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Insurance Risks – Hedging Techniques

Author

Listed:
  • Botea Elena Mihaela

    (Academy of Economic Studies, Bucharest)

  • Sahlian Daniela Nicoleta

    (Academy of Economic Studies, Bucharest)

  • Stanila Oana Georgiana

    (Academy of Economic Studies, Bucharest)

Abstract

Insurance companies by their specific activity and by the variety of operations are exposed to a multitude of risks. We can say that the risk is the basic condition of the insurance. If there were no risks, there would be no insurance. Therefore, risk insurance is a specific element, being subject to any insurance contract. Seeking a definition for risk, one can say that “risk is a danger, a threat faced by goods, people, businesses and insurance companies may provide”. The insurance companies have to deal with specific risks as their field of activity: risks generated by undercutting premiums, incorrect sizing of technical reserves, unpredictable changes in the frequency of claims, an inadequate reinsurance and risk of general nature common to all types of businesses: incompetent management or maladministration development strategies, etc.

Suggested Citation

  • Botea Elena Mihaela & Sahlian Daniela Nicoleta & Stanila Oana Georgiana, 2011. "Insurance Risks – Hedging Techniques," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 232-235, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:232-235
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    More about this item

    Keywords

    ART; Hedging; CAT bonds; pools; reinsurance;
    All these keywords.

    JEL classification:

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

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