Naslov
Underwriting risks as determinants of insurance cycles: Case of Croatia

Autori
Jakovčević, Drago ; Mihelja Žaja, Maja

Izvornik
International Journal of Social, Management, Economics and Business Engineering (1307-6892) 8 (2014), 5; 1239-1246

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

Ključne riječi
insurance cycle; insurance risks; combined ratio; Republic of Croatia

Sažetak
The purpose of this paper is to analyze the influence and relative share of underwriting risks in explaining the variation in insurance cycles in subsequent periods. Through the insurance contracts they underwrite, insurance companies assume risks. Underwriting risks include pricing risk, reserve risk, reinsurance risk and occurrence risk. These risks pose major risks for property and liability insurers, and therefore their impact on the insurance cycle is important. The main goal of this paper is to determine the relative proportion of underwriting risks in explaining the variation of insurance cycle. In order to fulfill the main goal of the paper vector autoregressive model, VAR, will be applied.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA