LIMITATIONS

Predictive capacity

Personal risk

PERSONAL RISK

MANAGEMENT

Usually

management of risk is

made to property or

business but not for

individual. Risk

management may be

very useful for personal

situation

Factors promoting change An increase awareness of the

importance of truly professional client service rather the pure sales

The growing AIDS problem which is of such proportions that is needs to be managed rather than just insured against

Increased acceptance of social responsibilities towards individuals and groups of individuals on the part of business and society as a whole

Ongoing pressures on business to produce bottom line profits and hence to manage cost and productivity in the work place

The ongoing increases in the medical costs and the growth of the health insurance market

Improved knowledge on medicine and preventive health treatment and health management

Increase investment uncertainty in the fast changing and complex environment

Who is responsible?

Personal attitude of risk

Each individual has a different attitude

towards risk.

Four main fields of personal risk

management

Investment we make

Business environment

Impact of death and

disability

Health risk