Economic Growth of Insurance Sector: The Evidence of Georgia
Inara Mamedova
Broschiertes Buch

Economic Growth of Insurance Sector: The Evidence of Georgia

¿The Role of Risk Management and its¿ Related Issues of Insurance sector "

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This paper provides information on the role of risk management in the insurance business. It presents different types of impacts that show us that every insurance company has to provide effective risk management process. Moreover, some major loss events in the history will be examined showing the possible outcomes. Willaims (2006) defined risk management in the following way: "Risk management aims to provide decision makers with a systematic approach to coping with risk and uncertainty" (Willaims, 2006). First, there is traditional risk management which focuses on financial risk and manages ri...