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How Affected Was World Insurance Market by Global Crisis?

Author

Listed:
  • Ana Preda

    (University of Craiova, Romania)

  • Mirela Monea

    (University of Petrosani, Romania)

Abstract

Global economic and financial crisis triggered in 2008 had a significant impact with effects in economical life worldwide. Insurance industry wasn't spared but was less affected than other sectors of the world economy. The aim of the present paper is to underline the main crisis effects on global insurance market through a comparative study between different regions from the world, taking into consideration the main indicators which give us an insurance market dimension, such as: gross premium volume, insurance density and insurance penetration.

Suggested Citation

  • Ana Preda & Mirela Monea, 2013. "How Affected Was World Insurance Market by Global Crisis?," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 191-202.
    • Handle: RePEc:pet:annals:v:13:y:2013:i:2:p:191-202
    as

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    References listed on IDEAS

    as
    1. Gheorghe Matei & Ana Preda, 2012. "Romanian Insurance Market-Road to Recovery after Financial Crisis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(3), pages 147-158.
    2. Paul J.J. Welfens & Cillian Ryan (ed.), 2011. "Financial Market Integration and Growth," Springer Books, Springer, number 978-3-642-16274-9, June.
    3. Ana Preda, 2012. "Considerations Regarding Eu Life Insurance Market," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(40), pages 128-133.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    insurance market; financial crisis; gross premium written; insurance density; insurance penetration rate;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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