Every day insurance companies face a number of risks arising from the insurance industry itself, as well as risks arising from insurance company operations. In this constant fight against risks insurance companies use different models and methods that help them better understand, have a more...

Mathematical models applied in the insurance field, represent an ongoing concern for people that work in actuarial departments, serving this way fundamental informations to their managers when they have to adopt economic decisions. This work approaches a synthetic manner both mathematical models...

In a world dominated by incertitude it is necessary to acknowledge the importance of discovering at the right time the risks that affect companies. The aim of the paper is to provide important insights to economic agents concerning theoretical notions about risk and its assessment. It is...

The risk management means the risk identification, evaluation, quantification and the strategy to counter and to find solutions and levers which can abate or even eliminate the possibility to appear of the probable consequences if they have place. The credit generates risks. The inadequate...

It is widely accepted that risk is a constant of the human activity in general. From this perspective, the expansion of business across country borders requires identification, assessment and brief analysis of the overall risk that operators would face in a targeted national economy.Country risk...

It was marked out that the investors should be prepared for permanent changes of the forms in which the risk can manifest itself from the evolution of market economy grounded in the industrialized countries: operational, financial, strategic risks are also added to the traditional exposition to...

This chapter focusses on global environmental risks such as climate change, an issue that must be confronted as we move into the future. It proposes sound principles of risk management that make sense in today's society generally, going beyond their role of averting and hedging climate risks....

The important place in European society structure is occupied by the group of people carrying out similar activity, which could be called an enterprise (business) stratum. The social and economic approach requires to consider within scientific research not only the business activity, but also...

Innovation in information and communication technologies resulted in the digital revolution. This kind of revolution is changing the way people work, learn, communicate and manage their businesses. Due to the need to achieve the competitive advantage and to meet the business requirements, we are...

Complexity theory is designed to bring order out of a rough-and- tumble world, something close to every insurance professional's or actuary's heart. Whether applied in the laboratory or as part of a mathematical model, it can do wonderful things . But in the real world it's just what its name...