Citation

Bubnova YB, Stepanova MN. Transp. Res. Proc. 2022; 61: 132-138.

Copyright

(Copyright © 2022, Elsevier Publications)

DOI

10.1016/j.trpro.2022.01.022

PMID

unavailable

Abstract

The article reveals the specifics of the participation of insurance business entities and banks in minimizing the risks of railway transport enterprises. The authors identified the risks and areas of responsibility of these subjects. Insurance companies cover property risks and liability risks for causing harm to the life and health of members of the labor collective, third parties, and the environment. Banks cover commercial and financial risks associated with the implementation of current and investment activities. By implementing a complex of financial services based on ecosystems, banks synchronize them with the customer's life cycle due to the network effect. This allows them to assess the current financial situation of the client and his counterparties, identify and assess potential risks in a timely manner and apply mechanisms to minimize them.

Language: en

Keywords

banks; financial instruments; insurance companies; railway complex; risk