The impact of the crisis on the financial performance (results) of Romanian insurance companies
AbstractThe 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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Bibliographic InfoArticle provided by Faculty of Economics, Tibiscus University in Timisoara in its journal Anale. Seria Stiinte Economice. Timisoara.
Volume (Year): XVIII (2012)
Issue (Month): (May)
insurance industry; financial results; losses;
Find related papers by JEL classification:
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
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