The concept of risk insurance, risk classification and riskmenedzhment.

Each disaster is seen as a danger in connection with which there is an object of insurance protection. A prerequisite of the insurance relationship is a risk, its content and the degree of probability determine the degree of insurance protection.

Developed many definitions of risk, they are united by the following:

- The key idea of uncertainty;

- The possible existence of different degrees of risk;

- The notion of the result, arising from causes / reasons.

Not all risks have a probability of realization. To assess the level of risk is necessary to introduce the concept of frequency and severity of the consequences of the implementation of these concepts are linked by two types of relations:

I. belongs to a large number of different situations with a high frequency implementation of the risks and consequences of low weight

This relationship is suitable for describing many risky situations (ex: fire insurance, the share of small fires have a little larger).

II. between the frequency and severity of the implementation of the rare incidents with serious consequences.

The total number of these will be less than the number in Section 1, but the loss of their implementation will be very large (ex: Avio and maritime disasters).

Fear is not any risk, which is proposed is not accidental, intentional events are not insured.

frequency

severity

Risk classification

Financial

risks, the results of which can be evaluated in monetary terms (ex: theft, etc.).

Net risks, which include two situations:

¾ man received serious losses;

¾ man does not feel any sense of loss.

Fundamental

risks that arise due to reasons beyond the control of any person or group of individuals, and affect a large group of persons (ex: earthquakes, wars, etc.). As a rule, are not insured.

Nonfinancial

risks, the outcome of which is estimated on the basis of universal criteria (ex: career, marriage, etc.).

Speculative

risks associated with the possibility of obtaining benefits (ex: transactions in securities, etc.). As a rule, are not insured, because are aimed at making a profit on these risks are knowingly.

Private

risks, subjective in terms of causes and consequences. Typically, these risks are insurable.

Risk management

Risk management aims to actively control the risks of the entrepreneur, threatening his business.

Riskmenedzhment is:

1. Risk identification is the systematic study and identification of risks that they cover. It is important to know more about risk factors:

Ø First-order, are primary causes of risk as such, often have an objective character and are out of control (ex: natural disasters, accidents, wars, etc.).

Ø Second-order effect on the likelihood of damage and its value in themselves are not the cause of damage, factors that in turn are divided into subjective (ex: construction materials building, presence of alarm, location of the facility, age and sex of the person ) and objective (ex: associated with patterns of behavior and qualities of person).

2. Measuring risk is reduced to measuring the degree of its likelihood and magnitude of damage.

3. Controlling risk in two forms:

Ø Physics – means the use of different methods that reduce the likelihood of injury;

Ø Finance – is to find sources of compensation for possible damages in monetary terms, such compensation may be through self-insurance. However, the self has some shortcomings, while recourse to the insurance company the most profitable, even taking into account the payment of premiums.

Criteria for insurance risks

Insured unit of risk requires a thorough factual and legal determination of the insurance contract. First of all, it must be isolated from the totality of other insurable and not insurable risks. In order to limit all risks insured must be fully described by the following features:

1. complex reasons causing damage or so-called insurance risk;

2. circumstances of the case, which shows the damage;

3. principles for monetary valuation of damages.

A unit risk, which uses a separate form of insurance, is a technical unit of insurance. There are agreements with one or more of the technical units of insurance. When a contract of insurance policyholder is based on the price of insurance services. Insurer focuses on the following criteria of the insurance risk:

1. accidental damage.

Most important. Not random, intentional events on vlekshie damage not insured. Randomness means uncertainty regarding the time and the amount of damages, as well as independent insurance loss from the will and behavior of the insured.

2. opportunity to assess the distribution of damages.

Means that you can determine the expected degree of damage and the degree of probability, without this information it is impossible to calculate the value of insurance premiums.

3. uniqueness of the distribution of damages.

Indicates that the insurance risk, insurance and facility damage should be clearly and unambiguously defined in the insurance contract. This condition is especially important for determining the indemnity, which must pay the policyholder if an insured event.

4. independence of the insured loss allocation of each other.

Indicates that the insurer under a contract of insurance should avoid concentrations of risk.

5. score the maximum possible amount of damages.

Considered as a criterion for financial capacity and insurance portfolio of the insurer. Absolute limits of insurance with the insurer’s point of view does not exist.

We recommend to visit:
dell laptop battery charger . Incredible Virtual private server it's worth it! . One should deffinitely try hollywood movies download at outonfilm . weight loss fast . water softener capacity ratings