fbpx

NEW TRENDS IN (UN) INSURABILITY OF RISKS

by | Sep 24, 2019 | DOI 2018

Karina Benetti
Technical University of Liberec, Faculty of Economics, Department of Economic Statistics, Studentska 1402/2, 461 17 Liberec, Czech Republic
DOI: https://doi.org/10.31410/itema.2018.632
​
2nd International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2018 – Graz, Austria, November 8, 2018, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-13-4
Abstract

In the insurance market have been seen over the last two decades the significant changes in view of (un)insurability of risks, not only in the context of the impact of the recent global economic crisis. To these changes in the insurability of risks can be viewed from two main perspectives. The first is that these changes in the insurability of risks were mainly due to the implementation of the risk of catastrophic dimensions, which were mainly floods. Part of the implementation of flood risk and flood gave rise to a new perspective on one of the sixth criteria of insurability of risks – the randomness. The impacts of these changes in the insurability of risks have economically affect not only to the individual (household), but also to the whole economy. With the last year’s floods even increased uninsurable areas in the Czech Republic, hence it’s household from 8 % to over 11 %. The second look is at the changes in the insurability of risks – especially the criterion of randomness – is very broad. In the context of the impact of the recent financial crisis on the world arose in the scientific community economic questions about the role played by scientific and economic theory (including general philosophical and methodological), the current problem of global conditions. In the research, scientific methods were particular used: analysis and synthesis, method of deduction, induction, review of professional literature and legislative documents, comparative analysis and synthesis of partial knowledge, elementary statistical analysis.

​

Key words

(un)insurability, risks, natural disasters, unknown unknowns.


​

References
  1. Ducháčková, E. (2015). Pojištění a pojišťovnictví. Praha: Ekopress. ISBN 978-80-87865-25-5.
  2. Böhm, A., Mužáková, K. (2010). Pojišťovnictví a regulace finančních trhů. Professional Publishing, Praha, pp. 184.
  3. Mužáková, K., Kobík Valihorová, A. (2013). Integrace evropských finančních trhů: Identifikace, klasifikace a analýza faktorů ovlivňujících integraci vybraných segmentů finančního sektoru České republiky. In: Technická univerzita v Liberci, Liberec, pp. 289.
  4. Mužáková, K., Kobík Valihorová, A., Štibrányiová L. (2013). Regulation and its Impact on System Risk in Insurance. In: Recenzovaný sborník příspěvků vědecké interdisciplinární mezinárodní vědecké konference doktorandů a odborných asistentů, QUAERE 2013. Hradec Králové: MAGNANIMITAS, pp. 761–770.
  5. Mužáková, K., Kubová, P. (2013, a)). Main Consequences of Implementation “Polluter Pays Principle” with Analysis of Most Common Causes of Accidents in Czech Republic. Asian Journal of Business and Management. Vol. 1, Nr. 3, 99–105.
  6. Mužáková, K., Kubová, P. (2013, b)). Polluter Pays Principle in the Czech Republic in the Context of Public Environmental Protection Expenditures. In: European Financial Systems 2013, Proceedings of the 10th International Scientific Conference. Brno: Masarykova univerzita v Brně, 181–188.
  7. Mužáková, K., Štibrányivá, L. (2013). Complexity of the Regulatory Environment of Financial Markets in the EU Focusing on Insurance Market. In: Sborník příspěvků z mezinárodní vědecké konference MMK 2013. Hradec Králové: MAGNANIMITAS, 731–740.
  8. Böhm, A., Mužáková, K. (2013). The Paradigm of Regulation of Financial Markets and Its Criticism. In: international symposium, The Economic Crisis: Time for a Paradigm Shift. Valencia: Universitat de Valencia – Facultat d’Economia, pp. 24–35.
  9. Mužáková, K., Kubová, P. (2014). Financial Solutions of Natural Disasters in the Czech Republic for Maintaining the Financial Health of Municipalities and Regions in the Czech Republic. In: Region in the Development of Society 2014, pp. 587-595.
  10. Daňhel, J., Ducháčková, E. (2012). Nutnost změn v pohledu na nahodilost v rámci paradigmat ekonomie. Český finanční a účetní časopis. 2012. Vol. 7, Nr. 3,pp. 61–70.
  11. Daňhel, J., Ducháčková, E., Radová, J. (2013). Economic Theory Needs a New View of the Phenomenon of Randomness. Journal of Emerging Trends in Economics and Management Science (JETEMS). Vol. 4, Nr. 5, pp. 460–466.
  12. Daňhel, J., Ducháčková, E., Blahová, N. (2013). The EU’s Banking and Insurance Market is Trying to Solve Serious Financial Problems without the Support of Theory. Journal of Emerging Trends in Economics and Management Science (JETEMS). Vol. 4, Nr. 2, pp. 140–146.
  13. Daňhel, J., Ducháčková, E. (2013). Today’s Social Dilemma: Does a New Paradigm in Economics Demand Higher Ethics or Wider Regulation. Journal of Emerging Trends in Economics and Management Science (JETEMS). Vol. 4, Nr. 1, pp. 98–102.
  14. CIA, (2002). Výroční zpráva 2002. Česká asociace pojišťoven, pp. 72.
  15. CIA, (2003). Výroční zpráva 2003. Česká asociace pojišťoven pp. 56.
  16. CIA, (2004). Výroční zpráva 2004. Česká asociace pojišťoven, pp. 56.
  17. CIA, (2005). Výroční zpráva 2005. Česká asociace pojišťoven, pp. 56.
  18. CIA, (2006). Výroční zpráva 2006. Česká asociace pojišťoven, pp. 72.
  19. CIA, (2007). Výroční zpráva 2007. Česká asociace pojišťoven, pp. 84.
  20. CIA, (2008). Výroční zpráva 2008. Česká asociace pojišťoven, pp. 84.
  21. CIA, (2009). Výroční zpráva 2009. Česká asociace pojišťoven, pp. 84.
  22. CIA, (2010). Výroční zpráva 2010. Česká asociace pojišťoven, pp. 88.
  23. CIA, (2011). Výroční zpráva 2011. Česká asociace pojišťoven, pp. 84.
  24. CIA, (2012). Výroční zpráva 2012. Česká asociace pojišťoven, pp. 91.
  25. CIA, (2014). Škody způsobené živly 1-12/2013. Česká asociace pojišťoven, pp. 72.
  26. CIA, (2015). Škody způsobené živly 1-12/2014. Česká asociace pojišťoven.
  27. CIA, (2016). Škody způsobené živly 1-12/2015. Česká asociace pojišťoven.
  28. Swiss Re (2010). Sigma. Natural catastrophes and man-made disasters. Zurich, Swiss Reinsurance Company, Ltd., 2010, https://www.swissre.com/sigma.
  29. Swiss Re (2011). Sigma. Natural catastrophes and man-made disasters. Zurich, Swiss Reinsurance Company, Ltd., 2011, https://www.swissre.com/sigma.
  30. Swiss Re (2012). Sigma. Natural catastrophes and man-made disasters. Zurich, Swiss Reinsurance Company, Ltd., 2012, https://www.swissre.com/sigma.
  31. Swiss Re (2013) Sigma. Natural catastrophes and man-made disasters. Zurich, Swiss Reinsurance Company, Ltd., 2013, https://www.swissre.com/sigma.
  32. Swiss Re (2014). Sigma. Natural catastrophes and man-made disasters. Zurich, Swiss Reinsurance Company, Ltd., 2014, https://www.swissre.com/sigma.
  33. Swiss Re (2015) Sigma. Natural catastrophes and man-made disasters. Zurich, Swiss Reinsurance Company, Ltd., 2013, https://www.swissre.com/sigma.
  34. Swiss Re (2016). Sigma. Natural catastrophes and man-made disasters. Zurich, Swiss Reinsurance Company, Ltd., 2014, https://www.swissre.com/sigma.
  35. Benetti, K. (2015). Natural Disasters and their Impact on Long-term Growth. In: European Financial Systems 2015: Proceedings of the 12th International Scientific Conference, pp. 28–36.
  36. Taleb, N. N., (2012). Černá labuť: Následky vysoce nepravděpodobných událostí. Paseka, Litmyšl, pp. 336.
  37. Ducháčková, E., Daňhel, J., Onder, Š., Veselá, J., Majling M. (2011). Řízení rizik v pojišťovnách v návaznosti na změnu podmínek na finančních trzích. NFVP, pp. 30.

benetti_new_trends_in_(un)_insurability_of_risks_pp_632-639

Connect with us

Association of Economists and Managers of the Balkans – UdEkoM Balkan
179 Ustanicka St, 11000 Belgrade, Serbia

https://www.udekom.org.rs/home

Udekom Balkans is a dynamic non-governmental and non-profit organization, established in 2014 with a mission to foster the growth of scientific knowledge within the Balkan region and beyond. Our primary objectives include advancing the fields of management and economics, as well as providing educational resources to our members and the wider public.

Who We Are: Our members include esteemed university professors from various scientific disciplines, postgraduate students, and experts from ministries, public administrations, private and public enterprises, multinational corporations, associations, and similar organizations.

Building Bridges Together: Over the course of ten years since our establishment, the Association of Economists and Managers of the Balkans has established impactful partnerships with more than 1,000 diverse institutions across the Balkans region and worldwide.

tel. +381 62 812 5779    
office@udekom.org.rs
www.udekom.org.rs

ITEMA conference publications are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.