@article{(Open Science Index):https://publications.waset.org/pdf/9998807,
	  title     = {The Effect of Catastrophic Losses on Insurance Cycle: Case of Croatia},
	  author    = {D. Jakovčević and  M. Mihelja Žaja},
	  country	= {},
	  institution	= {},
	  abstract     = {This paper provides an analysis of the insurance cycle in the Republic of Croatia and whether they are affected by catastrophic losses on a global level. In general, it is considered that insurance cycles are particularly pronounced in periods of financial crisis, but are also affected by the growing number of catastrophic losses. They cause the change of insurance cycle and premium growth and intensification and narrowing of the coverage conditions, so these variables move in the same direction and these phenomena point to a new cycle. The main goal of this paper is to determine the existence of insurance cycle in the Republic of Croatia and investigate whether catastrophic losses have an influence on insurance cycles.
	    journal   = {International Journal of Economics and Management Engineering},
	  volume    = {8},
	  number    = {6},
	  year      = {2014},
	  pages     = {1980 - 1986},
	  ee        = {https://publications.waset.org/pdf/9998807},
	  url   	= {https://publications.waset.org/vol/90},
	  bibsource = {https://publications.waset.org/},
	  issn  	= {eISSN: 1307-6892},
	  publisher = {World Academy of Science, Engineering and Technology},
	  index 	= {Open Science Index 90, 2014},