MANAGING THE INSURANCE RISKS - FACTORS OF PROFITABLE BUSINESS OF INSURANCE COMPANIES

The insurance market is in our country as well as in other developed countries subject to high competition, because many insurance companies are dealing with insurance business. They need to offer more and more services at a lowest price in order to increase business efficacy. They also need to recognize characteristics, types and extent of different risks and supply the needs of a bigger market. If they wish to reach these goals they often manage insurance risks in order to do profitable business of the insurance companies. Synergetic effects of managing the risks enable them to predict the danger and prevent it. This is a process and structure that together form an optimum of managing the potential possibilities and negative effects.