Forestry insurance
2004
Graudina, A. (Latvia Univ. of Agriculture, Jelgava (Latvia))
Insurance market is an institution that brings together the sellers (the insurers) and the buyers (the insured) of services. The central feature of insurance market is the insurance services price (the premium). Insurance price-setting process is complicated and depends on uncountable impacts as different climatic and moral hazards, and financial risks. These problems make the provision of insurance services price for a number of agricultural risks difficult and expensive. The objective is to find out how insurers deal with these problems in global and Latvian forest industry risk environment. The methods to be used: monographic method, description of different stages of risk management processes, induction and deduction methods.
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