Continuity and Performance on the Romanian Insurance Market in the Context of the New Macro-Prudential Supervision Requirements

Gabriela Bilevsky ()
Additional contact information
Gabriela Bilevsky: Institute For Economic Forecasting

Acta Universitatis Danubius. OEconomica, 2018, issue 14(5), 758-767

Abstract: Given the expansion of regulatory macro-prudential supervision concerns at an international level, the experiences of young democracies in their fight to ensure the protection of insurance holders, operators and investors against unfair, abusive and fraudulent practices can contribute to the stability, competitiveness and proper operation of the financial instrument markets. In Romania, the insurance market is quite small compared to other countries, due to the population’s lack of economic culture. However, the concentration of the insurance market in Romania is significant, given that 10 insurance companies cover about 80% of the insurance market, but also the fact that there is significant competition on the market, and no company holds a dominant position. In this study we analyzed the 2004-2016 activity of the best 3 Romanian insurance companies with a high degree of visibility due to their long-term continuity and influence on the domestic insurance market. Considering the increasing potential offered by Eastern Europe in general and Romania in particular, we believe that our study is particularly useful to specialists in the field interested in identifying ways to improve their investments in globalized financial instruments.

Keywords: financial stability; SOLVENCY II; Romanian insurance companies; economic and financial crisis; insurance indicators (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/oeconomica/article/view/5226/4605 (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:dug:actaec:y:2018:i:5:p:758-767

Access Statistics for this article

More articles in Acta Universitatis Danubius. OEconomica from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Daniela Robu ().