IDEAS home Printed from https://ideas.repec.org/a/agr/journl/vxxy2013ispecial-ip52-60.html
   My bibliography  Save this article

Developments In The Insurance Industry In Europe In Economic And Financial Crisis

Author

Listed:
  • Viorel Crăciuneanu

    (Bucharest University of Economic Studies)

Abstract

This paper analyzes the evolution of the insurance sector in Europe, focusing on the European Union member states, and considering the impact of economic and financial crisis on that sector. The European private insurance market is a developed market having an investment portfolio of 7740 billion Euro in 2011, an amount corresponding to 55% of the GDP of the 32 European markets members of Insurance Europe. Therefore, the importance of this sector as a long-term investor and major employer is obvious for the stability and growth of European economy. However, the insurance sector has been considerably affected since 2009 due to the global financial and economic crisis, which has had negative effects not only on the evolution of the value of insurance premiums underwritten, but also on the return on investment of the insurance companies.

Suggested Citation

  • Viorel Crăciuneanu, 2013. "Developments In The Insurance Industry In Europe In Economic And Financial Crisis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special I), pages 52-60, March.
    • Handle: RePEc:agr:journl:v:xx:y:2013:i:special-i:p:52-60
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/suplimente/International_Finance_and_Banking_Conference_FI_BA_2013_XIth_Ed.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:xx:y:2013:i:special-i:p:52-60. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marin Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.