Abstract
The present study, the issues related to the development and features of Cargo insurance are considered as a way to manage the risk in the maritime transport of goods and cargo. The state, tendencies and prospects for development of this type of insurance are outlined, as well as the gross domestic product of the country. The study period is 2010-2019, ie the years after Bulgaria’s accession to the European Union. The results of the analysis confirm the strong link between maritime transport and insurance of transported goods and cargo, which leads to strong development in the insurance market as a whole. It was established that the rate of development of the gross domestic product of the country lags behind the rate of development of the transported goods and cargo by sea. On the other hand, the pace of development of freight insurance outpaces the pace of development of goods transported by sea and the rate of development of the country’s gross domestic product.
Highlights
A lot of businesses are looking for innovative ways to improve efficiency and maintain competitive advantage in order to survive [1,2,3]
This study focuses on the development of cargo insurance in the context of risk management of the maritime carrier of goods and cargo, and the subject - on the economic, legal and technical possibilities, features and problems faced by maritime carriers in concluding of Cargo insurance
There are several main objectives of economic policy, the priority of which depends on the specific state in which the economy is
Summary
A lot of businesses are looking for innovative ways to improve efficiency and maintain competitive advantage in order to survive [1,2,3]. Many Bulgarian and foreign authors have worked and expressed their opinions competently on the problems of the economy as a whole and insurance In this field we can distinguish part of the research of Pukala [4, 5], Mitkov [6], Bacho, Hkibko, Vnukova, Pola [7], Sushchenko [8], whose multi-layered analysis has enriched and expanded knowledge in this area. In this way solutions to important problems of economic and managerial practice are given from the standpoint of modern scientific achievements
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