Insurance and Reinsurance Services – System of Relationships in Order to Protect the Interests of Individuals and Legal Entities
AbstractIn the current economic and social context, the development of insurance and reinsurance services is a necessity. The negative effects of possible events that act on the integrity of material goods or on human life (calamities, accidents, incidents etc.) can be reduced or prevented by the insurance or reinsurance services. They form the basis of a system of relationships in order to protect the interests of natural and legal persons. Insurances are well established in the market economy, through the establishment and use of insurance fund, the creation of jobs and the functions they fulfill (distribution, control, compensation for damage, damage prevention and financial).
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Bibliographic InfoArticle provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.
Volume (Year): 5 (2013)
Issue (Month): 2 (June)
Concept of insurance; reinsurance; co-insurance; self-insurance; the principle of mutuality; insurance functions; items insurance; terms and conditions of the insurance contract;
Find related papers by JEL classification:
- P46 - Economic Systems - - Other Economic Systems - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
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