The impact of home insurance for the portfolio of insurance companies
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.
Year of publication: |
2008
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Authors: | Simion, Adriana Elena ; Badescu, Adrian Victor |
Published in: |
Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice. - Facultatea de Economie şi Administrarea Afacerilor. - Vol. 55.2008, November, p. 131-136
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Publisher: |
Facultatea de Economie şi Administrarea Afacerilor |
Subject: | decision | model | insurance |
Saved in:
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