The business of risk management

This Case Study will profile how the Insurance Australia Group (IAG) has established four principles that provide the basis for a successful, sustainable business and benefits to the wider society. As a result of reading this Case Study, the student should be able to:

• Understand the issue of sustainability as a key objective of business
• Establish the relationship between sustainability and social responsibility
• Identify strategies and processes to manage a socially responsible, sustainable business.

Introduction

How much do you know about insurance? Insurance is a financial safeguard against the unexpected.

The basics of insurance and risk management

The easiest way to understand the basic elements of insurance and risk management is to look at a particular area of insurance.

Socially responsible management at IAG

IAG has developed a socially responsible business around the four principles identified.

Conclusion

Insurance Australia Group Limited is a successful Australasian public company.

Introduction

The basics of insurance and risk management

Socially responsible management at IAG

Conclusion