Risk Management

Risk Management is the activity which consists of assessing risk in a company and then developing the various strategies intended to keep it under control. These strategies range from risk transfer to avoidance, through the reduction of harmful effects and the acceptance of certain consequences of the risk. Risk management is therefore today confronted with a double problem: risk management and insurance management. Even if in theory, insurance is only one of the means of risk treatment, we observe in practice that companies manage these two areas separately. However, risk management and insurance management are incontestably complementary concepts for those who want to guarantee the sustainability of their business. Risk Management therefore has to deal with significant data flows. Because if risk management is more concerned with risk mapping, prevention plan, controls, incidents, etc., insurance management is directly linked to the purchase of guarantees, the calculation of premiums. and their breakdown, monitoring of payments as well as claims management.