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Insurance And Reinsurance Catastrophic Risks In Romania: Present And Perspectives

Author

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  • Maria Bodnarciuc

    (Bucharest Academy of Economic Studies)

Abstract

Romanian society, as is the entire world, is faced with a multitude of catastrophic risks, which existed and will continue to exist and affect both the population, economy and environment. More high frequency of the catastrophic phenomena and their intensity increased in the last two decades, have determined the competent authorities in Romania to increased emphasis on identifying the concerns of insurance solutions to cope with major losses occurring in such situations. In this article we propose to introduce catastrophic risk insurance system in Romania and opportunities for improvement.

Suggested Citation

  • Maria Bodnarciuc, 2011. "Insurance And Reinsurance Catastrophic Risks In Romania: Present And Perspectives," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(558)(su), pages 147-153, July.
    • Handle: RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:147-153
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