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Comparative study on the insurance market between AIG Life products and ASIROM Vienna Insurance Group

Author

Listed:
  • Nicodim Liliana
  • Nitu Claudiu Valentin
  • Bucur Cristina Raluca

    (“Ovidius” University Constanta
    Faculty of Dimitrie Cantemir Chiristian , University Bucuresti
    Faculty of Dimitrie Cantemir Chiristian , University Bucuresti,)

Abstract

An increasingly confirmed theory in recent decades claims that a product is purchased for what it represents for the customer, and not for what it is itself (subjective utility theory), the product is purchased for the service they provide, for the safety, for the comfort, for fashion, for what it gives to its user. Life insurance is a way of financial protection, safeguard and preserve the family property. It is part of a family financial plan, along with other real estate investments, shares, bank deposits, insurance is a guarantee fund related to the availability of needed cash in case of unexpected situations, without being affected the other saving forms, usually with pre-established terms.

Suggested Citation

  • Nicodim Liliana & Nitu Claudiu Valentin & Bucur Cristina Raluca, 2010. "Comparative study on the insurance market between AIG Life products and ASIROM Vienna Insurance Group," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1737-1740, May.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:1737-1740
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    More about this item

    Keywords

    market; insurance market; customer; financial plan; investment;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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