What is a risk insurance company? These are companies that protect home, property, and business owners in case of damages. Insurance in itself is basically risk insurance, since you are always paying against the possibility of something happening to you, or to something you manage. For example, even health insurance is a type of risk insurance, in the sense that you are paying the company because there are potential health risks to you as a person that you want to be protected against. In the event that you do, say, need chemotherapy, the insurance company covers you because they deal with that type of risk.
In other words, risk and insurance are by nature linked concepts. Insurance risk management is basically the process of calculating out these risks based on known factors, and this is how a risk insurance company decides how to price their services. If, say, the possibility of you getting your car stolen is calculated to be one out of ten thousand based on where you live and your own personal risk history, then your fees will be a lot lower than someone who has a one in a thousand chance of getting their car stolen.
A risk insurance company will often offer incentives to individuals to keep them from filing more costly insurance claims. This is basically an insurance company trying to alter risk calculations and achieve smaller probabilities. Ultimately, both the insurer and the insured mutually benefit from this. For example, an insurance company would like to avoid paying you for ten thousand dollars in damages if your apartment is destroyed in a fire. In order to mitigate this risk, they may offer to help you pay for installing an additional fire escape, or fire proofing your rooms with certain materials.
A risk insurance company usually relies on insurance research in order to formulate insurance plans, examine policies, and accept insurance claims. If you are interested in understanding more about risk insurance services, there are many companies and plans available, and all of them have information about their services online.