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The Impact Of The Economic Crisis On Credit Insurance

Author

Listed:
  • Ciumas Cristina
  • Vaidean Viorela-Ligia
  • Manta Stefan
  • Sarlea Mihaela

Abstract

The insurance domain is one of the most complex and extensive areas of the market. However this field is very risk exposed especially in this period of economic instability. One of the most non-performant insurance products at this time is the credit insurance. Due to inability to pay and increasing bad loans, insurance companies have decided to remove these products from their portfolio. We believe that the signs that led to this situation have been very visible for a long time, but the insurance market players refused to give too much importance to them because they based their operations on the artificial strength of the whole system. In this paper we want to show how things have evolved on the credit insurance market as compared to the general insurance market, and if the present situation could have been anticipated and avoided.

Suggested Citation

  • Ciumas Cristina & Vaidean Viorela-Ligia & Manta Stefan & Sarlea Mihaela, 2010. "The Impact Of The Economic Crisis On Credit Insurance," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 339-342, July.
    • Handle: RePEc:ora:journl:v:1:y:2010:i:1:p:339-342
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    More about this item

    Keywords

    crisis; inflation; hazard; credits; performance; panel data;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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