Review article
THE IMPLICATIONS OF THE FINANCIAL CRISIS TO THE INSURANCE INDUSTRY – GLOBAL AND REGIONAL PERSPECTIVE
Boris Marović
Vladimir Njegomir
Rado Maksimović
Abstract
This paper analyses the impact of global financial crisis on individual functional operations and
resulting insurance industry's relationships with regulators, rating agencies, insureds, reinsurers and
capital market investors in order to determine current insurance industry position and to derive a
conclusion on necessary measures that have to be taken by insurance companies. The research results
indicate that global financial crisis has negative impact on all aspects of insurance companies'
business and suggest the need to focus on core business activities and the necessity of further
improvement of holistic risk and capital management of global and regional insurers with the aim to
overcome problems imposed by financial crisis.
Keywords
financial crisis; recession; insurance; reinsurance; risk management
Hrčak ID:
57917
URI
Publication date:
1.7.2010.
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