Risk sharing

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Risk sharing (allocation, distribution, repatriation) - a risk avoidance method that involves spreading the financial consequences of risk materialization between a larger group of entities. In the event of a risk, the individual entity is not charged with all financial effects, but may be financially liable for the loss suffered by another entity. In practice, risk sharing can take the form of, for example, consortia in the implementation of complex, risky and capital intensive undertakings or jointly sharing credit risk between the bank and the client in the form of a proportional distribution of future profits or losses on the invested funds.

In insurance, risk sharing is one of the tools for reducing the risk for the insurer. Risk sharing by insurance companies may consist of reinsurance (a part of insurance transactions with other insurance companies), risk exchange (exchange of policies) or securitization (exchange of insurance risk for securities). Bibliography

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