Crisis Management in Insurance Companies

Cristina Elena Protopopescu and Anca-Mihaela Teau
Additional contact information
Cristina Elena Protopopescu: “Artifex” University, Bucharest
Anca-Mihaela Teau: “Artifex” University, Bucharest

Romanian Statistical Review Supplement, 2012, vol. 60, issue 2, 216-221

Abstract: In this paper we present some considerations about management in insurance companies during the present economic recession. The insurance companies are important players of the financial market, serving a number of economic functions, such as allowing risk transfer, helping companies and people save and invest, enabling entrepreneurial spirit and business initiatives. We will examine the way recession influenced the global insurance field but also our internal market and we will identify a series of managerial approaches in order to overstep the present difficulties but also to rise insurers’ competitiveness and to carry on a performent management in this domain. We have defined a series of managerial approaches such as: strategic management, management based processes orientation, management methodologization or changing organizational culture.

Keywords: insurance; global financial crisis; strategic management; processes based management (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.revistadestatistica.ro/suplimente/2012/2/srrs2_2012a31.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:rsr:supplm:v:60:y:2012:i:2:p:216-221

Access Statistics for this article

More articles in Romanian Statistical Review Supplement from Romanian Statistical Review Contact information at EDIRC.
Bibliographic data for series maintained by Adrian Visoiu ().