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The impact of the crisis on the financial performance (results) of Romanian insurance companies

Author

Listed:
  • Cristina Mihaela NAGY

    (University "Tibiscus" of Timisoara)

  • Bogdan COTLET
  • Dumitru COTLET
  • Marina UHER

    (West University of Timisoara)

Abstract

The evolution of financial results reported by Romanian insurers to the commission for supervision of insurers in the context of the financial and economic crisis has spotlighted the fact that the insurance industry hasn’t been immune to the crisis. A number of 28 insurers have reported losses during the peak of the crisis in Romania, i.e. 2008, their number decreased to 23 insurance companies in 2010, this being due to companies practicing mainly life insurance, because the number of companies which registered profit had increased from 8 companies in 2008 to 13 companies in 2010.

Suggested Citation

  • Cristina Mihaela NAGY & Bogdan COTLET & Dumitru COTLET & Marina UHER, 2012. "The impact of the crisis on the financial performance (results) of Romanian insurance companies," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 384-391, May.
    • Handle: RePEc:tdt:annals:v:xviii:y:2012:p:384-391
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    File URL: http://fse.tibiscus.ro/anale/Lucrari2012/kssue2012_058.pdf
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    More about this item

    Keywords

    insurance industry; financial results; losses;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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