THE IMPACT OF HOME INSURANCE FOR THE PORTFOLIO OF INSURANCE COMPANIES
THE IMPACT OF HOME INSURANCE FOR THE PORTFOLIO OF INSURANCE COMPANIES
Author(s): Adriana Elena Simion (Istrate), Adrian Victor BădescuSubject(s): Economy
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: decision; model; insurance
Summary/Abstract: The insurance domain has a very important status in the globalization context and social trans-formation. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Every year the cost of damages caused by floods and earth flow reminds authorities about a con-troversial motion: mandatory home insurance In this paper I will present the mandatory condition of home insurance, work home, protocol home and holiday home of people and firms, also the relation between insurant and insurance com-pany, the rights and obligations of each part involved, licensing of insurance company witch interact and the establishment of the Reinsurance against Disaster Company. To determine the importance of this insurance, a risk analysis fundamentals and a risk financing decisions is needed. For this analyze we must taking in consideration the houses and the possibilities of insurance companies factors.
Journal: Analele Ştiinţifice ale Universităţii »Alexandru Ioan Cuza« din Iaşi. Ştiinţe economice
- Issue Year: 2008
- Issue No: 55
- Page Range: 131-136
- Page Count: 6
- Language: English