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The microeconomic and macroeconomic significance of reinsurance
[Mikroekonomický a makroekonomický význam zaistenia]

Author

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  • Zuzana Krátka

Abstract

Amongst the most significant macroeconomic functions of reinsurance are the stabilizing, innovative and accumulative functions. The most important microeconomic functions of reinsurance are the protection of the cedent and the protection of the insureds. Reinsurance increases the insurance companies' capacity, diversifies their risk portfolios, allows for quantitative and qualitative broadening of the accepted risks' spectrum, strengthens their solvency and economic stability and enables them to gain necessary know-how. In the long run, reinsurance is a stabilizing factor for not only individual insurance subjects but the entire economy as well.

Suggested Citation

  • Zuzana Krátka, 2009. "The microeconomic and macroeconomic significance of reinsurance [Mikroekonomický a makroekonomický význam zaistenia]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2009(2), pages 38-51.
    • Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:2:id:12:p:38-51
    DOI: 10.18267/j.aop.12
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    More about this item

    Keywords

    microeconomic functions of reinsurance; macroeconomic functions of reinsurance; role of reinsurance in the economy;
    All these keywords.

    JEL classification:

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

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