Essay 200272: Insurance Advising – Risk Concepts, Classifications, Rules and Methods of Handling Risk – Business Assignment Help

Assignment Task:

Overview
The individual written task addresses and assesses key learning outcomes as follows:
1. Describe how the various risk concepts, classifications, rules and methods of handling risk are integrated into the overall risk management process.
2. Demonstrate a comprehensive understanding of the Australian regulatory environment in which risk management advice and insurance products are provided.
3. Understand the fact-finding process and how to prepare a needs analysis to provide resulting insurance recommendations
4. Critically assess the risk management and insurance needs of individuals and small business
5. Describe the different types of life, general and other insurance products and their application to real world consumers and small business

Task Requirement
Students are required to read and analyse a case study for potential clients. Based on the information outlined in the case study, students are required to identify and discuss the risks that the clients face to achieving their stated financial goals. This discussion should include an attempt to quantify the risk exposure and also explore the different options for managing each risk.

Students are also required to make recommendations on how they would advise the client to manage each of the risks they identify.

Your analysis should be presented to the client in the form of a “Discussion Paper” and should include the following sections:

• Cover Letter
• Cover Page
• Executive Summary
• Table of Contents
• Basis for Your Advice
• Your Advice
• Other important information