The perceptual aspects of personal risk management.
The objective of this study is to explore the individual person’s perception and management of risk associated with his home and car. Also, the study looks into the various factors that affects a person’s perception of risks and how a person’s perception can affect his attitude towards risk manageme...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/51899 |
| _version_ | 1811694408230240256 |
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| author | Chua, Siew Suan. Kwek, Li Nor. Yee, Lai Ching. |
| author2 | Nanyang Business School |
| author_facet | Nanyang Business School Chua, Siew Suan. Kwek, Li Nor. Yee, Lai Ching. |
| author_sort | Chua, Siew Suan. |
| collection | NTU |
| description | The objective of this study is to explore the individual person’s perception and management of risk associated with his home and car. Also, the study looks into the various factors that affects a person’s perception of risks and how a person’s perception can affect his attitude towards risk management.
To achieve the stated objectives, a survey in the form of two questionnaires were administered to find out how the public perceives the risks associated with their homes and private cars. The survey was based on a sample size of private car owners and houseowners in Singapore. From the survey, it was found that the public has generally underestimated risks associated with their homes and cars. Also, results show that gender is a factor that affects one’s perception of car risks. Besides that, factors that affect one’s perception of home risks include age of respondent, household income and housing types. In addition, the purchase of home insurance is affected by one’s perception.
One important limitation of this study is the small sample size of the survey. Based on that, the responses solicited from the sample size and the results drawn from it may not be representative of the public.
Based on the findings from the survey, we would recommend public education to be the main tool to narrow the gap between actual figure and personal perception. This is to enable the public to understand the actual loss situation so that they will correct their perception of risk and manage their risks more effectively. |
| first_indexed | 2024-10-01T07:07:06Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/51899 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T07:07:06Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | ntu-10356/518992023-05-19T06:16:12Z The perceptual aspects of personal risk management. Chua, Siew Suan. Kwek, Li Nor. Yee, Lai Ching. Nanyang Business School Brian Lawrence DRNTU::Business::Finance::Risk management The objective of this study is to explore the individual person’s perception and management of risk associated with his home and car. Also, the study looks into the various factors that affects a person’s perception of risks and how a person’s perception can affect his attitude towards risk management. To achieve the stated objectives, a survey in the form of two questionnaires were administered to find out how the public perceives the risks associated with their homes and private cars. The survey was based on a sample size of private car owners and houseowners in Singapore. From the survey, it was found that the public has generally underestimated risks associated with their homes and cars. Also, results show that gender is a factor that affects one’s perception of car risks. Besides that, factors that affect one’s perception of home risks include age of respondent, household income and housing types. In addition, the purchase of home insurance is affected by one’s perception. One important limitation of this study is the small sample size of the survey. Based on that, the responses solicited from the sample size and the results drawn from it may not be representative of the public. Based on the findings from the survey, we would recommend public education to be the main tool to narrow the gap between actual figure and personal perception. This is to enable the public to understand the actual loss situation so that they will correct their perception of risk and manage their risks more effectively. BUSINESS 2013-04-15T07:33:03Z 2013-04-15T07:33:03Z 1996 1996 Final Year Project (FYP) http://hdl.handle.net/10356/51899 en Nanyang Technological University 201 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Risk management Chua, Siew Suan. Kwek, Li Nor. Yee, Lai Ching. The perceptual aspects of personal risk management. |
| title | The perceptual aspects of personal risk management. |
| title_full | The perceptual aspects of personal risk management. |
| title_fullStr | The perceptual aspects of personal risk management. |
| title_full_unstemmed | The perceptual aspects of personal risk management. |
| title_short | The perceptual aspects of personal risk management. |
| title_sort | perceptual aspects of personal risk management |
| topic | DRNTU::Business::Finance::Risk management |
| url | http://hdl.handle.net/10356/51899 |
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