EVALUATING RISK MANAGEMENT PRACTICE IN ETHIOPIAN INSURANCE COMPANIES (BRANCH SPECIFIC IN CASE OF HAWASSA BRANCHES)

Abstract

This paper investigates with the evaluation of the Risk Management Practice in Ethiopia Insurance Companies. The objective of the study was To examine the approaches used to prevent risk in insurance industry, to investigate the risk management practice in the insurance companies in Ethiopia, to identify the types of risk that affects the insurance companies, and to analysis the evaluations of insurance for each risk in insurance industries. Research paper focused mainly on Ethiopia Insurance Companies in the case of Awassa city to know how much insurance companies works to support societies. Mainly focusing on three insurance companies those are: Nile insurance s.c, Global insurance s.c and Africa insurance companies. The relevant data for this study was obtained from both primary and secondary sources. Non probability judgmental sampling techniques are taken as appropriate one for the study. Eventually, data collected from both source were checked and analyzed using descriptive techniques and presented in the form of table, percentage, graphs and the like with detail explanation. With this respect, the study identified the evaluation of risk management practices in insurance companies in branch of Hawassa city to briefly explain in each corners that leads for further improvements and achievements. Lastly this study investigates several challenges that face to be efficiently explained in each corner