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The Risk Management and the Transfer to the Insurance Market

  • Antonio Coviello
  • Giovanni Di TrapaniEmail author
Conference paper

Abstract

The present work aims to investigate the issue of crisis management with the purpose of providing methods and techniques to face and reduce the economic impact of adverse events. The assessment and measurement of risks entity are essential steps to make correct decisions about countermeasures. It’s generally recognized that the extent of the risk depends on the frequency of occurrence and severity of the consequences that the event could turn up. The combination of the two variables produces the enhancement of the extent of the loss and, as a result, the quantification of the possible financial exposure. The management of a risk cannot only be limited to its identification and measurement but also concerns its treatment; the reference to the concept of insurability sets out methodologies and techniques to take on negative occurrences with the least amount of damage, fastness, and effectiveness. The multiplication of security issues requires countries to focus on both the containment of the risk (by appropriate analysis and progressive improvement of systems and security procedures) and the financial management of the exposure (through more efficient scheduling of resources allocated to the shell risk).

Keywords

Crisis management Economic strategy Insurance 

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.National Research Council (CNR)Institute for Research on Innovation and Services for Development (IRISS)NaplesItaly

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