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

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

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 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

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

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

Risk and perceived value: antecedents of customer satisfaction and loyalty in a sustainable business model

In the contemporary economic environment, each company that succeeds in creating and offering value to its clients/consumers will be able to survive in the market and even record profit for the medium and long time–thus value represents a driving force for a sustainable business model. Considering the significant role of perceived value within strategic management, the main purpose of this research is to identify and test an adequate conceptual frame in order to study the value concept and its connections with satisfaction, loyalty and perceived risk in order to offer a proper management tool for monitoring the sustainability of an existing business. So, this study proposed and tested concepts in the context of the S.M.E. market in Romania. Results show that both risk and value play a significant role in influencing satisfaction and customer loyalty, thus, in the end, company bottom line

The Unsustainable Use of Sand: Reporting on a Global Problem

Sand is considered one of the most consumed natural resource, being essential to many industries, including building construction, electronics, plastics, and water filtration. This paper assesses the environmental impact of sand extraction and the problems associated with its illegal exploitation. The analysis indicates that extracting sand at a greater rate than that at which it is naturally replenished has adverse consequences for fauna and flora. Further, illicit mining activities compound environmental damages and result in conflict, the loss of taxes/royalties, illegal work, and losses in the tourism industry. As sea-level rise associated with climate change threatens coastal areas, sand in coastal areas will play an increasingly greater role in determining the amount of damage from floods and erosion. The present analysis points to the need for swift action to regulate sand mining, monitoring, law enforcement, and international cooperation