■ More engaged and educated customers who can better manage risk will lead to fewer claims.

■ A better understanding of risk and the part that insurance plays in safe-guarding a customer’s property, health and livelihood will lead to the increased uptake of insurance products.

■ A more financially literate public with better risk management practices will aid in community resilience and recovery in the event of natural disasters and reduce the burden on insurance companies.

■ A not-for-profit community benefit program improves the image of the insurance industry with the public.

■ The neutrality and reputation of ANZIIF allows Know Risk to increase public education and reduce claims rates without the suspicion of ulterior sales motives that individual companies face.

HOW DOES KNOW RISK BENEFIT THE INDUSTRY?

CORPORATE SPONSORSHIPTo support the Know Risk network and contribute to community and industry, contact David Hargreaves on +61 3 9613 7200 or New Zealand freecall 0800 103 675.