Unlike basic personal finance books, this text dives deep into ERM. It teaches the "Canadian Specific" approach to risk identification, moving beyond simple hazard risks (fire, theft) to financial risks (interest rate fluctuations) and operational risks (employee fraud).
Measuring the frequency (how often it might happen) and severity (how much it will cost) of identified risks.
The structural differences between Preparing for professional risk designations (CRM or CIP)
The book provides a detailed survey of coverage options for individuals, including:
, serves as a foundational resource for understanding the Canadian insurance landscape. It is designed for students and professionals seeking a balanced introduction to identifying, analyzing, and managing risk exposures within the unique regulatory framework of Canada. Core Content & Structure
You can find the physical book or authorized digital version through Captus Press .
The 2nd edition dives into the "backdrop" of Canadian insurance law, which varies significantly by province and territory.
The risk landscape evolves rapidly due to technological advancements and global shifts. Modern professionals must adapt to several critical emerging trends.
The principle of indemnity ensures that an insured party is restored to the same financial position they were in prior to the loss—not to profit from it. Furthermore, to purchase a policy, the buyer must demonstrate an "insurable interest," meaning they would suffer a direct financial loss if the insured property or person were damaged. Utmost Good Faith ( Uberrimae Fidei )
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