The impact of the crisis on the financial performance (results) of Romanian insurance companies

Cristina Mihaela Nagy (), Bogdan Cotlet (), Dumitru Cotlet () and Marina Uher ()
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Cristina Mihaela Nagy: University "Tibiscus" of Timisoara
Marina Uher: West University of Timisoara

Anale. Seria Stiinte Economice. Timisoara, 2012, vol. XVIII, 384-391

Abstract: The evolution of financial results reported by Romanian insurers to the commission for supervision of insurers in the context of the financial and economic crisis has spotlighted the fact that the insurance industry hasn’t been immune to the crisis. A number of 28 insurers have reported losses during the peak of the crisis in Romania, i.e. 2008, their number decreased to 23 insurance companies in 2010, this being due to companies practicing mainly life insurance, because the number of companies which registered profit had increased from 8 companies in 2008 to 13 companies in 2010.

Keywords: insurance industry; financial results; losses (search for similar items in EconPapers)
JEL-codes: G22 M41 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:tdt:annals:v:xviii:y:2012:p:384-391

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