Law Aspects and Trends for Life Insurance in the Republic of Macedonia

Rechkoski, Risto (2017) Law Aspects and Trends for Life Insurance in the Republic of Macedonia. International Journal of Business and Social Science, United States of America, ISSN 2219-1933(Print), 2219-6021 (Online), Global worldwide indexed Journal.

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Possibilities for insurance development in the Republic of Macedonia are growing through the time. Insurance is
multidisciplinary phenomenon and can be analyze from economic, actuary and law aspect. The aim of the paper
is to analyze law aspects for development of insurance, with particular accent of life insurance, as a main pillar
for insurance development. Law regulation of life insurance is in accordance with EU and world standards and it
gives possibilities for further development. With analyzing parameters, it can be concluded that numbers,
percentages of life insurance in total insurance are increased every year. This trend should be used from different
subjects affected by insurance. Also different laws, its implication, implementation and criminal prevention of
insurance fraud, will be analyzed in the paper with appropriate methodological instruments. All that should be
done in order to extract useful conclusions and recommendations for future development of the sector.
Keywords: insurance law, life insurance, development, economic growth

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Law
Scientific Fields (Frascati) > Social Sciences > Other social sciences
Divisions: Faculty of Tourism and Hospitality
Depositing User: Mr Bojan Sekulovski
Date Deposited: 31 Oct 2017 09:04
Last Modified: 06 Nov 2017 08:38

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