Topic(s)

• Risk management
• Natural disasters
• Sustainability
• Insurance industry

Case Study(ies)

CGU & NRMA Insurance – Insurance and weather in Australia

Suggested student activities

Extension Activities

Read ‘CGU & NRMA Insurance – Insurance and weather in Australia’ Case Study and answer the following questions:

• Why is risk management important?
• What is ‘price signal’?
• Identify at least three ways extreme weather events have a significant impact on the insurance industry?
• What is meant by ‘ethnographic research’?
• Why is it important to make Australian communities more resilient to natural disasters?
• What is the most effective way to safeguard against floods?
• Define ‘underwriting’.

·         Research flood zones in your local area or any city in Australia/New Zealand. Present a map highlighting flood prone areas.

·         Prepare a chart or diagram showing ways to protect your house against bushfires.

 Links

http://www.nrma.com.au

http://www.cgu.com.au/