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.