New trends in catastrophic risk insurance in Romania

Dumitru Badea, Laura Elly Naghi and Mihaela Covrig
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Dumitru Badea: Bucharest University of Economic Studies, Romania
Laura Elly Naghi: Bucharest University of Economic Studies, Romania
Mihaela Covrig: Bucharest University of Economic Studies, Romania
Authors registered in the RePEc Author Service: Laura Elly Novac

Theoretical and Applied Economics, 2014, vol. XXI, issue Special, 9-14

Abstract: In a world where natural disasters are intensifying as frequency and severity over the population and material goods, the issue of insuring catastrophic risks is renewed as international specialized companies on this specific market are harder bargaining with local insurance companies. The implementation of Solvency II framework at European level brings about new restrictions concerning risk profile of companies that undertake to offer coverage in this area and thus it is interesting to observe the influence of the legal and technical framework over the actual CAT insurance policies. This paper intends to show the impact of international market changes on the Romanian insurance market and the approach of the insurance companies on CAT risks.

Keywords: CAT risks; prudential; Solvency II. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxi:y:2014:i:special:p:9-14

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