Risk management may be viewed as critical to the success and viability of insurance companies and thus many of those companies have adopted strategies to manage risks which they are exposed to. in 2500 words

• Identify two (2) risks which may affect insurance companies.
• Discuss the importance of establishing an effective risk management policy in an insurance company giving one example of a risk management strategy used by insurance companies.
• What is the role of insurance legislation in effective management of insurance companies? Illustrate with one example of a specific insurance legislation.