Insurance Risk Management Techniques. Fundamentals of insurance insurance is a promise made by the insurer to the insured to compensate against any significant potential losses which are financial in nature, in exchange of a periodic payment the. Risk probability and impact matrix.
A comparison of banking and insurance industr_ _ mr. Following are a few risk management methods you can use to help during the analysis phase of the risk management process. Traditional risk management techniques for handling event risks include risk retention, contractual or noninsurance risk transfer, risk control, risk avoidance, and insurance transfer.