Regional Dynamics of Insurances in Romania

Dan Constantinescu (), Constantin Rotaru and Nicolae Jula

ERSA conference papers from European Regional Science Association

Abstract: In the paper we analyze the economic, social, cultural, institutional and political factors that determine regional demand for services like 'insurance'. As economic factors, we analyze the impact of non-governmental credit over the insurance market. Development of an econometric model is based not only on the actual loan methodology (involving the securities, life insurance for applicants and guarantors), but also on direct connections from the range of credit risk insurance products. On the other hand, non-government credit growth, by enhancing repayment commitments, leads to a reduction in financial resources that can be used, for example, to voluntary / optional insurances, not directly linked with loan process. Last but not least, above-mentioned interferences put footprint on specific partnerships, such as - for example - banc assurance. The residues from the regression equation specific to each region can be explained by social and cultural characteristics. Based on these results, we considered two scenarios for the regional evolution of Romanian insurance market, first determined by the significant factors of this process (GDP per capita, monthly net nominal average wage / capita, population, size of distribution network) as they were outlined in a previous study, the second taking into account the new predictions of non-governmental loan in terms of economic and financial crisis.

Date: 2011-09
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www-sre.wu.ac.at/ersa/ersaconfs/ersa10/ERSA2010finalpaper1296.pdf (application/pdf)

Related works:
Working Paper: REGIONAL DYNAMICS OF INSURANCES IN ROMANIA (2011)
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:wiw:wiwrsa:ersa10p1296

Access Statistics for this paper

More papers in ERSA conference papers from European Regional Science Association Welthandelsplatz 1, 1020 Vienna, Austria.
Bibliographic data for series maintained by Gunther Maier ().