Risk management under sanctions restrictions
Safronov Sergey Borisovich
PhD in Economics, MBA, Head of the Expert Committee on Risk Management and Sustainable Development
Eurasian Center for High Technologies
The paper presents risk management mechanisms in conditions of access to the insurance market, limited access to the insurance market and in conditions of closing access to the insurance market. As part of the approach to risk management in the conditions of closing access to the insurance market, a management algorithm is proposed through the creation of risk self-financing funds. This risk management algorithm allows, in conditions of impossibility to use insurance/reinsurance tools to cover damage when a risk occurs, to optimally plan and effectively manage a set of measures to prevent both direct risks and risk factors.
risk management, insurance market, sanctions restrictions, risk self-financing funds.
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