Risk appraisal in the award of contract bonds

Anna Janska ()
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Anna Janska: Interrisk

Copernican Journal of Finance & Accounting, 2013, vol. 2, issue 1, 91-105

Abstract: The article discusses the problem of risk appraisal illustrated with an example of the contract bonds at all steps of the investment process: bid bonds, performance bonds, advance payment bonds and maintenance bonds. Particular attention was paid to the nature of the insurance guarantees, which differs significantly from Rother non-life insurance. Furthermore, the risk assessment process is determined by specific characteristics of the guarantees. This paper includes the description of factors affecting the level of risk associated with the guarantee. It discusses the different stages of risk estimation and insurers’ requirements for the customers applying for guarantees.

Keywords: contract bond; guarantee; risk management (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkcjf:v:2:y:2013:i:1:p:91-105

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