INSURANCE MAY SAVE "THE POTENTIAL, EXPECTED BENEFIT": METHODOLOGICAL ASPECT

Iulia CAPRIAN Universitatea de Stat din Moldova

Abstract

There is no single definition of risk management. The concept may be expressed in general terms as a "application of the principles of adaptation of decisions to a particular risk problem" or a "minimization of the overall costs of risk", but one of the most applicable may be the one focusing on the risk management process. Thus, risk management is a systematic process, aimed at identifying and assessing the risks to which a person or organization is exposed for the purpose of selecting and implementing optimal techniques for controlling and financing risks. Keywords: reinsurance, insurance business, provided, insurer, banc assurance, brokers, insurer, insurance claim, offer insurance, compensation insurance, globalization, insurance company, life insurance, supervisory authority, insurance funds, premium, capitalization, loss or damage, insurance market, insurance policy, reinsurance, risk.