Insurance and Risk Management 3rd Edition Solutions

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As this title indicates this book is about risk management and about insurance and provides an essential resource for all those involved in delivering high-quality advise about protecting assets which includes both personal and property of all Australians their families and businesses. Financial planning involves more than just solving accumulation of capital problems. It has evolved to include advising on strategies to protect assets against catastrophic events should they happen and reducing their financial impact. This book introduces the risk management process and shows how insurance fits into the process. It also outlines how the process is applied to small business personal property and personal financial protectionthat is the book focuses on the practical application of the techniques.Financial planning exists in a dynamic environment where legislative change is the only constant. From the introduction of the new Corporations Act (2001) the FOFA legislation and the new education requirements adopted by the Turnbull government signals the government's expectations of higher professional and ethical standards of financial planners.The third edition goes a long way in meeting these increased expectations as it includes new legislative reforms as well as the reforms contained in the Insurance Contracts Amendment Act (2013) (the Act). This Act introduces changes such as to: the duty of disclosure subrogation misstatement of age the removal of unfair terms in insurance contracts and much more. It also includes the FOFA reforms and advice to financial planners conducting due diligence. Many sections have been updated and additional cases and illustrated examples added. The sections in the 2nd edition referring the New Zealand has been removed to avoid confusion with the Australian insurance scene.Features and benefitsInsurance and Risk Management is the only Australian text book that focuses exclusively on the Australian Insurance Contracts Act (1984) Australian regulatory environment Australian insurance environment Australian insurance policies and as such is an invaluable resource for Australian students and professionals. It:includes all the material that is required to be covered for graduates to gain entry in the Financial Planning Association of Australiameets the education content requirements for the proposed legislation to raise the professional standards of financial plannersprovides a practical explanation of risk management and its applicationexplains complicated and technical general and life insurance concepts in plain Englishoutlines how the general and life insurance industries operate in Australiaprovides practical instruction that will enhance the financial planning and insurance curriculums andempowers readers to present life and general insurance risk management solutions in an authoritive and professional manner.Read more