Personal Risk Management And Insurance

Workbook to accompany text, Personal Risk Management and Property-Liability Insurance

For undergraduate courses in Risk Management and Insurance. This Global Edition has been edited to include enhancements making it more relevant to students outside the United States Complete and current coverage of major risk management and insurance topics. Principles of Risk Management and Insurance is the market-leading text for this course, ideal for undergraduate courses and students from a mix of academic majors. Focusing primarily on the consumers of insurance, this text blends basic risk management and insurance principles with consumer considerations.

For undergraduate courses in risk managementand insurance. Principles and practices: Managing risk withconsumer considerations Redja’s Principles of RiskManagement and Insurance provides an in-depth examination of majorrisk themes. Using rich and up-to-date content on the basic concepts of riskand insurance, and introductory and advanced topics in traditional andenterprise risk management, the text is relevant to a wide number ofdisciplines in the business realm. Fully updated and revised, the 14thEdition covers global topics ranging from natural disasters andterrorism, to domestic issues like the ever-evolving Affordable CareAct and healthcare reform. Principles sets itselfapart by placing primary emphasis on insurance consumers and blends basic riskmanagement and insurance principles with consumer considerations, allowingstudents to apply basic concepts to their own personal risk management andinsurance programs.

Do you want to show your students how risk management and insurance will he important in their business and personal lives? "Introduction to Risk Management and Insurance," Seventh Edition covers financial planning, risk management, and insurance in ways that illustrate how expertise in these fields can be used to solve "real problems." Written from managerial, consumer, and societal points of view, this insurance primer deals with both business and consumer issues to give students broad coverage of a variety of topics. Expanded coverage of current topics now includes: The Financial Services Modernization Act of 1999, known as the Gramm-Leach-Bliley Act. Financial risk management techniques being used as substitutes for commercial insurance. The problems facing the US. social security system. The continuing difficulties facing the U.S. health care delivery program, including coverage of the Healthcare Bill of Rights and Patient Rights. The potential for private insurance in Eastern Europe. The impact and implications of the Internet.

"All activities involve risks from a wide variety of sources (management errors, financial uncertainty, legal liabilities, project failures, human errors, accidents, natural disasters, etc.). Risk management is the process of identifying, assessing and controlling threats to an organization. Risk management, also considered as uncertainty management, allows organizations to attempt to prepare for the unexpected by minimizing risks and extra costs before they happen. ISO 31000 recommends that risk management be part of the organization's structure, processes, objectives, strategy and activities. This standard places a greater focus on creating value as the key driver of risk management and features other related principles such as continual improvement, the inclusion of stakeholders, being customized to the organization and consideration of human and cultural factors. It is a model that regularly exchanges feedback with its external environment in order to fit a wider range of needs and contexts. This book gathers contributions of several authors worldwide which cover several aspects related to risk management, including the application of risk management in specific sectors"--

This consumer-oriented textbook addresses the principles of risk management without skimping on the discussion of insurance. It summarizes the nature of pure risk on the individual and on society and illustrates how insurance can be used to deal with the problems posed by such risk. Mirroring the diverse experience of its authors, the text is equally effective in presenting the principles of insurance theory and offering how-to advice to students. The traditional fields of life insurance, health insurance, property and liability insurance, and social insurance are treated in terms of their relationship to the wide range of insurable risks to which the individual and the business firm are exposed.· The Problem Of Risk· Introduction To Risk Management· The Insurance Device· Risk Management Applications· The Private Insurance Industry· Regulation Of The Insurance Industry· Functions Of Insurers· Financial Aspects Of Insurer Operations· The Legal Framework· Managing Personal Risks· Social Insurance Programs· Introduction To Life Insurance· The Actuarial Basis Of Life Insurance· The Life Insurance Contract-General Provisions· The Life Insurance Contract-Other Provisions· Special Life Insurance Forms· Buying Life Insurance· Annuities And Pension Benefits· Managing The Retirement Risk· Health Insurance: Disability Income Insurance· Health Insurance: Coverage For Medical Expenses· Health Insurance For The Elderly· Employee Benefits And Other Business Uses Of Life And Health Insurance· The Homeowners Policy · General Provisions· The Homeowners Policy Forms· Other Personal Forms Of Property Insurance· Negligence And Legal Liability· General Liability Insurance For The Individual· The Automobile And Its Legal Environment· The Personal Auto Policy· Commercial Property Insurance· Commercial Liability Insurance· Surety Bond And Credit Insurance· Insurance In The Future