Implementation of the Risk Management Methods of Insurance Companies

Special emphasis is put on the strategic management of insurance companies and the management of risks as a possibility to realize losses and to manage them by means of methods aimed at reducing, controlling and financing those risks. The process of risk management is an ongoing and evolving one with a clear separation of duties for the staff involved in its management in and out of the insurance company. The focus is on the risks for the insurance company and the search for adequate methods for risk management. The purpose of this article is to systematize the risks inherent in the insurance company and the possible methods of risk management with applicability in practice. The main thesis of the article is that risk management methods have an inherent and justified, full or partial application among insurance companies and must be complex. The complex nature also requires integrated application of management methods, by risks and levels – “insurance company level”, “insurance company level and insurance product” level.