One of the basic criteria for a well-developed financial system of any country is that it offers a number of ways or tools to its participants to pool, price and trade risk, provides opportunities for pooling and sharing of risk for both individuals and the company. The three commonly known methods of risk management are hedging, diversification and insurance. Risk hedging or simply hedging refers to the shift from risky to risk-free assets. Derivative products in the financial market are used for this purpose, for example a forward contract is used as a hedging device. Diversifying means not putting all your eggs in a single basket that groups and divides the risk, although it does not eliminate the total risk, it helps reduce the risk by redistributing it. The insurance, at the cost of the insurance premium, allows the insured to maintain the economic benefits by providing what is expected