Abstract
The insurance business is vital for today's economies, since by means of insurance policyholders can satisfy their need for protection and accumulate additional value. Further, insurance and reinsurance contracts are essential for the risk management of corporates. Few companies operate without some amount of coverage. The typical insurance includes a risk transfer mechanism. It allows the entity buying insurance to transfer the loss arising from specific risks, perils, or hazards from its equity holder to the insurance provider and its shareholders.
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© 2011 Gabler Verlag | Springer Fachmedien Wiesbaden GmbH
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Weber, C. (2011). Insurance Business and its Risk. In: Insurance Linked Securities. Gabler. https://doi.org/10.1007/978-3-8349-6788-6_2
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DOI: https://doi.org/10.1007/978-3-8349-6788-6_2
Publisher Name: Gabler
Print ISBN: 978-3-8349-2860-3
Online ISBN: 978-3-8349-6788-6
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