomes:

1. Knowledge & Understanding:

By the end of the study-unit the student will be able to:
- Identify the different models of Insurance set-ups with their advantages and disadvantages and comprehend the concept of portfolio construction and management;
- Give advice to clients on the various services and products offered by insurance firms and banks through Bancassurance.

2. Skills:

By the end of the study-unit the student will be able to:
- Distinguish between different insurance set-ups;
- Provide insurance and investment advice;
- Build a basic investment portfolio for individuals with different needs;
- Build an insurance investment portfolio;
- Write Asset and Liability Management and Investment Policies and Procedures for the firm.

Main Text/s and any supplementary readings:

There is no main text assigned, However notes and reading material will be provided.

 
STUDY-UNIT TYPE Lecture and Tutorial

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Resit Availability Weighting
Examination (2 Hours) SEM2 Yes 100%
Important - Due to the COVID19 Pandemic the information regarding the method of assessment indicated above may have been changed. Further details have been provided by your F/I/C/S.

 
LECTURER/S Pauline Azzopardi

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the study-unit description above applies to the academic year 2019/0, if study-unit is available during this academic year, and may be subject to change in subsequent years.

https://www.um.edu.mt/course/studyunit