The Challenge of Risk Management in Insurance

Kjosevski, Jordan (2011) The Challenge of Risk Management in Insurance. Anali Ekonomskog fakulteta u Subotici, 47. pp. 125-130.

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Abstract

Today, the risk environment grows and evolves. New risk categories were materialized in the past
decade. Many of them are more difficult to quantify than “traditional” property and casualty risks, both in terms of
their frequency and their severity. Yet, the “old” risks have not gone away. Instead, the demands on risk management
have expanded as the world has become more complex, interdependent, and more risky. The insurance
industry is faced with an increasing number of nontraditional challenges. Therefore, it is necessary supervisors
and companies to look for higher levels of safety through new approaches to solvency, supervision and risk
management procedures.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Depositing User: UKLO Mrezha
Date Deposited: 27 May 2024 06:06
Last Modified: 27 May 2024 06:06
URI: https://eprints.uklo.edu.mk/id/eprint/9997

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