COOPERATION BETWEEN THE STATE AND REINSURANCE COMPANIES IN PREVENTIVE ACTIVITIES AND RECOVERY FROM THE CONSEQUENCES OF CATASTROPHIC LOSSES CAUSED BY NATURAL DISASTERS AND ACTS OF GOD

This paper deals with the connection between state institutions and insurance and reinsurance companies aimed at the development of preventive activities and mitigation of the eff ects of catastrophic losses caused by natural disasters and acts of god.

Key words: prevention, natural disasters (hail, frost and other perils), acts of God (earthquake, fl ood and draught), catastrophic losses, reinsurance, statistics of insurance and reinsurance sector.