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The Place of the Compulsory Insurance in a Market Economy

Author

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  • Georgi Draganov

Abstract

It is the custom in a market economy the compulsory insurance to give up its place to the voluntary insurance development. Based on the compulsory insurance characteristics and its application by countries with a market developed economy, we conclude that the compulsory insurance should not be neglected. It should be developed parallel with the voluntary insurance. But there are some types of insurance included in the “liability insurance form”, where the compulsory insurance is preferable

Suggested Citation

  • Georgi Draganov, 2014. "The Place of the Compulsory Insurance in a Market Economy," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 86-93, January.
    • Handle: RePEc:nwe:iisabg:y:2014:i:1:p:86-93
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    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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