Insurance in the social security system
Insurance in the social security system

Summary/Abstract: The aim of this paper is to present the possibilities of applying insurance and parainsurance solutions into the social security system. As a starting point for discussion the author, firstly, defines a social risk as the emergence of contingency to the (family) household. Secondly, he argues that the subjective criterion is of primary importance in the classification of insurance, which should result in the special treatment of the household as a recipient of insurance protection. Against this background the state is presented in its role as organiser of the public social security system and the aspects and principles of the system are described. The author presents public social funds as a parainsurance solution within the social security system. The paper emphasises the growing domain of the application of private insurance in the social security system and the importance of complementary/supplementary cover, understood as social enhanced insurance, in securing the desired (expected) level of social security.

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