ERM (Enterprise Risk Management) should be considered a solution to the inherent problems within the undertakings. Without deceiving, it really stands for an optimization and replacement of insurance contracts, as a method of potential risk transfer. The way a manager deals with these realities...

Asset-liability management (ALM) is a term whose meaning has evolved. It is used in slightly different ways in different contexts. ALM was pioneered by financial institutions, but corporations now also apply ALM techniques. In banking, asset and liability management is the practice of managing...

The development of the concept of risk management has a relatively recent history, progressing rapidly in recent decades. In the past, most banking institutions did not consider risk management to have an active role in daily operations. Risk monitoring should encourage banking institutions to...

In prezent, the European nuclear private insurance sector is structured in pools because none of the existing insurance companies are able to provide the required capacity on an individual basis or under conventional arrangements. Every pool is organised by the principle of streamlining nuclear...

In the literature can be found different analysis or comparisons among systems of insurance solvency, and here can be mentioned [1], [2], [3], [4], [5], but in everyone of these works the analysis or the comparison is centred on similarities and differences among certain systems of solvency,...

Export credit insurance covers a multitude of export risks which will be grouped according to the moment when the risk occurs and its nature. Credit insurance is designed to provide protection against economic agents against risks specific to export. Credit insurance is designed to provide...

”While analyzing the current economic crisis, which we can consider the first ever global crisis that started with banking problems, we are asking if this crisis was strictly a financial one or a crisis due to the phenomenon called globalization. What caused the global financial crisis was the...

Insurance companies by their specific activity and by the variety of operations are exposed to a multitude of risks. We can say that the risk is the basic condition of the insurance. If there were no risks, there would be no insurance. Therefore, risk insurance is a specific element, being...

The way in which insurance companies protect individuals is reflected at the level of the whole society. The more developed a society, the better it is protected – through insurance – against the various dangers its members are exposed to. Ethical, socially responsible behavior is not only...

Given that the limitations, the weaknesses of the economic activity in general have been enhanced by the financial crisis, the role of the insurance companies is undeniable. This because enable households and businesses to manage their risks effectively, ensuring the recovery and even...