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Trends And Challenges Of Romanian Brokerage Insurance Market

Author

Listed:
  • Dan Constantin DănuleÅ£iu
  • Adina Elena DănuleÅ£iu

Abstract

The distribution of insurance products represents a key aspect regarding the attainment of positive results by insurers. Insurance brokers represent one of the major distribution channels in some national markets, including Romania. The present paper aims at highlighting the importance of insurance brokerage on the Romanian market, analyzing the evolution of brokers in quantitative terms and also grasping the main characteristics of the recent evolution of this market. Based on the official statistics, the paper emphasizes the main managerial aspects that have guided and will guide the Romanian brokerage market, as well as the challenges brokers will have to solve in order to have a positive development.

Suggested Citation

  • Dan Constantin DănuleÅ£iu & Adina Elena DănuleÅ£iu, 2011. "Trends And Challenges Of Romanian Brokerage Insurance Market," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-24.
    • Handle: RePEc:alu:journl:v:2:y:2011:i:13:p:24
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1320112/24.pdf
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    References listed on IDEAS

    as
    1. Martina Eckardt & Solvig Räthke‐Döppner, 2010. "The Quality of Insurance Intermediary Services—Empirical Evidence for Germany," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(3), pages 667-701, September.
    2. Focht, Uwe & Richter, Andreas & Schiller, Jörg, 2009. "Intermediation and matching in insurance markets," FZID Discussion Papers 04-2009, University of Hohenheim, Center for Research on Innovation and Services (FZID).
    3. Gavriletea Marius, 2008. "Particularity of Selling Insurance for Romanian Insurance Companies," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 4, pages 264-274, May.
    4. Eckardt, Martina, 2002. "Agent and Broker Intermediaries in Insurance Markets -- An Empirical Analysis of Market Outcomes," Thuenen-Series of Applied Economic Theory 34, University of Rostock, Institute of Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    insurance; brokers; distribution channels;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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