Reinsurance Service and its Economic Nature
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2017, Vol 2, Issue 191
Abstract
At the reinsurance market the object of purchase and sale is a specific product – a reinsurance service. According to several scientists' researches, the definition of a reinsurance service is clarified as a specific service in the form of selling legally formed liabilities concerning redistribution of already insured risk between insurance companies, which has its price, which is influenced by supply and demand. The author has proposed new approaches to the insurance service interpretation as a dominant, which causes the reinsurance market formation. It is shown that being traded in the reinsurance market, a reinsurance service is an important factor in the functioning and self-development of the market environment, it combines the interests of supply and demand holders and directly influences the market quality characteristics, causing trends of its further development. Supply and demand for a reinsurance service are influenced by both external and internal factors, the most important of them are: the capitalization level of insurers, the balance of their insurance portfolios, the condition of the state economy, the level of investment attractiveness, monetary and tax policy. The concepts of "reinsurance service demand" and "reinsurance service supply" have been clarified. Reinsurance service demand is a conscious and financially secured desire to buy reinsurance services. Reinsurance service supply is all services submitted in the reinsurance market.
Authors and Affiliations
Kateryna Tretiak
Keywords
Related Articles
- EP ID EP235290
- DOI 10.17721/1728-2667.2017/191-2/3
- Views 107
- Downloads 0
A Redefinition Of Telework Through Cloud Computing – Telework 2.0
In this paper we aim to analyse two paradigms, from the perspective of the mutual recursivity between them: telework and cloud computing. The main purpose of this scientific endeavour is to determine the level of support...
THE STATE OF ECONOMIC FREEDOM IN UKRAINE AND ITS IMPACT ON COMPETITIVENESS
The place of Ukraine in the world rankings, the level of economic freedom in Ukraine and its impact on competitiveness are considered in the article. The analysis of tendencies of development of Ukraine in the internatio...
SUSTAINABLE INSURANCE AS A KEY FACTOR OF SUSTAINABLE DEVELOPMENT SUPPORT
The role of the insurance sector in the sustainability development support was determined and the possible measures of economic and social loss reduction, based on risk management, risk transfer, and sustainable investme...
INNOVATIVE RESERVES OF LABOR PRODUCTIVITY IMPROVE IN NATIONAL ENTERPRISES OF SUGAR INDUSTRY
Overcoming the innovative inertia and effective use of innovative reserves of labor productivity increase in domestic sugar factories is an important step towards the revival of strategically important sector for Ukraine...
MARKETING RESEARCH: PROBLEM DETERMINATION AND PRACTICE OF QUESTIONNAIRE DEVELOPMENT (CASE OF CONSUMERS RISKS AT THE WINE MARKET)
The theoretical approach concerns determination of the aim of marketing research has revealed in the article. It allows formalization the analysis of marketing environment factors in a table form, estimation of the basic...