FINANSIJSKE INFORMACIJE - OSNOVA ZA UPRAVLJANJE RIZICIMA ŽIVOTNOG OSIGURANAJ
FINANCIAL INFORMATION AS BASIS FOR LIFE INSURANCE RISK MANAGEMENT
Author(s): Mira Pešić-AndrijićSubject(s): Economy
Published by: Ekonomski fakultet Pale - Univerzitet u Istočnom Sarajevu
Keywords: financial information; the risks of life insurance; risk management; specific accounting; financial statements; balance sheets; financial indicators.
Summary/Abstract: This paper discusses the financial information, accurately speaking, their sources and their use in the life insurance. The paper points out the specificity of financial accounting in life insurance as a source of these pieces of information. The specificity arises from the stochastic properties and long-term life of life insurance. This means that the financial data and indicators should enable decision making to effectively manage the risks of life insurance in the long run, that is, decisions must be made for the future. Thus, one may conclude that accunting data normally taken as deterministic measures, have a significant degree of stochastic in life insurance accounting.
Journal: Zbornik radova Ekonomskog fakulteta u Istočnom Sarajevu
- Issue Year: 2011
- Issue No: 5
- Page Range: 305-317
- Page Count: 13
- Language: Bosnian