Navigating Risk: Strategies for Managing High-Risk Clients in the Insurance Industry

Vriscu Mihai ()
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Vriscu Mihai: Bucharest University of Economic Studies

Proceedings of the International Conference on Business Excellence, 2024, vol. 18, issue 1, 3749-3758

Abstract: The insurance sector’s long-term success depends heavily on effective risk assessment and management. This study explores the complexities of risk profiling within the insurance industry, focusing on identifying and managing high-risk clients. By examining various methodologies and factors influencing risk, this research highlights the challenges in evaluating high-risk clients and proposes strategies for effective risk management. Accurate risk profiling is essential for insurers and policyholders, aiming to enhance resilience and stability within insurance operations.

Keywords: Risk Profiling; Insurance; High-Risk Clients; Risk Assessment; Risk Management Strategies; Underwriting; Policyholders (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:18:y:2024:i:1:p:3749-3758:n:1050

DOI: 10.2478/picbe-2024-0305

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