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The Insurance Instrument, A Pillar Of Support For The Financial Industry And Society

Author

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  • MILITARU, Iuliana

    (Romanian-American University, Bucharest, Romania)

Abstract

Insurance was during the pandemic the fourth most affected sector globally, after sectors such as the HoReCa industry, the banking sector and the energy sector. The pandemic phenomenon made many government institutions decide to reduce interest rates to minimum levels, with the expected effects on investment-dependent industries, which is why these decisions are reflected in the negative results recorded by the financial sector. In this paper, we propose, based on empirical data, to highlight the main challenges of the financial sector with a direct orientation towards the insurance sector and to propose solutions for the recovery of this sector.

Suggested Citation

  • MILITARU, Iuliana, 2022. "The Insurance Instrument, A Pillar Of Support For The Financial Industry And Society," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 178-183, October.
    • Handle: RePEc:vls:rojfme:v:10:y:2022:i:1:p:178-183
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    References listed on IDEAS

    as
    1. Peter Haiss & Kjell Sümegi, 2008. "The relationship between insurance and economic growth in Europe: a theoretical and empirical analysis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(4), pages 405-431, September.
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    More about this item

    Keywords

    financial instruments; finance; sustainability;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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