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Insurance Market: Competition And Opportunities

Author

Listed:
  • Mădălina Giorgiana Mangra

    (University of Craiova Faculty of Economics and Business Administration)

  • Marieta Stanciu

    (University of Craiova Faculty of Economics and Business Administration)

  • Gabriel Ioan Mangra

    (University of Craiova Faculty of Physical Education and Sports)

Abstract

The insurance activity was focused from the very beginning on the need of protection that its members requested taking into consideration the dangers that affected their physical and moral integrity, as a result of the appearance of the devastating phenomena, disease, epidemics, the pollution of the environment and also as a result of the consequences of illegal behavioral actions that human factors had in the process of destruction and degradation of goods, in health damage and in the prejudice of body integrity. The variety of deals is a consequence of the competition which is present in the insurance market and the brokerage market. The clients’ tendency to use the compulsory insurance, in fact the civil liability insurance and the home insurance, is reflected in the belief that the insurer’s duties and rights are established by law. The clients’ desire to use optional insurance is based on the financial posibilities of the insured and the rights and duties of the parts are established by contract.

Suggested Citation

  • Mădălina Giorgiana Mangra & Marieta Stanciu & Gabriel Ioan Mangra, 2019. "Insurance Market: Competition And Opportunities," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(47), pages 135-142, December.
    • Handle: RePEc:aio:aucsse:v:2:y:2019:i:47:p:135-142
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    File URL: http://feaa.ucv.ro/annals/v2_2019/016.pdf
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    References listed on IDEAS

    as
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    2. Reinhart, Carmen & Rogoff, Kenneth, 2010. "Debt and Growth Revisited," MPRA Paper 24376, University Library of Munich, Germany.
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    More about this item

    Keywords

    insurance; protection; opportunities; insurance market.;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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