Catastrophic Risk and a Necessity of Using an Insurance Protection

• Autorzy: Irena Jędrzejczyk
• Języki publikacji: EN

Abstrakty

EN

Catastrophes of similar or greater scale have been observed in the world for many years. Particular countries have elaborated different systems of covering all related losses. The report on floods prepared by Munich Re stipulates that the problems in question are solved mutually by the state and the insurance sector. There are special financial systems that cover compensation related costs. In the USA, Switzerland and Spain flood risk is managed by means of a special fund. Private insurance companies function as intermediaries only, i.e. they sell insurances and pay compensations having to account to the fund for all their decisions. In France, if the state recognises a particular flood as natural disaster by issuing a special decree, a large part of compensations is paid from a disaster related fund. Pursuant to the 1982 law a special state owned company - Caisse Centrale de Reassurance (CCR) - was established The company deals with limited reinsurance of natural disasters related insurances. The fund in question is also subject to state subsidies. (fragment of text)

Słowa kluczowe

EN

Ecological disaster; Insurance of natural and disasters

PL

Katastrofa ekologiczna; Ubezpieczenia od klęsk żywiołowych i katastrof

• Czasopismo: Scientific Publications / University of Economics in Katowice
• Rocznik: 2007
• Tom: The insurance of catastrophic risk in the European Union and the global changes
• Strony: 9--20

Twórcy

autor

Irena Jędrzejczyk

• University of Economics in Katowice, Poland