scholarly journals Empirical study of savings through life insurance in the Republic of Serbia

2021 ◽  
pp. 89-103
Author(s):  
Marija Lukić ◽  
Tatjana Piljan ◽  
Almir Muhović
Keyword(s):  
Life Insurance ◽  
Pension System ◽  
Premature Death ◽  
Pension Insurance ◽  
General Hypothesis ◽  
Current State ◽  
Life Saving ◽  
The Republic ◽  
Death And Loss

Life is a natural course, full of uncertainty and temptation of every human being. In order to make our lives more peaceful and have a more peaceful future, we are trying in various ways to secure ourselves and make our lives safer. Savings through insurance is a life-saving type of savings that involves the material protection of an individual against the risk of premature death and loss or loss of ability to earn money. In conditions where the solidarity-based pension system is unsustainable, it is necessary to develop voluntary pension insurance and savings through life insurance, as sources of long-term savings and additional sources of financing. The subject of this research is to answer the question of what people think about saving through life insurance. The main objective of this research is to evaluate the attitude of the residents of the Republic of Serbia towards saving through life insurance. The survey was conducted on the territory of the entire Republic of Serbia, on a suitable sample of 500 respondents. Through this paper, the citizens' attitude towards saving through life insurance in the Republic of Serbia is analyzed in one place. By analyzing the data from the survey, we can conclude that the general hypothesis is confirmed: Residents are not satisfied with the current state of savings through life insurance in the Republic of Serbia.

scholarly journals REFORMS OF FINANCING PENSION INSURANCE SYSTEM IN CONDITIONS OF TRANSITION

2017 ◽  
Vol 1 (12) ◽  
pp. 51
Author(s):  
Aleksandar Stojanović
Keyword(s):  
Old Age ◽  
Pension System ◽  
Pension Reform ◽  
Current System ◽  
Intergenerational Solidarity ◽  
Pension Insurance ◽  
Current State ◽  
The Social ◽  
Pension Insurance System

A serious crisis of the pension system has been present in Bosnia and Herzegovina, as well as in many other countries for many years. The current system, which functions on the concept of intergenerational solidarity is financially unsustainable, due to negative demographic and economic movements, as well as reduced number of the employed, and an increase in the number of pensioners. As the main objective of the pension system (the social security of citizens, ie protection against the risk of old age, disability and death) is not fulfilled, it seems that the reform of the pension system is necessary. It is necessary to answer the question: how to transform the pension system of intergenerational solidarity in a system of individual capitalized savings in a socially painless and affordable way?! The implementation of the pension reform aims to establish a long-term sustainable pension system that will provide quality protection from risk, old age, death, disability, and at the same time be consentaneous with economic and demographic movements andensure an adequate level of benefit to citizens in the later age.The aim of the paper is to define the wider, objective picture of the current state of the position of the pension system, as well as providing basic guidelines for the reform and development courses in the future.

scholarly journals Prospects of diversification and ensuring energy safety of Uzbekistan

2019 ◽  
Vol 139 ◽  
pp. 01002 ◽  
Author(s):  
Kahraman Allaev ◽  
Tokhir Makhmudov
Keyword(s):  
Renewable Energy ◽  
Energy Balance ◽  
Power Plant ◽  
Nuclear Power Plant ◽  
Energy Security ◽  
Nuclear Power ◽  
Power Plants ◽  
Current State ◽  
The Republic

The data on the current state of energy in Uzbekistan are given. The need to diversify the structure of the energy balance of the republic is shown, which ensures the energy security of the state in the medium and long term. It is argued that the construction of a nuclear power plant in Uzbekistan is not only expedient, but also necessary. In the future, renewable energy and nuclear power plants will become the basis of energy in Uzbekistan.

scholarly journals Current Issues of Crediting Investment Projects in Uzbekistan

2019 ◽  
Vol 5 (4) ◽  
pp. 353-358
Author(s):  
K. Khomitov
Keyword(s):  
Commercial Banks ◽  
Main Part ◽  
Real Sector ◽  
Investment Projects ◽  
Bank Deposits ◽  
Current State ◽  
Short Period ◽  
The Republic ◽  
Domestic Banks

The article analyzes the current state of lending to the economy as a whole and lending to investment projects in Uzbekistan. The main part of attracted investments is directed to the implementation of projects for the modernization, technical and technological renewal of branches of the real sector of the economy of the Uzbekistan. The investment potential of bank deposits is limited, since they are placed for a short period in order to preserve capital and cannot be invested by commercial banks in financing long-term loans. For domestic banks, it is important to reduce the rate of mandatory reserves of the Central Bank of the Republic of Uzbekistan.

Water Supply in the Republic of Serbia – State and Perspectives

2017 ◽  
Vol 17 (1) ◽  
pp. 28-36
Author(s):  
Marko Langovic ◽  
Vojislav Dedjanski
Keyword(s):  
Water Supply ◽  
Economic Activities ◽  
Surface Water Resources ◽  
General Terms ◽  
Current State ◽  
State Of Water ◽  
Quality Water ◽  
The Republic ◽  
Further Development

Abstract Water supply has pronounced priority, over other forms of water use. The term water supply includes the ensure of high quality water in general terms, for households, public needs and economic activities. The Republic of Serbia disposes with considerable underground and surface water resources, which are used for supplying, but it is required their rational utilization. The aim of this study is to show the current state of water supply on the territory of Serbia based on the analysis of the different indicators. One of the goal is to scan prevalent conditions and problems related to it and to propose optimal solutions. The survey includes an explanation of the long - term needs of the Republic of Serbia for fresh water (as well as share of different sources in the total water supply) and estimation of the possibility of satisfying that needs from available resources. On the base of that, there are adopted conclusions about basic directions of further development in the field of water management and water supply in Serbia.

scholarly journals 3D Printing for Medical Applications: Current State of the Art and Perspectives during the COVID-19 Crisis

Surgeries ◽  
2021 ◽  
Vol 2 (3) ◽  
pp. 244-259
Author(s):  
Andrew Hagen ◽  
Megan Chisling ◽  
Kevin House ◽  
Tal Katz ◽  
Laila Abelseth ◽  
...  
Keyword(s):  
3D Printing ◽  
Personal Protective Equipment ◽  
Protective Equipment ◽  
Long Term Effects ◽  
Extreme Stress ◽  
Current State ◽  
Life Saving ◽  
3D Printed ◽  
Recent Trends

The coronavirus SARS-CoV-2 pandemic has affected over one hundred million people worldwide and has resulted in over two million deaths. In addition to the toll that coronavirus takes on the health of humans infected with the virus and the potential long term effects of infection, the repercussions of the pandemic on the economy as well as on the healthcare system have been enormous. The global supply of equipment necessary for dealing with the pandemic experienced extreme stress as healthcare systems around the world attempted to acquire personal protective equipment for their workers and medical devices for treating COVID-19. This review describes how 3D printing is currently being used in life saving surgeries such as heart and lung surgery and how 3D printing can address some of the worldwide shortage of personal protective equipment, by examining recent trends of the use of 3D printing and how these technologies can be applied during and after the pandemic. We review the use of 3D printed models for treating the long term effects of COVID-19. We then focus on methods for generating face shields and different types of respirators. We conclude with areas for future investigation and application of 3D printing technology.

scholarly journals Balkan syndrome 20 years after NATO aggression

2020 ◽  
Vol 54 (4) ◽  
pp. 1122-1151
Author(s):  
Vanja Rokvić ◽  
Ivan Dimitrijević ◽  
Ivan Rakonjac
Keyword(s):  
Public Discourse ◽  
Social Impact ◽  
Negative Impact ◽  
Premature Death ◽  
Research Literature ◽  
The Public ◽  
Current State ◽  
The Social ◽  
Lost Productivity ◽  
The Republic

Debates on whether or not depleted uranium (DU) causes cancer and other diseases is a hot topic in the public discourse and quite controversial in the scholarly research literature. The issue has grown in importance in the Republic of Serbia after increased rates of morbidity and mortality from malignancies since the 1999 NATO aggression and its use of DU ammunition. At the same time, the fact that the peacekeeping contingents of foreign military personnel involved in clearing the contaminated areas subsequently developed malignant diseases led to what has become known as the Balkan Syndrome. Beside health implications, the social and economic burden of cancer is significant in all countries, especially in transitioning economies, because of health care spending as well as lost productivity due to morbidity and premature death. Therefore, the main aims of this article are to summarize and discuss the current state of knowledge about the negative impact of DU on human health and social impact of cancer, specifically in Serbia, and to encourage rigorous and objective examination of health impacts of DU ammunition and, ultimately, to spotlight the inextricable connection between public health and security, and the indispensable consideration of health from the perspective of national security.

scholarly journals The path forward for sustainability of the pension system in a historical context

Upravlenie ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 40-48
Author(s):  
J. Mertl ◽  
R. Valenčík
Keyword(s):  
Pension System ◽  
Current System ◽  
Historical Context ◽  
Retirement Age ◽  
System Reform ◽  
Pension Insurance ◽  
Individual Productivity ◽  
Merit System ◽  
Pension Insurance System

The long-term sustainability and stability of the pension insurance system can be provided on the basis of a pay-as-you-go system, specifically the NDC variant, which can combine the main type of solidarity (between those who can and want to be gainfully active and those for whom the insured event has occurred) with income solidarity. When reforming the pension system in this manner the opportunity arises to begin gradual changes through fully merit system reform and therefore significantly motivating of extending the period of productivity (putting off retirement) through the upgrade of this system for persons who have reached the retirement age as specified by law.This paper aims to substantiate and explore possible changes in this direction that will not endanger anyone’s entitlements when the reforms are implemented (they have got the form of Pareto improvement), as they derive their funds by extending the time of individual productivity. To this end, the possibility of introducing an extension on top of current system of pay-as-you-go insurance, which could be entered voluntarily by persons who have already reached or are near statutory retirement age, is proposed, and modeled. The extension would operate on the principle that the paid premiums will be transformed into a lifetime annuity. The system would be significantly motivating which for most people means extending life at the fullest, associated with the option to retain beneficial social contacts and gradually relax their gainful activity without experiencing an untoward decrease in income.

scholarly journals THE EFFECT OF MEDIA REPRESENTATION ON THE DEVELOPMENT OF BANCASSURANCE IN THE REPUBLIC OF SERBIA

2017 ◽  
pp. 043
Author(s):  
Nevenka Vojvodić-Miljković
Keyword(s):  
Life Insurance ◽  
Financial Services ◽  
Media Representation ◽  
Insurance Companies ◽  
Pension Insurance ◽  
Market Positioning ◽  
Sales Channel ◽  
Lack Of Information ◽  
The Republic ◽  
Faster Development

The intense competition among banks, in terms of narrowing the interest margins, has led to an increase in administrative and marketing expenses and has limited the profit margins of traditional banking products. At the same time, there has been a change in the preferences of bank clients in terms of reduced interest in investing in the classic banking products of the deposits-saving character and an increasing interest in investing in various forms of life and voluntary pension insurance. Accordingly, as well as with a number of other developments in the market for financial services in the last two decades, a connection between banks and insurance companies has been formed. This process is known as bancassurance. Bancassurance in its simplest form represents the distribution of insurance products through the branch network of banks as a sales channel. For banks this is a way to increase customer loyalty, the diversity of offers and the source of additional income in the form of a reimbursement paid by the insurer. In bancassurance, insurance companies see a relatively inexpensive sales channel of insurance compared to traditional channels, which allows them better market positioning and easier access to a higher quantity of clients. The largest success that bancassurance has had, is with the sale of life insurance, keeping in mind the similarity with the traditional deposit banking products. Past results of the implementation of bancassurance in the Republic of Serbia are insignificant in comparison to the value achieved on this basis in most EU countries. Apart from the objective factors, such results are caused by the lack of information among the population about the possibilities of purchasing different types of financial services in one place (in a bank) and numerous benefits which such integrated purchasing offers. The success of bancassurance largely depends on the determination of the participants (banks and insurance companies) to present the sales channel through the joint appearance on the market, continuous advertisement in the media, especially those who have access to the widest part of the population. For that reason, special emphasis is given to the influence of media representation for the faster development of bancassurance, which would result in greater awareness and education of the population on that basis, which can later cause an increase in life and non-life insurance sales, given the size of the client basis and sales capacities of Serbian commercial banks.

Disaster Reanimatology Potentials: A Structured Interview Study in Armenia

1991 ◽  
Vol 6 (2) ◽  
pp. 159-166 ◽  
Author(s):  
Edmund M. Ricci ◽  
Ernesto A. Pretto ◽  
Peter Safar ◽  
Miroslav Klain ◽  
Derek Angus ◽  
...  
Keyword(s):  
Structured Interview ◽  
Randomized Experiments ◽  
Long Term Effects ◽  
Interview Process ◽  
Life Saving ◽  
Future Events ◽  
The Republic ◽  
Time Required ◽  
Relief Efforts

AbstractThe study of a disaster which has occurred cannot be researched using the traditional techniques as it is not possible to conceive or conduct controlled, randomized experiments for such an event. Paper I of this series described non-experimental, scientific methodologies which were applied to study the detection-extrication-resuscitation activities which occurred following the devastating 1988 earthquake in the Republic of Armenia, USSR. This paper critically evaluates the methodologies used for the Armenia study and proposes modifications in these methods for application to the study of future disasters.Approaches which could be applied to the study of future disasters are defined and critically evaluated from the view of reliability, validity, costs, and practicability. The revised set of protocols is discussed in terms of: 1) the structured interview process; 2) training of personnel to conduct, synthesize, and evaluate the interviews; 3) the time required to complete the interview process; 4) sampling techniques; 5) mechanisms for cross-checking the data; and 6) the addition of preliminary data collection immediately following or during the event. Use of this revised approach should assist in the collection and analysis of data associated with future disasters so that it is possible to: 1) further enhance life-saving and reduce mortality; 2) improve relief efforts; 3) reduce damage to communities; 4) evaluate the long-term effects of such events; and 5) assist in better preparation for future events.

Further Reform of China’s Pension System: A Realistic Alternative Option to Fully Funded Individual Accounts

2007 ◽  
Vol 6 (2) ◽  
pp. 112-135
Author(s):  
Wei Zhang
Keyword(s):  
Capital Market ◽  
Pension System ◽  
Defined Contribution ◽  
Management Skills ◽  
Pension Insurance ◽  
Individual Account ◽  
System A ◽  
Financial Difficulties ◽  
The Individual

China's newly established three-pillar pension system consists of: basic pension; fully funded individual account; and voluntary commercial pension insurance. The second component faces immense financial difficulties caused by transitional costs in the short term and demographic changes in the long term. In addition, the inefficiency of the current capital market and the lack of fund management skills mean that these financial problems are unlikely to be solved within the existing framework of the fully funded individual account. This paper suggests another option—changing the fully funded individual account to a notional defined contribution individual account that operates on a pay-as-you-go basis. This change will keep the advantages of the individual account and avoid the huge risks caused by China's immature capital market.

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