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Impact of the Financial Crisis on Life Insurance in Romania

Author

Listed:
  • Ana Preda

    (University of Craiova, Romania)

  • Mirela Monea

    (University of Petroșani, Romania)

Abstract

Whereas both worldwide and locally financial problems aggravate, it is hard to believe that people would search protection in life insurance policy, although in these times people’s need to be protected is much higher. Having in mind our possible future situation, when we might be in an economic impasse, the solution could be to contract a life insurance, which could basically provide protection, but on a long term, it might be a means of saving.

Suggested Citation

  • Ana Preda & Mirela Monea, 2011. "Impact of the Financial Crisis on Life Insurance in Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(4), pages 245-254.
    • Handle: RePEc:pet:annals:v:11:y:2011:i:4:p:245-254
    as

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    File URL: http://upet.ro/annals/economics/pdf/2011/part4/Preda-Monea.pdf
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    References listed on IDEAS

    as
    1. Møller,Thomas & Steffensen,Mogens, 2007. "Market-Valuation Methods in Life and Pension Insurance," Cambridge Books, Cambridge University Press, number 9780521868778, September.
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    More about this item

    Keywords

    insurance; financial crisis; insurance; investment; protection; risk;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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