The Risk Management and the Transfer to the Insurance Market

Abstract

The present work aims to investigate the issue of crisis management with the purpose of providing methods and techniques to face and reduce the economic impact of adverse events. The assessment and measurement of risks entity is an essential step to make correct decisions about counter-measures. Itś generally recognized that the extent of the risk depends on the frequency of occurrence and severity of the consequences that the event could turn up. The combination of the two variables produces the enhancement of the extent of the loss and, as a result, the quantification of the possible financial exposure. The management of a risk cannot be lim-ited to its identification and measurement, but also concerns its treatment; the reference to the concept of insurability sets out methodologies and techniques to take on negative occurrences with the least amount of dam-age, fastness and effectiveness. The multiplication of security issues re-quires countries to focus on both the containment of the risk (by appropri-ate analysis and progressive improvement of systems and security proce-dures), and the financial management of the exposure (through more effi-cient scheduling of resources allocated to the shell risk).