The role of development in the organization of insurance underwriting and risk management
The article sets out the conditions for enhancing the role of building owners / developers in the organization of insurance underwriting and risk management from the standpoint of the civil law foundations in the field of contractual relations and insurance. It is revealed, that in the process of management based on underwriting and other modern procedures of risk assessment there are created conditions for adequate predicting of the successful completion of construction, without departing from the scope of reasonable loss insurance. The author points at some gaps at the legislative level, the lag in the insurance companies` development, a critical attitude of builders / developers to insurance.