Corporate insurance in the system of enterprise risk management

Abstract

The Introduction. Many scientists have been interested in research into the content of risk management and its role in ensuring stable and profitable business. However, the emergence of new risk management tools requires constant refinement and scope. Research methods, techniques and management tools give reasons for a better understanding of possibilities for application of corporate insurance system of risk management of domestic enterprises. This determines the importance of research in this area with the release advantages and disadvantages of the use of corporate insurance to avoid losses from sales risks inherent in a business. 

Results. The conclusion about the possibility to consider insurance as a source of financial security and the development of an enterprise through the lens component of its risk management has been made. The interpretation of corporate insurance as a component of risk management of an enterprise has been formulated. It has been determined that the main purpose of corporate insurance is to provide an enterprise with compensation resource of sufficient volume and at a reasonable price. According to the search the structure of the core business processes of company’s corporate insurance, the matrix of interactions between the insurer and the insured have been constructed. Their implementation will expand the possibilities for effective cooperation of an enterprise with an insurance company, the optimal risk and future results of insurance as a chance of avoiding risk. All the above facts confirm that corporate insurance can be used as a tool for risk management of an enterprise.