THE INSURANCE INSTRUMENT, A PILLAR OF SUPPORT FOR THE FINANCIAL INDUSTRY AND SOCIETY

Iuliana Militaru
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Iuliana Militaru: Romanian-American University, Bucharest, Romania

Journal of Financial and Monetary Economics, 2022, vol. 10, issue 1, 178-183

Abstract: Insurance was during the pandemic the fourth most affected sector globally, after sectors such as the HoReCa industry, the banking sector and the energy sector. The pandemic phenomenon made many government institutions decide to reduce interest rates to minimum levels, with the expected effects on investment-dependent industries, which is why these decisions are reflected in the negative results recorded by the financial sector. In this paper, we propose, based on empirical data, to highlight the main challenges of the financial sector with a direct orientation towards the insurance sector and to propose solutions for the recovery of this sector.

Keywords: financial instruments; finance; sustainability (search for similar items in EconPapers)
JEL-codes: G23 O16 Q56 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:10:y:2022:i:1:p:178-183

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