Abstract :
There is a belief in some circles that insurance companies are not interested in preventing accidents but only in ensuring that collectively claims are always less than premiums, and that premiums paid are more a reflection of experience than evaluated future exposure. The authors describe how this might have been the case in previous times, but currently the leading companies in general insurance are much more concerned with an overall approach to risk management, emphasising the importance of identification and evaluation of risks together with the measures taken to reduce those risks; this is often done by working in partnership with clients to reduce exposure to risks, taking a judicious approach to the whole aspect of risk management
