International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Law Aspects and Trends for Life Insurance in the Republic of Macedonia
Prof. Ph.D. Risto B. Rechkoski, Full Professor

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.

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