PRILOG POIMANJU OSIGURANJA, REOSIGURANJA I SAOSIGURANJA / CONTRIBUTION TO UNDERSTANDING INSURANCE, REINSURANCE AND CO-INSURANCE

Abstract

In this paper we will try to provide some more interesting professional and scientific insight into the terms of insurance, reinsurance and co-insurance. In this regard, insurance is understood as an economic, service business based on the principles of mutuality and solidarity. That presupposes editing the regulation of the rights and obligations of the insured and the insurer when the contract is concluded, during the term of the insurance and in the payment of damages and liquidation of damages. The insurance atomize and equalize the risks at an acceptable, tolerable and much lower level. Atomizing risks to a large number of insured persons, shredding large damage to countless small and leveling them at essentially lower levels is the technical essence of insurance. For reinsurance, we say that it is the insurance of an insurance company that ensures the bad consequences of the collateral being secured by securing some or all of the risks to another insurer. Reinsurance to the insurer allows for coverage of large and serious risks, and it is concluded in cases of high value of the goods being secured or in special risks when the amounts are reimbursed to the extent that they could jeopardize the liquidity of the insurer. On that trajectory, co-insurance is the participation of two or more insurers in the conclusion of an insurance contract, so that each insurer takes over a certain part of the risk. That is, every insurer assumes a direct part of the risk and his obligation applies only to that part.