THE EFFECTS OF THE ENERGY TO ECOSYSTEM AND RISK MANAGEMENT SOLUTION FOR COVERING THE POTENTIAL LOSSES

In this paper we analyse the influence on climate change by one of the most important factors: the energy production and consumption, who caused in the last decades important damages to the ecosystems. The available resources of energy production are quitenergy, climate change, risk management, catastrophe, insurance

Interferences Between e-Commerce and Insurance

Internet use grew faster than any other technology in the last few years and it has a powerful impact on international commerce development. New opportunities appear for small and medium companies which use the internet to make commerce across the borders. Citizens save their time and money making payments on the internet, ordering goods and services using their home computers. With all this advantages, a wide variety of barriers show up and disturb the internet activity. Using the internet, companies can be affected by the losses of revenues, losses of information, security dates, reputation damage, interruption of activity, theft of private information, etc. To cover all this internet risks, insurers develop new products in order to meet all the company and citizens expectations.electronic commerce, internet risks, insurance

Particularity of Selling Insurance for Romanian Insurance Companies

It is already known that marketing has a very important role for the success of each type business. Insurance sector is an industry with continuously modification towards insured risks, exclusions and quotations. The competition in the Romanian insurance industry is a really tough one, and the insurance companies that will adopt better marketing strategies will be successful and profitable ones. As a part of marketing field, distribution channels in insurance grew in importance in the last decade. In this paper we will present the main distribution channels in insurance field separately for non-life insurance and for life insurance. We will observe some statistics in Europe related to the distribution channels, and we will analyze them. The Romanian insurance companies that take into account the official statistics related to distribution channels in Europe, will be most profitable in the next years.insurance, distribution channel, system, broker, agent, banc assurance.

Connexions Between Motor Leasing and Insurance in Romania

The purpose of this paper is to show how important leasing is for companies and individual persons. We will analyze the leasing market, the auto market (because a great part of the leasing financing is for new vehicles) and present some real cases. Because every leasing contract involves an insurance policy, we will analyze the most important aspects of such a policy, the terms and some delicate problems. It will be presented how insurance differs from a leasing contract to a common insurance policy.leasing, insurance, risk assessment, loss handle

ROMANIAN COMPULSORY MOTOR THIRD PARTY LIABILITY INSURANCE IN 2010 AND THE PREDICTABLE FUTURE

Insurance coverage is mandatory for the motor’s owners. Analyzing the condition of theinsurance market trough 2010, by the gross written insurance premiums and the losses compensationsin the same period, the study analyzes the Romanian bonus-malus system, by comparing it with thebonus-malus system of other states. The study reveals the impact of bonus-malus clause, and also theimpact of the economic and financial crisis upon insurance market, the insufficiencies of the MTPLsystem and the ways of improving it. In the last part of this study, we analyze the future changes thatthe insurance companies have to make in according with the elimination of the discrimination troughgender in this insurance field.mandatory insurance, insurance premium, Romanian bonus-malus system

The Complexity of E-Insurance

The importance and increasing role of Internet in nowadays business area are officially recognized. No matter the industry a company is operating in, the distribution channels include direct sales through Internet. Following this idea, also the insurance companies decided to sell their insurance policy online. In this paper we analyze the advantages of Internet for insurance companies, the threats and the actual situation for Romanian insurersInternet, online, risk, insurance, technology

Catastrophe risk management in Romania and Transylvania’ specifics. Issues for national and local administrations

Worldwide catastrophic events have increased significantly in the last century and caused global economic losses and impacted people lives. Given the circumstances it is necessary for all countries to set up policies, procedures in order to identify, to evaluate, manage and monitor catastrophic risks. Insurance represents one of the solution available in the market for managing catastrophic risks. This paper will study the attitudes of different European countries towards catastrophic risk protection and then we study the Romanian Pool Against Natural Disaster. We concentrate the research on two major areas, earthquakes and floods risks, based on the fact that Romania is most exposed to these risks

Do stringent environmental and business regulations, and uncertainty matter for foreign direct investment inflows? Evidence from G7 and BRICS economies

This paper empirically evaluates the impact of environment stringency policy, business regulations, policy and economic uncertainty, and real GDP per capita on foreign direct investment (FDI) inflows by employing the autoregressive distributed lag approach and using data from 2000 to 2015. Specifically, we focus on two groups of countries with different economic development, the Group of Seven (G7) and the BRICS countries, and the composite indices of business and environmental regulations and policyinduced uncertainty, along with real gross domestic capital (GDP) per capita, were selected to reflect the multidimensionality of the settings in the selected countries. Our results indicate that only the effect of real GDP per capita turned out to be homogenous and statistically significant across different income groups and time horizons. Findings also show that more friendly business regulations significantly encourage FDI inflows in the long run, but there is a bottom line. When regulations are already at a low level, as is the case with G7 countries, further liberalization would adversely affect FDI inflows. Furthermore, more stringent environmental regulations have a marginally adverse effect on FDI inflows only in the long run. At the same time, they weakly support the pollution haven hypothesis. The impact of policy-induced uncertainty on investment is adverse but largely nonsignificant in the short run. It appears that cross-border investments follow a pattern of the safe-haven effect to avoid uncertainty in the long run

THE CLIMATIC CHANGES INFLUENCE ON ROMANIAN AGRICULTURE SECTOR

Nowadays the entire world is confronting with different serious problems: economic crises, climate changes, increase of the population and many others. The accelerate rhythm of climate changes in the last years strongly affects the agriculture system. In this paper we will focus on the evolution of mean temperature and its effects on agriculture. The continuously global warming generates extreme meteorological phenomena, especially floods and heavy rains that destroy the crops. We will also analyze the existing situation in Romania related to agriculture risks (influenced by meteorological phenomena), the modalities that the Romanian Government and the insurance companies come to help the agriculture companies to decrease the exposure to specific risks. In conclusion, we will present pertinent solution for agriculture system in order to manage the delicate problems caused by climatic changes in Romania

Impact of banking sector development and environment on population health: evidence from EU transition countries

This study explores the short and long-run effects of banking sector development and the environment on population health in EU member transition states through second-generation panel cointegration and causality analyses. The causality analysis revealed a significant causality between banking sector development and population health, but the causality direction varied depending on the indicator of banking sector development. Also, a one-way causality from greenhouse gas emissions per capita to population health was revealed. Furthermore, the cointegration analysis revealed that banking sector development had a very weak positive influence on population health in Bulgaria, Croatia, Estonia, Romania, Slovakia, and Slovenia, but had a very weak negative influence on population health in Hungary, Latvia, Lithuania, Poland. On the other hand, greenhouse gas emissions per capita had a negative effect on population health in Bulgaria, Croatia, Lithuania, and Romania. Lastly, real GDP per capita had a very weak positive influence on population health in Czech Republic, Hungary, Latvia, Lithuania, and Slovenia. Measures against environmental degradation need to be adopted to improve population health. Since the consumption of fossil fuels is the primary source of CO2 emissions, policymakers should find proper policy tools for reducing emissions by finding the right balance between costs and benefits