INSURANCE MARKET: COMPETITION AND OPPORTUNITIES

Mădălina Giorgiana Mangra, Marieta Stanciu and Gabriel Ioan Mangra
Additional contact information
Mădălina Giorgiana Mangra: University of Craiova Faculty of Economics and Business Administration
Marieta Stanciu: University of Craiova Faculty of Economics and Business Administration
Gabriel Ioan Mangra: University of Craiova Faculty of Physical Education and Sports

Annals of University of Craiova - Economic Sciences Series, 2019, vol. 2, issue 47, 135-142

Abstract: The insurance activity was focused from the very beginning on the need of protection that its members requested taking into consideration the dangers that affected their physical and moral integrity, as a result of the appearance of the devastating phenomena, disease, epidemics, the pollution of the environment and also as a result of the consequences of illegal behavioral actions that human factors had in the process of destruction and degradation of goods, in health damage and in the prejudice of body integrity. The variety of deals is a consequence of the competition which is present in the insurance market and the brokerage market. The clients’ tendency to use the compulsory insurance, in fact the civil liability insurance and the home insurance, is reflected in the belief that the insurer’s duties and rights are established by law. The clients’ desire to use optional insurance is based on the financial posibilities of the insured and the rights and duties of the parts are established by contract.

Keywords: insurance; protection; opportunities; insurance market. (search for similar items in EconPapers)
JEL-codes: G22 G23 G29 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/annals/v2_2019/016.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2019:i:47:p:135-142

Access Statistics for this article

Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru

More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Anca Bandoi ( this e-mail address is bad, please contact ).