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

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Author Info

  • Cristina Mihaela NAGY

    () (University "Tibiscus" of Timisoara)

  • Bogdan COTLET

    ()

  • Dumitru COTLET

    ()

  • Marina UHER

    () (West University of Timisoara)

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    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.

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    File URL: http://fse.tibiscus.ro/anale/Lucrari2012/kssue2012_058.pdf
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    Bibliographic Info

    Article provided by Faculty of Economics, Tibiscus University in Timisoara in its journal Anale. Seria Stiinte Economice. Timisoara.

    Volume (Year): XVIII (2012)
    Issue (Month): (May)
    Pages: 384-391

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    Handle: RePEc:tdt:annals:v:xviii:y:2012:p:384-391

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    Related research

    Keywords: insurance industry; financial results; losses;

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