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Insurance In Serbia
Insurance in Serbia refers to the market for risk in the Republic of Serbia. Insurance, generally, is a contract in which the insurer ( joint-stock insurance company, mutual insurance company, or reciprocal, for example), agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). For example, a property insurance company may agree to bear the risk that a particular piece of property (e.g., a car or a house) may suffer a specific type or types of damage or loss during a certain period of time in exchange for a fee from the policyholder who would otherwise be responsible for that damage or loss. That agreement takes the form of an insurance policy.Mayhall, Van, III, Insurance: Defined''Insurance Regulatory Law Retrieved 2011-06-09. History The earliest traces are found in medieval Serb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market (economics)
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods. Markets generally supplant gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for sale (local produce or stock registration). Markets can dif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grazer Wechselseitige Versicherung
Grazer Wechselseitige Versicherung or Graz Mutual Insurance Company is one of the largest Central European insurance companies. Its headquarters are located in Graz, Austria. History GRAWE was founded in 1828 by Archduke Johann as an "insurance institute for Styria, Carinthia and Carniola", with an original focus purely on fire insurance. Subsidiaries GRAWE is the fifth largest insurance group in Austria. GRAWE has subsidiaries in Central and Eastern European countries such as Slovenia, Croatia, Hungary, Serbia, Bosnia and Herzegovina, Ukraine, Bulgaria, Romania, Moldova, Macedonia, and Montenegro. Serbia GRAWE Osiguranje a.d. was registered as the first insurance company with foreign capital in Serbia. The company entered the Serbian market in 1997. GRAWE started out as a Greenfield investment with the aim to grow and develop in the Serbian market. Partnerships GRAWE has agreements with Kärntner Landesversicherung (Carinthian insurance), Niederösterreichischen Versicherun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vienna Insurance Group
Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) with its registered office in Vienna, Austria, is one of the largest international insurance groups in Central and Eastern Europe with approximately 25,000 employees. History History of Vienna Insurance Group dates back to 1824, with the founding of the ''k.u.k. priv. wechselseitige Brandschaden Versicherung''. In the end of the 1980s, the company started expanding in central and eastern Europe, founding Kooperativa in Czechoslovakia. In 1994, the company was transformed into a corporation, and 11% of the stock was introduced on the Vienna Stock Exchange, in the form of preferred shares. Those were changed into common shares in 2005, as the company increased its capital by about €900 million to finance acquisitions. In 2006, the brand Vienna Insurance Group was introduced as a global brand. In central and eastern Europe, subsidiaries use it next to their original name. In 2008, a new capital increase permitted t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DDOR Novi Sad
DDOR Novi Sad ( sr-cyr, ДДОР Нови Сад) is a Serbian insurance company based in Novi Sad, Serbia. It is the third largest insurance company in Serbia, offering auto, home, commercial and life insurance. History In 1945, the government founded the ''National Insurance and Reinsurance Bureau'' after the Second World War. By 1950 two offices were set up in Novi Sad. Both offices started operating as branch offices of NIB. By the end of 1961, the ''National Insurance Bureau'' was dissolved. The former NIB's branch offices became insurance bureaus but new insurance bureaus were also founded to cover the area of one or more municipalities. On the basis of provisions of the ''Law on Insurance Bureau'' and ''Communities of Insurance'' (terminology used during socialism), at the end of 1961, the municipality of Novi Sad made the decision with regard to establishing of the "Novi Sad" Insurance Bureau. Their activities were carried out on the territory of the municipality of Novi S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assicurazioni Generali
Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or simply Generali Group is an Italian insurance company based in Trieste. As of 2019, it is the largest of its kind in Italy and among the top ten largest insurance companies in the world by net premiums and assets. The company was founded on December 26, 1831, as ('Imperial and Royal Privileged Company for General Austrian-Italian Insurances'). At the time, Trieste was the most important seaport of the Austrian Empire. The company grew in importance, becoming one of the largest insurance operators both in Italy and in Central Europe. , the company ranks 57th on the Fortune Global 500 list of companies and 43rd on MITs worldwide "Smartest Companies" ranking in 2015. Generali's major competitors at the international level are AXA, Allianz and Zurich Insurance Group. Operations Generali operates primarily in Europe, the Middle East, and East Asia, with large market shares in Italy, Czech Republic, Poland, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Contract
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. Available through HeinOnline. The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer.Wollner KS. (1999). How to Draft and Interpret Insurance Policies. Casualty Risk Publishing LLC. In some cases, however, supplementary writings such as letters sent after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is “effect of uncertainty on objectives”. The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas (business, economics, environment, finance, information technology, health, insurance, safety, security etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and generic guidelines on managing risks faced by organizations. Definitions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guild
A guild ( ) is an association of artisans and merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as organizations of tradesmen belonging to a professional association. They sometimes depended on grants of letters patent from a monarch or other ruler to enforce the flow of trade to their self-employed members, and to retain ownership of tools and the supply of materials, but were mostly regulated by the city government. A lasting legacy of traditional guilds are the guildhalls constructed and used as guild meeting-places. Guild members found guilty of cheating the public would be fined or banned from the guild. Typically the key "privilege" was that only guild members were allowed to sell their goods or practice their skill within the city. There might be controls on minimum or maximum prices, hours of trading, numbers of apprentices, and many other things. These rules reduced free competition, but sometimes mainta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dušan's Code
Dušan's Code ( sr-cyr, Душанов законик, ''Dušanov zakonik'', known historically as ''Закон благовјернаго цара Стефана'' – Law of the pious Emperor Stefan) is a compilation of several legal systems that was enacted by Stefan Uroš IV Dušan of Serbia in 1349. It was used in the Serbian Empire and the succeeding Serbian Despotate. It is considered an early constitution, or close to it; an advanced set of laws which regulated all aspects of life. Background On 16 April 1346 (Easter), Dušan convoked a huge assembly at Skopje, attended by the Serbian Archbishop Joanikije II, the Archbishop of Ochrid Nikolaj I, the Bulgarian Patriarch Simeon and various religious leaders of Mount Athos. The assembly and clerics agreed on, and then ceremonially performed the raising of the autocephalous Serbian Archbishopric to the status of Serbian Patriarchate. The Archbishop from then on was titled Serbian Patriarch, although one document called him ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
