Proces zarządzania ryzykiem w organizacji : wyniki obserwacji polskich przedsiębiorstw

The aim of this paper is to present the basic aspects of theory of risk and insurance. Furthermore, there are some observations about applications of this theory in modern Polish economy. The paper consists of two main parts. The first one is a short definition of risk. The second one presents the process of risk management and methods of handling risk. It is noticeable that all stages of risk management are strictly connected. The first stage of risk management is risk identifying. At this time organization tries to discover all possible risks which can interrupt a business process. It is advisable to look for all possible dangers in a strict relation to at least following issues: fixed assets, liquid assets and current assets of the organization, moreover organization's human resources and legal liability. The next stage is risk analyzing (risk quantifying) when the organization makes efforts to measure the risk. Some statistical methods can be used to find a likelihood of hazard occurring and an impact of hazard occurring. In case if there are few data, non-statistical methods are used. The most popular are anticipating of PML (possible maximum loss) and EML (estimated maximum loss). At the and of the process of risk management organization takes a decision about handling of risk and financing risk. Organization should consider all important features and consequences of using different methods of handling and financing the risk and then make a choice.