ASSESSMENT OF RISK MANAGEMENT IN INSURANCE COMPANIES( IN CASE OF ETHIOPIAN INSURANCE CORPORATION IN WOLIKTE BRANCH)

Abstract

The study was conducted in Insurance companies in a case of Ethiopian Insurance Corporation of Wolkite branch. The objective of the study was assessing the risk management practice of the companies. For the study primary source of data was applied. By distributing questioners to employees of the company. For the conduction of this study census technique was applied. In the data presentation side of view, it used percentage and table for effectiveness of the study. Finally, the conclusion and recommendation part was concluded all part of the research in the one hand and also describe the problem of risk management practice in Ethiopian insurance corporation Wolkite branch Based on the findings the organization faces property risk And the researcher gives conclusion that Ethiopian Insurance corporation faces property risk and finally the researcher gives recommendations that as the company was faced with property and liability risk, to prevent those risks the company focus more on risk management areas by providing awareness to its customer about risk