Using the Risk Management Approach for Personal Lines Accounts

Overview

Risk management principles used in business can also apply to personal loss exposures faced by individuals and families. Insurance producers should help clients manage these risks, using insurance as a tool within a broader risk management program. This approach is known as “personal risk management.”

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Objectives

  • Describe the risk management objectives that individuals and families may face and explain factors affecting various clients' objectives
  • Apply the steps in the management process to personal lines accounts
  • Identify clients' exposures that personal auto policies and homeowners endorsements can address
  • Provide personal lines clients with valid, relevant, and practical tips to reduce the frequency and/or severity of auto and homeowners losses

Designed For:

Property and casualty insurance professionals in all stages of their career


International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.