CATASTROPHIC RISKS IN BOSNIA AND HERZEGOVINA AND SERBIA WITH SPECIAL FOCUS ON THE FLOODS

Aleksandar Timotić

doi:10.7251/OIK1403007T

Authors

Aleksandar Timotić

DOI:

https://doi.org/10.7251/OIK1403007T

Keywords:

catastrophic risk, adverse event, stage managing catastrophic risks, ﬂoods, protection measures

Abstract

We are witnessing increasingly frequent occurrence of natural disasters both in the world and in the region of the former Yugoslav republics. Precisely, natural disasters are becoming one of the most significant problems in disrupting the further development of human civilization.

Catastrophic risks, occur as natural disasters, as well as due to the effects of human factors, leave behind huge material losses and casualties.

These risks are growing in intensity and frequency on a global scale, and are therefore one of the key threats to sustainable development in modern conditions.

References

European Commission. (2014). Assessment of the need for rehabilitation and reconstruction of Bosnia and Herzegovina. Retrived November 15, 2014. from http://ec.europa.eu/enlargement/pdf/press_corner/ﬂoods/procjena-potreba-za-oporavkom-i-obnovom-sazetak-u-eur.pdf

Fusek, G. (2005). Risk management in insurance. Svijet osiguranja, 4/2005, p. 218.

Kočović, J. (2014). Risk management in the insurance market of Serbia. Retrived November 15, 2014. from http://aktuar.rs/XII/1.ppt.

Kočović, J., Šulejić, P. i Rakonjac Antić, T. (2010). Insurance. Beograd: Centar za izdavačku delatnost Ekonomskog fakulteta u Beogradu.

Milanov, M. (2011). The analysis of the applicability cycles of catastrophic events in Serbia in the case of ﬂoods. Retrived November 15, 2014. from http://www.meteoplaneta.rs/wp-content/uploads/2012/04/ANALIZA-PRIMENLJIVOSTI-CIKLUSAKATASTROFALNIH-DOGADJAJA-USRBIJI-NA-PRIMERU-POPLAVA.pdf.

Pajčin, M. (2013). The impact of catastrophic risks to the business of insurance companies. Retrived November 12, 2014. from http://www.singipedia.singidunum.a c.rs/ att a chm ent.php? att a chm entid=3157&d=1368001390.

Pavlović, I. (2012). Insurance against natural disasters. Svet osiguranja, br. 3/2012, str. 16.

Reuters. (2010). Balkan ﬂoods kill three, cause major damage. Retrived November 20, 2014. from http://www.reuters.com/article/2010/12/06/balkansﬂoods-idUSLDE6B51U120101206.

Thywissen, K. (2006). Components of Risk: A Comparative Glossary. Bonn: United Nations University Institute for Environment and Human Security.

Trako, E. (2014). All levels of executive authority are blamed for the ﬂoods in Bosnia and Herzegovina. Preuzeto 10. novembra 2014. sa sajta http://www.avaz.ba/clanak/138401/zapoplave-u-bih-krivi-su-svi-nivoi-izvrsne-vlasti.

Vujović, R. (2009). Risk Management and Insurance. Beograd: Čugura print.