Risk Management Culture: The transfer of catastrophe risk and the main mechanisms of insurance coverage.

Recent research conducted result is evident the increase in recent decades, the costs and therefore the economic value of the damage caused by natural disasters; this phenomenology that can only be attributed also to the increased concentration of populations residing city, which become larger and larger and that have developed in areas characterized by a territory too often exposed to strong catastrophe risks. The management of catastrophic risks involves an assessment of the role, duties and responsibilities of public and private entities that are involved in the governance of the various activities to be carried out. Experience has shown that for the success of any initiative complex human need to limit the risk of governance. The insurer after the crisis is asked to consider the ongoing causes of different risks undertaken and their impact in terms of potential losses, assessing the relationship between exposure to risk and the adequacy of its assets to the risk profile of the . The paper aims the study of the insurer that's required to identify the strengths and weaknesses of its business, its governance, control functions and should develop and use appropriate policies and risk management techniques by changing its organizational structure to make improvements where necessary. In the assessment management and control of risks by insurance companies require suitable methods of risk modeling, stress testing, scenario analysis and contingency plans, in order to take appropriate and timely policies to mitigate risk, and use innovative instruments offered by the financial markets, such as to enable the firm to take risks to an extent as not to cause the crisis.