Risk Management of Insurance Companies

Abstract

When providing protection to the insurees, insurance companies are faced with many risks which are classified in different ways. Risks are increasingly diverse, and the globalization of business has led to a greater probability in terms of their achievements, as well as to the high intensity of the possible consequences. Because of this the process of risk management is a major challenge of modern insurance companies. By successfully mastering this complex process, the insurance companies can achieve higher resistance to risks that they are faced in their operations, and therefore a greater willingness to the shakes of possible realization of risks.