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The Effects Of Terrorism On The Insurance Sector

Author

Listed:
  • MARIUS GAVRILETEA

    (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

Nowadays worldwide is exposed to terrorism risk. The attacks from September 11th 2001, the incidents from Madrid and London have shown us that even if one have a performant security sistems and preventention measures in place, terrorism risks can not be entirely eliminated. Worldwide economy is in decline as many time as the terrorist atacks occurred. As a management solution, companies can use insurance products. All these negative events determine the insurers and reinsurers to reconsider the entirely procedure of partial or total of catastrophic coverage, including terrorism.

Suggested Citation

  • Marius Gavriletea, 2008. "The Effects Of Terrorism On The Insurance Sector," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    • Handle: RePEc:bbn:journl:2008_1_7_gavriletea
    as

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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_1_2008.pdf
    File Function: Revised version, 2008
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

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

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