REINSURANCE MANAGEMENT IN INSURANCE COMPANIES IN CASE OF GENERAL THIRD PARTY INSURANCE

• Authors: Grzebieniak Andrzej
• Languages of publication: EN

Abstracts

EN

The aim of the study was to assess the methods of reinsurance management in insurance companies operating in the Polish market during the years 2004-2008. Determination of reinsurance applied by insurance companies in each of the eighteen groups of section II insurance types (according to the Act on insurance activities), including also the discussed group thirteen, i.e. in general third party insurance nit included in groups from nine through twelve was the base for the assessment. Each reinsurance type defines the risk sharing, that is the liability of the insurance company (the assignor) and reinsurer in case of insurance damage, in a different way. The reinsurance method and the scope of damage also influence the reinsurer's commission and the share in profits of the reinsurers that insurance companies receive from the reinsurers. The values of those financial parameters have a very large influence on the operational results of insurance companies as concerns the balance or reinsurance operations, which should oscillate around zero in a longer time perspective.

Keywords

EN

GENERAL THIRD PARTY INSURANCE; REINSURANCE AND ITS TYPES; RISK

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Uniwersytet Warmińsko-Mazurski w Olsztynie
• Journal: Olsztyn Economic Journal
• Year: 2010
• Volume: 5
• Issue: 1
• Pages: 39-49
• Document type: ARTICLE

Contributors

author

Grzebieniak Andrzej

• Andrzej Grzebieniak, Chair of Insurance, University of Warmia and Mazury in Olsztyn, Poland

Identifiers

CEJSH db identifier

11PLAAAA091321