THE EFFECTS OF TERRORISM ON THE INSURANCE SECTOR

Marius Gavriletea ()

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, 2008

Abstract: Nowadays worldwide is exposed to terrorism risk. The attacks from September 11th 2001, the incidents from Madrid and London have shown us that even if one have a performant security sistems and preventention measures in place, terrorism risks can not be entirely eliminated. Worldwide economy is in decline as many time as the terrorist atacks occurred. As a management solution, companies can use insurance products. All these negative events determine the insurers and reinsurers to reconsider the entirely procedure of partial or total of catastrophic coverage, including terrorism.

Keywords: earthquake; floods; insurance; risk management; compulsory (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2008
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http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_1_2008.pdf Revised version, 2008 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:bbn:journl:2008_1_7_gavriletea

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