ECONOMIC EFFICIENCY OF IMPROVING THE REINSURANCE SYSTEM
DOI:
https://doi.org/10.55640/Keywords:
Reinsurance; economic efficiency; risk transfer; insurance stability; solvency; risk management; cost-benefit analysis; reinsurance optimization; insurance profitability; financial sustainability.Abstract
This study examines the economic efficiency of improving the reinsurance system, focusing on its role in enhancing the stability and sustainability of insurance companies. Reinsurance allows insurers to transfer part of their risks to other specialized companies, thereby reducing potential financial losses and ensuring solvency. The research analyzes key methods for optimizing reinsurance practices, including risk assessment, cost-benefit evaluation, diversification of reinsurance arrangements, and the use of innovative financial instruments. Findings indicate that an efficient reinsurance system contributes to economic stability, risk management, and profitability in the insurance sector, while supporting sustainable growth in both national and international markets.
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