English, Article edition: THE MICROECONOMIC AND MACROECONOMIC SIGNIFICANCE OF REINSURANCE Zuzana Krátka

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Physical Description
  • article
Language
  • English

Edition details

Title
  • THE MICROECONOMIC AND MACROECONOMIC SIGNIFICANCE OF REINSURANCE
Author
  • Zuzana Krátka
Physical Description
  • article
Notes
  • Amongst the most significant macroeconomic functions of reinsurance are the stabilizing, innovative and accumulative functions. The most important microeconomic functions of reinsurance are the protection of the cedent and the protection of the insureds. Reinsurance increases the insurance companies' capacity, diversifies their risk portfolios, allows for quantitative and qualitative broadening of the accepted risks' spectrum, strengthens their solvency and economic stability and enables them to gain necessary know-how. In the long run, reinsurance is a stabilizing factor for not only individual insurance subjects but the entire economy as well.
  • microeconomic functions of reinsurance, macroeconomic functions of reinsurance, role of reinsurance in the economy
  • RePEc:prg:jnlaop:v:2009:y:2009:i:2:id:12:p:38-51
Language
  • English
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