Insurance Risks – Hedging Techniques

Botea Elena Mihaela (), Sahlian Daniela Nicoleta () and Stanila Oana Georgiana ()
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Botea Elena Mihaela: Academy of Economic Studies, Bucharest
Sahlian Daniela Nicoleta: Academy of Economic Studies, Bucharest
Stanila Oana Georgiana: Academy of Economic Studies, Bucharest

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 232-235

Abstract: Insurance companies by their specific activity and by the variety of operations are exposed to a multitude of risks. We can say that the risk is the basic condition of the insurance. If there were no risks, there would be no insurance. Therefore, risk insurance is a specific element, being subject to any insurance contract. Seeking a definition for risk, one can say that “risk is a danger, a threat faced by goods, people, businesses and insurance companies may provide”. The insurance companies have to deal with specific risks as their field of activity: risks generated by undercutting premiums, incorrect sizing of technical reserves, unpredictable changes in the frequency of claims, an inadequate reinsurance and risk of general nature common to all types of businesses: incompetent management or maladministration development strategies, etc.

Keywords: ART; Hedging; CAT bonds; pools; reinsurance (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:232-235

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