Risk Management in the Insurance Industry

The aim of this monograph is to broaden the reader's theoretical knowledge of risk management in the insurance industry, including generalising findings from specific research on the subject. It also provides certain insights from insurance practice. The publication focuses on the theory of risk management and the management of selected risks within an insurance company. Special attention is given to the relationship between risk and asset valuation. The publication also includes model examples of risk management for personal and business insurance. Protection against the risks of fire, and floods is addressed specifically.