FINANCIAL INFORMATION AS BASIS FOR LIFE INSURANCE RISK MANAGEMENT
This paper discusses the financialinformation, accurately speaking, their sources andtheir use in the life insurance. The paper points outthe specificity of financial accounting in lifeinsurance as a source of these pieces ofinformation. The specificity arises from thestochastic properties and long-...
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| Format: | Article |
| Language: | English |
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Pale University of East Sarajevo
2011-01-01
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| Series: | Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu |
| Subjects: | |
| Online Access: | http://www.ekofis.org/images/dokumenti/Aktivnosti/zr2011/Dr%20Mira%20Pesic%20Andrijic.pdf |
| Summary: | This paper discusses the financialinformation, accurately speaking, their sources andtheir use in the life insurance. The paper points outthe specificity of financial accounting in lifeinsurance as a source of these pieces ofinformation. The specificity arises from thestochastic properties and long-term life of lifeinsurance. This means that the financial data andindicators should enable decision making toeffectively manage the risks of life insurance in thelong run, that is, decisions must be made for thefuture. Thus, one may conclude that accunting datanormally taken as deterministic measures, have asignificant degree of stochastic in life insuranceaccounting. |
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| ISSN: | 1840-3557 |