A RISK MANAGEMENT SYSTEM IN INSURANCE UNDERTAKING

A RISK MANAGEMENT SYSTEM IN INSURANCE UNDERTAKING

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The purpose of this article is to identify and to define a role of risk management in insurance undertakings, particularly in the light of new regulations.Therefore, here an obligatory of implementing a risk management system in insurance undertaking can have a negative caruso milk thistle impact on effectiveness or efficacy entity is the hypothesis of this publication.To prove or refute a hypothesis, a qualitative method and empirical research were applied.Finally, the hypothesis was proved.