FEATURES OF FINANCIAL RISK MANAGEMENT OF ENTERPRISES IN VARIOUS INDUSTRIES

Numerous risks are a normal practice for any enterprise. Each type of risk affects the final and intermediate results of the enterprises’ activities, as well as the level of financial security. The authors highlight the main causes of risks, paying special attention to financial risk insurance as one of the key tools for managing them. The article considers: key conditions when it is necessary to insure financial risks; characteristics of financial risk management methods at enterprises; the principles and stages of the financial risk management process are systematized. The authors conclude that the most effective risk management method in modern economic conditions is a combined approach that combines optimization and continuous risk monitoring, since it combines the advantages of stability and modern technologies. At the same time, financial risk insurance remains the most important risk management tool.