TRENDS AND CHALLENGES OF ROMANIAN BROKERAGE INSURANCE MARKET

The distribution of insurance products represents a key aspect regarding theattainment of positive results by insurers. Insurance brokers represent one of the majordistribution channels in some national markets, including Romania. The present paper aimsat highlighting the importance of insurance brokerage on the Romanian market, analyzing theevolution of brokers in quantitative terms and also grasping the main characteristics of therecent evolution of this market. Based on the official statistics, the paper emphasizes the mainmanagerial aspects that have guided and will guide the Romanian brokerage market, as wellas the challenges brokers will have to solve in order to have a positive development.insurance, brokers, distribution channels

Long- and Short-Term Impact of News Messages on House Prices: A Comparative Study of Spain and the United States

This study adopts data mining methods to analyze the short- and long-term dynamic between news message content and property prices in Spain and the United States. We construct news sentiment indices based on various text mining methods which exhibit remarkable similarities to the respective property prices. Comparing dictionary-based and dynamic approaches, our results indicate that static methods produce the best estimators for investor sentiment in real estate markets. Using a Vector Error Correction Model framework, we analyze similarities between real estate markets both in the short- and long-run. The main finding of this study is a significant relationship between news messages and property prices in the long-run. Our results are stable, including a number of fundamental variables, and are underlined by forecast error variance decompositions and impulse response estimates, which additionally highlight the appropriateness of news sentiment as a crucial determinant for decision making

An international comparison of the determinants and financial information quality in XBRL reporting environment

The rapid development of technology had impacted the way businesses communicate information to the stakeholders.eXtensible Business Reporting Language (XBRL) offers the ability to exchange financial information globally through a digitalized global standard language.To reduce information asymmetry, most studies on XBRL were carried out emphasizing on the reasons for the new technology adoption and intention for implementation, but studies on XBRL implications or effectiveness are still scarce.Expected to improve firm information dissemination, the post-implementation studies give more focus on the data quality and usage, but still no attempt to examine the effect of XBRL adoption on the quality of another means for information sharing, the internet financial reporting.Hence, this study aims to evaluate the differences (if any) in the quality of internet financial reporting of companies operating in the XBRL-mandated countries and companies operating in non-XBRL mandated countries

Insider Threat Prevention in the US Banking System

Insider threats have been a major problem for the US banking sector in recent years, costing billions of dollars in damages. To combat this, the implementation of effective cybersecurity measures is essential. This paper investigates the current state of insider threats to banks in the U.S., the associated costs, and the potential measures that can be taken to mitigate this risk. The development of a framework for the adoption of cybersecurity measures within the banking industry is the primary emphasis in order to stop fraud and lessen financial losses. Through a detailed examination of the literature, in-depth interviews with experts in the banking sector, and case studies of existing cybersecurity measures, this paper provides a comprehensive overview of the problem and potential remedies. Analysis of the research reveals that identity and access management, data encryption, and secure authentication are key components of any cybersecurity strategy. Furthermore, it is recommended that banks increase their technical capabilities and improve their employee awareness and training. The study concludes with a series of suggestions for enhancing banking industry cybersecurity and eventually reducing the danger of insider attacks. This paper explores the topic of insider threats in the US banking industry and presents cybersecurity measures to prevent fraud. Insider threats from people with access to sensitive data and systems present serious hazards to the banking industry, resulting in monetary losses, reputational harm, and compromised data integrity