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Impact of Economic Crisis on Credit Insurance Market in Romania

Author

Listed:
  • Florina VÎRLANUTA

    (Dunarea de Jos University of Galati, Romania)

Abstract

Bank Insurance phenomenon can not be attributed primarily or banks or insurance institutions. Near the two sectors was due to mutations occurring in supply and demand for financial services. Convergence bankers and insurers are determined by common platform for each country of local influence by supervisors and reforms at the central level. Credit insurance has emerged as a necessity stemming from the fact that most trade agreements concluded in circumstances in which payment is partially or completely after delivery of the goods or services covered by the agreement, so the payment delayed or selling on credit.

Suggested Citation

  • Florina VÎRLANUTA, 2012. "Impact of Economic Crisis on Credit Insurance Market in Romania," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 39-44.
    • Handle: RePEc:ddj:fserec:y:2012:p:39-44
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