ACTIVITIES EVOLUTION OF DISPOSAL OF RISKS IN

Abstract

Reinsurance arose from the need to complete once all area insurance and to support them financially. They were born in the occurrence of extreme high risk, which, if they would take an associative insurance, could go bankrupt. The first thought that comes to mind when you ask what insurers are useful is the "capacity and protection". But for a market like the one in Romania, the real answer is know-how. . We need both the ability and protection, but we also need knowledge. Reinsurance is a necessity, not a cost. We emphasize that, finally, reinsurance is considered an important action and be given increasingly more attention to the activity of insurance companies. Although in previous years, shareholders and managements of insurance companies not warranted allocating a budget of reinsurance, However reinsurance operations have always evolved in recent years, being made that there are more than necessary for the development of the insurance – reinsurance market in Romania Since both the insurance and reinsurance activities always aims to provide financial backstops against a wide range of potential hazards, the approach to identification, analysis, quantification, failure and risk assessment is an essential component of this area of insurance.

Keywords

• risks
• reinsurance
• insurance