REINSURANCE SERVICE AND ITS ECONOMIC NATURE

At the reinsurance market the object of purchase and sale is a specific product - a reinsurance service. According to several scientists' researches, the definition of a reinsurance service is clarified as a specific service in the form of selling legally formed liabilities concerning redistrib...

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Main Author: К. Tretiak
Format: Article
Language:deu
Published: Taras Shevchenko National University of Kyiv 2017-04-01
Series:Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка
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Online Access:http://bulletin-econom.univ.kiev.ua/wp-content/plugins/download-attachments/includes/download.php?id=8201
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author К. Tretiak
author_facet К. Tretiak
author_sort К. Tretiak
collection DOAJ
description At the reinsurance market the object of purchase and sale is a specific product - a reinsurance service. According to several scientists' researches, the definition of a reinsurance service is clarified as a specific service in the form of selling legally formed liabilities concerning redistribution of already insured risk between insurance companies, which has its price, which is influenced by supply and demand. The author has proposed new approaches to the insurance service interpretation as a dominant, which causes the reinsurance market formation. It is shown that being traded in the reinsurance market, a reinsurance service is an important factor in the functioning and self-development of the market environment, it combines the interests of supply and demand holders and directly influences the market quality characteristics, causing trends of its further development. Supply and demand for a reinsurance service are influenced by both external and internal factors, the most important of them are: the capitalization level of insurers, the balance of their insurance portfolios, the condition of the state economy, the level of investment attractiveness, monetary and tax policy. The concepts of "reinsurance service demand" and "reinsurance service supply" have been clarified. Reinsurance service demand is a conscious and financially secured desire to buy reinsurance services. Reinsurance service supply is all services submitted in the reinsurance market.
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publisher Taras Shevchenko National University of Kyiv
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series Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка
spelling doaj-art-e6652a14102c47a29d26b78a95f2f6062025-08-20T02:21:04ZdeuTaras Shevchenko National University of KyivВісник Київського національного університету імені Тараса Шевченка. Серія Економіка1728-26672079-908X2017-04-012191222810.17721/1728-2667.2017/191-2/3REINSURANCE SERVICE AND ITS ECONOMIC NATUREК. Tretiak0Kyiv National Economics University named after Vadym Hetman, Kyiv, UkraineAt the reinsurance market the object of purchase and sale is a specific product - a reinsurance service. According to several scientists' researches, the definition of a reinsurance service is clarified as a specific service in the form of selling legally formed liabilities concerning redistribution of already insured risk between insurance companies, which has its price, which is influenced by supply and demand. The author has proposed new approaches to the insurance service interpretation as a dominant, which causes the reinsurance market formation. It is shown that being traded in the reinsurance market, a reinsurance service is an important factor in the functioning and self-development of the market environment, it combines the interests of supply and demand holders and directly influences the market quality characteristics, causing trends of its further development. Supply and demand for a reinsurance service are influenced by both external and internal factors, the most important of them are: the capitalization level of insurers, the balance of their insurance portfolios, the condition of the state economy, the level of investment attractiveness, monetary and tax policy. The concepts of "reinsurance service demand" and "reinsurance service supply" have been clarified. Reinsurance service demand is a conscious and financially secured desire to buy reinsurance services. Reinsurance service supply is all services submitted in the reinsurance market.http://bulletin-econom.univ.kiev.ua/wp-content/plugins/download-attachments/includes/download.php?id=8201reinsurancereinsurance servicereinsurance service demandreinsurance service supply
spellingShingle К. Tretiak
REINSURANCE SERVICE AND ITS ECONOMIC NATURE
Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка
reinsurance
reinsurance service
reinsurance service demand
reinsurance service supply
title REINSURANCE SERVICE AND ITS ECONOMIC NATURE
title_full REINSURANCE SERVICE AND ITS ECONOMIC NATURE
title_fullStr REINSURANCE SERVICE AND ITS ECONOMIC NATURE
title_full_unstemmed REINSURANCE SERVICE AND ITS ECONOMIC NATURE
title_short REINSURANCE SERVICE AND ITS ECONOMIC NATURE
title_sort reinsurance service and its economic nature
topic reinsurance
reinsurance service
reinsurance service demand
reinsurance service supply
url http://bulletin-econom.univ.kiev.ua/wp-content/plugins/download-attachments/includes/download.php?id=8201
work_keys_str_mv AT ktretiak reinsuranceserviceanditseconomicnature