Risk management in modern insurance business
- Authors: Nereta D.V.1, Ahmedov F.N.1
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Affiliations:
- Peoples' Friendship University of Russia named after Patrice Lumumba
- Issue: Vol 10, No 3 (2023)
- Section: Articles
- URL: https://journals.rudn.ru/in-econ/article/view/48959
- ID: 48959
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Abstract
The article shows modern approaches to risk management in the insurance industry; analyzes the key risks faced by insurers; identifies the most effective methods and tools of risk management of insurance companies. The paper presents a brief review of the literature in the context of risk management, trends and the state of the insurance market in Russia and the world, the actual work of insurers with risks. Whereas the timely identification, analysis and overcoming of possible risks is an integral task in the activities of insurance companies, the real practice of risk management in this segment was studied. Based on the results of the research, the strengths and prospects for the development of risk management in insurance were formulated.
About the authors
Diana Vladimirovna Nereta
Peoples' Friendship University of Russia named after Patrice Lumumba
Author for correspondence.
Email: disay2000@gmail.com
ORCID iD: 0000-0001-5803-7955
SPIN-code: 9560-4420
Master's Student at the Department of Finance and Credit, Faculty of Economics
117198, Moscow, Miklukho-Maklaya str., 6Fakhraddin Nasraddin ogly Ahmedov
Peoples' Friendship University of Russia named after Patrice Lumumba
Email: akhmedov-fn@rudn.ru
SPIN-code: 9440-7043
PhD, Associate Professor of the Department of Finance and Credit, Faculty of Economics
117198, Moscow, Miklukho-Maklaya str., 6References
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