4 research outputs found
Investigation of Operational Risk Management in the Insurance Industry
Get PDFThis article investigates the current practice of operational risk management in the insurance industry. Insurance companies face several risks that need to be managed but their key competencies and main contribution to society is to accept the risks assumed by companies and people, hence the strategic significance for people and governments that insurers protect their incomes and assets. Operational risk is nothing new in insurance industry, because of regulatory necessities; companies have initiated computation of risk capital for their operational losses. The important loss to the market values of both the insurers and the insurance industry caused by operational losses must provide an inducement for operational risk management in the insurance industry. Since operational risk management in the insurance industry is still in a stage of development a relatively new concept. The study can assist insurers with founding formal operational risk management processes and programs within their companies
Author Correction: Lactate-induced autophagy activation: unraveling the therapeutic impact of high-intensity interval training on insulin resistance in type 2 diabetic rats
No full textThe Impact of Risk Management on the Performance of Insurance Companies
Get PDFRisk Management Like other fields of knowledge management and its application utilize specific knowledge, instructions, regulations and principles to achieve predefined predictions and objectives. Risk management has developed principles and procedures that individuals, enterprises (commercial and industrial), insurance companies and governments can use to perform the foresight task of assessing, controlling and financing losses based on the systematic risk management approach. To this end, it is always working to answer two fundamental questions about the likely future consequences of the risk management criteria, securing organizations and investments against risks and losses requires the formation of an intellectual and practical system that integrates risk-based policymaking. The study show that insurance companies with great risk management have better return on equity and better performance in other key business factors in comparison with competitors who do not provide good importance to risk management
