Current pressure for paradigm shifts in insurance science

Aktuální tlak na změny v paradigmatech pojistné vědy

Petra Tisová and Jaroslav Daňhel

Český finanční a účetní časopis, 2023, vol. 2023, issue 1, 49-54

Abstract: Catastrophic risks have in recent years brought with them big question marks overwhat attitude insurers should take towards them. This is particularly a problem insituations of recurrent hurricane-type catastrophes on the east coast of the Caribbeanand the United States, where it is already perfectly legitimate to address the fulfilmentof the contingency condition, which is an essential condition for the recognition ofan insurance claim. The solution, beyond the limits and exclusions imposed onclaims, appears to be to involve markets outside the insurance industry and transferrisk, for example, through catastrophe.

Keywords: Insurance; Catastrophic risks; Volatility; Pojišťovnictví; Katastrofická rizika; Volatilita (search for similar items in EconPapers)
JEL-codes: D22 G22 L11 M20 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.18267/j.cfuc.582

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