BUSINESS INFORM №10-2016

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48

Section: Finance, Money Circulation and Credit
UDC 368.029
Andrushchenko V. I.
The Essence and Functions of Underwriting in the Reinsurance (p. 325 - 329)
The article is aimed at defining the essence and basic functions of underwriting in the reinsurance, providing to disclose a system of economic relations in the implementation of underwriting and examine interests of the parties in organizing the reinsurance protection. The article substantiates the author's definition of underwriting in the reinsurance as a set of interrelated activities of insurer, which includes risk assessment, its quoting, choice of optimal reinsurance cover and, in appropriate cases, participating the reinsurer in the settlement of claims. A conclusion has been made about the role of underwriting in the reinsurance as an important factor in deciding by reinsurer as for a reinsurance protection. Functions of reinsurance in the underwriting have been identified, which disclose its economic nature: analytical, calculating, methodical, regulatory, and also a principally new function – balancing (distributing) has been defined.
Keywords: reinsurance, underwriting in the reinsurance, functions of underwriting in the reinsurance
Bibl.: 9.

Andrushchenko Vitaliy I. – Postgraduate Student, Department of Insurance, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Andrushchenko, Vitaliy I. (2016) “The Essence and Functions of Underwriting in the Reinsurance.” Business Inform 10:325–329.

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