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Actuarial Techniques to Assess The Financial Performance. Insurance Applications

Author

Listed:
  • Mihaela Botea

    (Academy of Economic Studies, Romania)

  • Marinel Nedeluţ

    (Financial Banking University Bucharest, Romania)

  • Corina Ioanăş

    (Academy of Economic Studies, Romania)

  • Mihaela Gruiescu

    (Romanian American University, Romania)

Abstract

The XXI century was marked by the convergence and harmonization, this century is distinguished in that it lays the foundation of accounting actuarial, which is characterized by up to date values and actuarial calculations. Actuarial accounting is reflected best in insurance system. In the market economy, insurance system is on one hand a means of protecting the business and property of citizens, on the other hand a business that generates profits. From this context, we can say that the subject of actuarial accounting is the measurement and recognition of assets and result of the change in time value of money. Time is an important variable considered in any economic decision investing and financing.

Suggested Citation

  • Mihaela Botea & Marinel Nedeluţ & Corina Ioanăş & Mihaela Gruiescu, 2012. "Actuarial Techniques to Assess The Financial Performance. Insurance Applications," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(2), pages 71-76.
  • Handle: RePEc:pet:annals:v:12:y:2012:i:2:p:71-76
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    More about this item

    Keywords

    present value; actuarial calculations; assessment; insurance; maximizing enterprise value; fruiting factor;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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