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Deployment Effects Of The Solvency Ii Prudential Indicators On Romanian Insurance Companies

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  • Gabriela BILEVSKY

    (Institute for Economic Forecasting, Romanian Academy)

Abstract

This paper shows the extreme way in which three Romanian insurance companies went through important economic-financial moments between 2004-2016 (Romania’s accession to the EU starting January 1, 2007; the economic-financial crisis of 2008- 2010; introduction and application of the new system of macro prudential supervision Solvency II from January 1, 2016). The evolution of these companies is studied based on the main financial indicators in the Annual Financial Reports of each company. The three companies chosen are: ABC Asigurări which has the lowest market share, Asito Kapital which has undergone changes in the total structure of the shareholding and Carpatica - a company declared insolvent, in bankruptcy procedure, concluding with the withdrawal of the company’s operating license as of 27.07.2018.

Suggested Citation

  • Gabriela BILEVSKY, 2019. "Deployment Effects Of The Solvency Ii Prudential Indicators On Romanian Insurance Companies," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 56(4), pages 48-57, December.
    • Handle: RePEc:ath:journl:v:56:y:2019:i:4:p:48-57
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    References listed on IDEAS

    as
    1. Martin Eling & Hato Schmeiser, 2010. "Insurance and the Credit Crisis: Impact and Ten Consequences for Risk Management and Supervision," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 35(1), pages 9-34, January.
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    More about this item

    Keywords

    SOLVENCY II; financial insurance evolution; Romanian insurance companies;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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