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Identify Situations Requiring Complex Ethical Decision Making

• Risk managers in the insurance industry work for managing the risk situation in the industry. Good risk management is needed for good ethics and good ethics requires good risk management (Adeyele & Maiturare, 2012). For an organization, ethical conduct is necessary to manage the risk so everyone who is presenting the organization must practice good ethics.

Actuaries in the financial and insurance services industry help in the calculation of the risk which is presented by the policyholders. Ethical conduct is important because if it is not present then there will be a conflict of interest that may arise (Hossain, Sobhani, Omar, Mohamad & Said, 2019)

The chief financial officer is the person who manages all the work of the company and from his part ethical considerations need to be done because to gain public trust in the financial and investment profession ethics are ....