OPTIMAL MODEL FINANCIAL SOLUTIONS REALIZATION OF NATURAL DISASTERS IN THE CZECH REPUBLIC
Pages: 911-935 Published: 29 Aug 2014
Views: 2,332 Downloads: 841
Abstract: To maintain financial health and development of communities and regions is also important optimally configured model solution implementation risks of catastrophic range. In the article, attention will be paid only the impacts of natural hazards. By disposing of catastrophic damage occurs in the Czech Republic to the resulting moral hazard due to information asymmetry, which is the financial services sector – insurance – sensitive. Article aims to design optimal, fair, model of financial solution implementation of natural disasters in the Czech Republic.
Keywords: natural disasters, commercial insurance, role of the state, catastrophic risk