LIFE INSURANCE SECURITISATION

One of the key trends of contemporary insurance and reinsurance market is the emergence of receivables and risk securitisation. In insurance, the basis for application of securitisation is the application of similar mechanisms in the banking industry. However, securitisation in the insurance industry has special characteristics in relation to banking. The aim of this paper is to lay foundations for future theoretical research and practical application of these mechanisms in Serbia, and to highlight the main concept of securitization in life insurance by presenting the main characteristics, advantages and disadvantages from different perspectives.