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Risk Management In Life Insurance Companies In Bosnia And Herzegovina

Author

Listed:
  • Anela Čolak
  • Zora Marijanović
  • Josipa Grbavac

Abstract

Despite the global economic crisis, life insurances in BiH are being in positive trend and their number rises. The paper is aimed to analyze the degree of development of risk management systems in life insurance companies in BiH. In particular, the authors have tried to establish the existence of policies and procedures in the framework of risk management in life insurance companies. Also, the most common risks identified by insurance companies are the following: liquidity risk, risk of change in price of financial real and other assets, and foreign exchange risk. The authors will analyze the most common methods that insurance companies use to protect themselves. The authors also seek to identify limitations in development of risk insurance system.

Suggested Citation

  • Anela Čolak & Zora Marijanović & Josipa Grbavac, 2014. "Risk Management In Life Insurance Companies In Bosnia And Herzegovina," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 8(1), pages 530-539.
    • Handle: RePEc:isp:journl:v:8:y:2014:i:1:p:530-539
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    More about this item

    Keywords

    life insurance; risk; development of risk management system;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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