IDEAS home Printed from https://ideas.repec.org/a/tdt/annals/vxviiiy2012p384-391.html
   My bibliography  Save this article

The impact of the crisis on the financial performance (results) of Romanian insurance companies

Author

Listed:
  • Cristina Mihaela NAGY

    () (University "Tibiscus" of Timisoara)

  • Bogdan COTLET

    ()

  • Dumitru COTLET

    ()

  • Marina UHER

    () (West University of Timisoara)

Abstract

The evolution of financial results reported by Romanian insurers to the commission for supervision of insurers in the context of the financial and economic crisis has spotlighted the fact that the insurance industry hasn’t been immune to the crisis. A number of 28 insurers have reported losses during the peak of the crisis in Romania, i.e. 2008, their number decreased to 23 insurance companies in 2010, this being due to companies practicing mainly life insurance, because the number of companies which registered profit had increased from 8 companies in 2008 to 13 companies in 2010.

Suggested Citation

  • Cristina Mihaela NAGY & Bogdan COTLET & Dumitru COTLET & Marina UHER, 2012. "The impact of the crisis on the financial performance (results) of Romanian insurance companies," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 384-391, May.
  • Handle: RePEc:tdt:annals:v:xviii:y:2012:p:384-391
    as

    Download full text from publisher

    File URL: http://fse.tibiscus.ro/anale/Lucrari2012/kssue2012_058.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Hiltrop, Jean-Marie, 1996. "The impact of human resource management on organisational performance: Theory and research," European Management Journal, Elsevier, pages 628-637.
    2. Robert E. Quinn & John Rohrbaugh, 1983. "A Spatial Model of Effectiveness Criteria: Towards a Competing Values Approach to Organizational Analysis," Management Science, INFORMS, pages 363-377.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    insurance industry; financial results; losses;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tdt:annals:v:xviii:y:2012:p:384-391. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ramona Violeta Vasilescu). General contact details of provider: http://edirc.repec.org/data/fettiro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.