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In a world where natural disasters are intensifying as frequency and severity over the population and material goods, the issue of insuring catastrophic risks is renewed as international specialized companies on this specific market are harder bargaining with local insurance companies. The...
Persistent link: https://www.econbiz.de/10010857221
After 6 years from the debut of the financial crisis, the insurance market in Romania is significantly feeling the effect of this phenomenon, by having to deal with a reduction in the appetite of the insurance consumer even for a typical policy such as CASCO or MTPL. The companies are prone to...
Persistent link: https://www.econbiz.de/10011234971
While the financial markets have to face systemic and systematic risks, especially the insurance industries, the national supervisory authorities intend to implement regulation systems as uniform as possible at regional level and in the same time as conservatory as possible from the point of...
Persistent link: https://www.econbiz.de/10010659092
In a decade when all activities are globalized, including insurance, the recent focus of the supervisory authorities became the leveling of the legal framework concerning the solvency requirements of the companies acting on the market (as a consequence of the 2008 crisis, much more acute in USA...
Persistent link: https://www.econbiz.de/10010618343