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Risk Management Control Systems for Insurance Business in Dynamical Market: Indonesian Case


Reza Ronaldo and Yul Maulini
Abstract

The purpose of this article is to determine the effect of Risk Management (RM) control system on the dynamical of the Indonesian insurance business. The research method applied in the current article is a qualitative method using Systematic Literature Review and Vosviewer, that is to see the visualization of the system of RM and Insurance Business. RM system is essential since all dynamical business activities and all aspects of life carry risks. In the current paper, applying RM as a system is proposed as a control to analyze the impact of risk for business continuity. Moreover, it is essential to achieve targets by calculating the risks that may arise as well as to anticipate all the possibilities in the dynamical life. RM will make it easier for companies to make short, medium, and longterm plans.

Volume 12 | Issue 8

Pages: 355-366

DOI: 10.5373/JARDCS/V12I8/20202483