INSURANCE AND REINSURANCE CATASTROPHIC RISKS IN ROMANIA: PRESENT AND PERSPECTIVES

Maria Bodnarciuc
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Maria Bodnarciuc: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 147-153

Abstract: Romanian society, as is the entire world, is faced with a multitude of catastrophic risks, which existed and will continue to exist and affect both the population, economy and environment. More high frequency of the catastrophic phenomena and their intensity increased in the last two decades, have determined the competent authorities in Romania to increased emphasis on identifying the concerns of insurance solutions to cope with major losses occurring in such situations. In this article we propose to introduce catastrophic risk insurance system in Romania and opportunities for improvement.

Keywords: catastrophic risks; insurance; reinsurance; insurance market; PAID – the (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:147-153

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