@article{MAKHILLTSS2016112924074,
    title = {Conflict-Compromise Methodology for Resolution of
Conflict in Insurance Relations},
    journal = {The Social Sciences},
    volume = {11},
    number = {29},
    pages = {6928-6932},
    year = {2016},
    issn = {1818-5800},
    doi = {sscience.2016.6928.6932},
    url = {https://makhillpublications.co/view-article.php?issn=1818-5800&doi=sscience.2016.6928.6932},
    author = {N.N.,L.K.,M.A.,N.A. and},
    keywords = {Insurance market,insurer,policyholder,conflict-compromise methodology,managerial,dysfunction,local compromise},
    abstract = {The study explores the essence of insurance in terms of objectives of participants involved in
insurance economic relations. These contradictory objectives, together with the dual role of the insurer in the
processes of insurance and reinsurance are the fundamental factors influencing the development of the
insurance market. The study analyzes the possibility of conflict resolution through the paradigm of
conflict-compromise management. The researchers demonstrate the advantages of the conflict-compromise
methodology in resolving conflict between the participants of the insurance market. The use of this
methodology facilitates elimination of managerial dysfunctions in managing the risk of the policyholder and
the insurer through achieving local compromises. The researcher of the study consider the insurance risk model
as a logical conjunction of the policyholde’s loss risk probability and the size of these losses caused by
dangerous fortuitous events. The researcher consider risk prevention and adjustments in insurance rate
structure as ways to eliminate contradictions for the benefit of the main insurance market participants.}
    }