IMPLEMENTATION PERSPECTIVES OF INSURANCE BUSINESS RISK ASSESSMENT AND METHOD THEREOF

Игорь ДОЛГИЙ Молдавский государственный университет

Abstract

The risk to which is exposed a company is the possibility of bankruptcy or the eventual probability to suffer such financial losses which can lead to business interruption. Since the probability of mischance is always present a questions of minimizing the risk has been raised up. In order to answer this question is very important to define the risk quantitatively, which will permit to compare the possible solution versions of risk value and choose the one which suits the most the risk strategy chosen by the company. Keywords: insurance risk, business activities, risk analysis, risk classification, risk management, risk minimization methods, market economy, external factors, internal factors, profit, loss probability distribution curve of losses, the loss, degree of risk.