MATEC Web Conf.
Volume 339, 2021International Conference on Sustainable Transport System and Maritime Logistics (ISTSML 2021)
|Number of page(s)||9|
|Published online||02 July 2021|
Risk management in maritime transport of goods through insurance
1 Air Force Academy „Georgy Benkovski“, Dolna Mitropolia, Bulgaria
2 St. Cyril and St. Methodius University of Veliko Tarnovo, Veliko Tarnovo, Bulgaria
3 St. Cyril and St. Methodius University of Veliko Tarnovo, Veliko Tarnovo, Bulgaria
* Corresponding author: firstname.lastname@example.org
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.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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