Risk transfer solutions for the insurance industry
Author(s) -
Vladimir Njegomir,
Rado Maksimović
Publication year - 2009
Publication title -
economic annals
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.148
H-Index - 12
eISSN - 1820-7375
pISSN - 0013-3264
DOI - 10.2298/eka0980057n
Subject(s) - insurance industry , business , risk pool , actuarial science , transfer (computing) , auto insurance risk selection , casualty insurance , insurance policy , risk analysis (engineering) , computer science , parallel computing
The paper focuses on the traditional and alternative mechanisms for insurance risk transfer that are available to global as well as to domestic insurance companies. The findings suggest that traditional insurance risk transfer solutions available to insurance industry nowadays will be predominant in the foreseeable future but the increasing role of alternative solutions is to be expected as the complementary rather than supplementary solution to traditional transfer. Additionally, findings suggest that it is reasonable to expect that future development of risk transfer solutions in Serbia will follow the path that has been passed by global insurance industry
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