Naslov
The Effect of Catastrophic Losses on Insurance Cycle: Case of Croatia

Autori
Jakovčević, Drago ; Mihelja Žaja, Maja

Izvornik
International Journal of Social, Management, Economics and Business Engineering (1307-6892) 8 (2014), 14; 1966-1972

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Catastrophic loss; insurance cycle; premium; Republic of Croatia

Sažetak
This paper provides an analysis of the insurance cycle in the Republic of Croatia and whether they are affected by catastrophic losses on a global level. In general, it is considered that insurance cycles are particularly pronounced in periods of financial crisis, but are also affected by the growing number of catastrophic losses. They cause the change of insurance cycle and premium growth and intensification and narrowing of the coverage conditions, so these variables move in the same direction and these phenomena point to a new cycle. The main goal of this paper is to determine the existence of insurance cycle in the Republic of Croatia and investigate whether catastrophic losses have an influence on insurance cycles.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA