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Terrorism Impact on Insurance Industry

Author

Listed:
  • Liviu UZLAU

    (UNAP – Carol I)

Abstract

Terrorism is a more and more discussed topic. All over the world common people and experts talk about victims, casualties and physical damage. What about economic effects? Not only in terms of costs, but also regarding how terrorist acts affect different branches of the economy. Before 2001, September 11th insurance industry did not think about taking into consideration terrorist risk and assess them accordingly. In financial terms, does this industry gain or lose? In the following work a few issues regarding these questions might be answered.

Suggested Citation

  • Liviu UZLAU, 2015. "Terrorism Impact on Insurance Industry," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 3(2), pages 45-51, June.
    • Handle: RePEc:hyp:journl:v:3:y:2015:i:2:p:45-51
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    File URL: http://hej.hyperion.ro/articles/2(3)_2015/HEJ%20nr2(3)_2015_Y1Uzlau.pdf
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    More about this item

    Keywords

    terrorism; terrorist attacks; insurance industry;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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