SOME ASPECTS OF RISKS IN EXTREME SPORTS INSURANCE

The authors’ intention in this paper was to analyse the terms ‘sport’ and ‘extreme sport,’ and their essential differences, the types of extreme sports insurance, as well as aspects of risk assessment before insurance contract formation. When conducting the research, conclusions were drawn from the available literature on the nature and specifics of certain extreme sports. The opinions and attitudes cited served to highlight the importance of some, but not all, aspects or features of extreme sports. This led to the following division of the paper into sections concerned with: the concept of sport and the origin and concept of extreme sports; types of risks in extreme sports insurance; aspects of risk assessment in the insurance of persons engaged in extreme sports and preventive measures in extreme sports. Sources of legal, psychological and general theory were used to explore the motives for extreme sports engagement, national regulations were used only when contextually necessary, and insurance conditions were used to examine the content and differences of various insurances in the Serbian and British markets.