UTICAJ OSIGURAVAČA NA FINANSIJSKU STABILNOST

Abstract

In this paper, the author analyzes insurers influence on financial stability. She starts from two important insurers roles in the economy - one is the role of insurers as business entities that undertake risks from individuals and the economy, and the other is the role of insurers as institutional investors. The paper focuses on the role of insurers as institutional investors. The operations of these financial institutions have a significant impact on economic life, and their enormous financial power and different investment strategies can affect stability. But, there are no unified attitudes. That's why the paper talks about insurers behavior both in normal and stable times, as well as in times of financial crisis.