Natural Disasters Effects’ Financing Through Insurance in Romania (2010-2015)

Dan-Constantin Dănulețiu () and Adina-Elena Dănulețiu ()
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Dan-Constantin Dănulețiu: “1 Decembrie 1918” University of Alba Iulia, Romania
Adina-Elena Dănulețiu: “1 Decembrie 1918” University of Alba Iulia, Romania
Authors registered in the RePEc Author Service: Dan Constantin Dănuleţiu

Annals of the University of Petrosani, Economics, 2016, vol. 16, issue 1, 83-94

Abstract: The article analyse the necessity and evolution of the natural disasters effects’ financing through insurance in Romania. There are emphasized the legislation changes that affected the compulsory and voluntary insurance mechanisms and the results of the implementation of the compulsory insurance for natural disasters system at the national level, but also at the regional level. On this analysis, the article concludes about the causes of the evolutions highlighted, suggesting that the frequent changes of legislation, the low level of financial education of a large part of population, the un-applying of fines by local authorities for the people not respecting the law are one of the most important causes.

Keywords: disasters; risk; insurance; compulsory; voluntary (search for similar items in EconPapers)
JEL-codes: G22 Q54 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:16:y:2016:i:1:p:83-94

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