TY - CHAP AU - Safet Kozarevic AU - Emira Kozarevic AU - Pasqualina Porretta AU - Fabrizio Santoboni ED - Valentina Svalova Y1 - 2017-12-20 PY - 2017 T1 - Implementation of Basel and Solvency Risk Assessment Standards in Banks and Insurance Companies of Southeastern Europe Countries N2 - Risk assessment is one of the main parts of complex systematic research of natural and man-made hazards and risks together with the concepts of risk analysis, risk management, acceptable risk, and risk reduction. It is considered as the process of making a recommendation on whether existing risks are acceptable and present risk control measures are adequate, and if they are not, whether alternative risk control measures are justified or will be implemented. Risk assessment incorporates the risk analysis and risk evaluation phases. Risk management is considered as the complete process of risk assessment, risk control, and risk reduction. The book reflects on the state-of-the-art problems and addresses the risk assessment to establish the criteria for ranking risk posed by different types of natural or man-made hazards and disasters, to quantify the impact that hazardous event or process has on population and structures, and to enhance the strategies for risk reduction and avoiding. BT - Risk Assessment SP - Ch. 12 UR - https://doi.org/10.5772/intechopen.70605 DO - 10.5772/intechopen.70605 SN - 978-953-51-3799-3 PB - IntechOpen CY - Rijeka Y2 - 2024-03-29 ER -