The issue of the commercial insurance market and insurance of non-life risks

The article is devoted to insurance of international risks as a part of non-life risks in the Slovak Republic. In the European Union, as well as in developed economies, the economic relations are expanding beyond the borders of the countries. The economic relations that arise between two or more countries generally bring many new risks, but also opportunities to anticipate these risks or eliminate and remove them. Many of the risks are transferred from one country to another. In the Slovak insurance market, the entities dealing with insuring international risks are commercial insurance companies, which are members of the Slovak Association of Insurance Companies (SAP). Until December 31, 2015 there were 21 commercial insurance companies in the Slovak insurance market, of which 20 were associated in SAP. Commercial insurance companies offer a wide range of insurance products including products aimed at insuring international risks.