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Home Insurance, A Social Protection Instrument By Reducing The Impact Of Natural Disasters

Author

Listed:
  • Bogdan Narcis, Fîrtescu

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration, Romania)

  • Elena Doina, Dascalu

    (Romanian Court of Accounts)

Abstract

This scientific approach addresses the issue of Romania home insurance in the context of the changes in the legal framework, namely in context of establishing the Insurance Pole against Natural Disasters. The research has as its starting point the need to reduce the risk of natural disasters in our country and it highlights the home insurance market dynamics between 2008 and 2016 in order to identify the market malfunctions. We have intended to answer the following question: "How the home insurance market can be made more effective?" The research hypotheses in order to give possible answers are the following: "Is the national legislation in force an appropriate framework?", "Has the home insurance market segment been supported by the national authorities upon models from developed countries?"

Suggested Citation

  • Bogdan Narcis, Fîrtescu & Elena Doina, Dascalu, 2017. "Home Insurance, A Social Protection Instrument By Reducing The Impact Of Natural Disasters," Management Strategies Journal, Constantin Brancoveanu University, vol. 35(1), pages 143-152.
  • Handle: RePEc:brc:journl:v:35:y:2017:i:1:p:143-152
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    More about this item

    Keywords

    home insurance market; social protection; insurance pole against natural disasters; risk of natural disasters;
    All these keywords.

    JEL classification:

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

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