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Impact of the Financial Crisis on Life Insurance in Romania

Ana Preda () and Mirela Monea
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Ana Preda: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2011, vol. 11, issue 4, 245-254

Abstract: Whereas both worldwide and locally financial problems aggravate, it is hard to believe that people would search protection in life insurance policy, although in these times people’s need to be protected is much higher. Having in mind our possible future situation, when we might be in an economic impasse, the solution could be to contract a life insurance, which could basically provide protection, but on a long term, it might be a means of saving.

Keywords: insurance; financial crisis; insurance; investment; protection; risk (search for similar items in EconPapers)
JEL-codes: G01 G11 G22 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:pet:annals:v:11:y:2011:i:4:p:245-254