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Gabriela Bilevsky ()
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Gabriela Bilevsky: Institute for Economic Forecasting, Romanian Academy

Internal Auditing and Risk Management, 2019, vol. 56, issue 4, 48-57

Abstract: This paper shows the extreme way in which three Romanian insurance companies went through important economic-financial moments between 2004-2016 (Romania’s accession to the EU starting January 1, 2007; the economic-financial crisis of 2008- 2010; introduction and application of the new system of macro prudential supervision Solvency II from January 1, 2016). The evolution of these companies is studied based on the main financial indicators in the Annual Financial Reports of each company. The three companies chosen are: ABC Asigurări which has the lowest market share, Asito Kapital which has undergone changes in the total structure of the shareholding and Carpatica - a company declared insolvent, in bankruptcy procedure, concluding with the withdrawal of the company’s operating license as of 27.07.2018.

Keywords: SOLVENCY II; financial insurance evolution; Romanian insurance companies (search for similar items in EconPapers)
JEL-codes: G19 G20 G22 G28 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:ath:journl:v:56:y:2019:i:4:p:48-57