Model for an Insurance Market Analysis. New Challenges for Companies Management

Cristina Elena Protopopescu
Additional contact information
Cristina Elena Protopopescu: Universitatea Artifex, Bucuresti

Romanian Statistical Review Supplement, 2016, vol. 64, issue 5, 134-140

Abstract: In this paper we present some considerations about the Romanian insurance market and its evolution for the last six years. 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. All these are possible only on a stable and developed market. In order to describe our internal insurance sector we used some particular indicators such as gross written premium volume, insurance density and insurance penetration rate. Based on our conclusions we submit some directions to be followed in order to overstep the present situation of our insurance market. We think that some decisions must be taken by insurance companies management because more often lately insures are being reproached for their exclusive concern for rising profits despite of their basic activity and function which is delivering a proper financial cover for the policy holders.

Keywords: insurance market; insurance density and penetration; management; diversification strategy; product innovation (search for similar items in EconPapers)
JEL-codes: A1 G2 M1 (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revistadestatistica.ro/supliment/wp-con ... s_05_2016_a11_en.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:64:y:2016:i:5:p:134-140

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 ().