This paper presents a model that measures the impact of political risk on portfolio investment when the political risks are multivariate and correlated across countries. The multivariate approach generalizes the single country model but retains most of its characteristics in terms of its ability...

The current financial crisis had an important impact on economies all over the world. Romania – one of the Eastern European countries, considered just one year ago to have a good growth potential – is also absorbing the shock waves of this crisis. As expected, the first to respond to those...

Production risks, meaning weather and climate related risks, affecting agricultural activities could be managed through agricultural insurance. First, the paper presents the specific production risk in agriculture and the tools that are used to manage it

In the insurance industry there is a new way of thinking which determined the passage from transactional marketing to a holistic marketing concept. In this paper five key elements of holistic marketing are presented: relationship marketing, integrated mar

Maintaining a certainty degree for the agricultural producers in order to obtain stable and efficient results makes it both necessary and welcomes the protection through insurance and reinsurance in this field. In this paper we carry out an analysis regar

Nowadays, the insurance market in Romania can be characterized thus: a developing market both from a quantitative and a qualitative point of view, with demand concentrated in areas of above-average economic activity, having a varied supply and increasing

This paper analyzes the influence of the level of economic development as well as the level of taxation on insurance activity. To this purpose we reviewed the national and international literature and collected data on international level (for both year 2

The global financial and economic crisis is felt in almost all the companies that operate on the European financial and insurance markets. The European insurance and re-insurance industry would register a significant decrease of the investments and a redu

(VF)Les assureurs qui affirment ne pas vouloir se diversifier dans les métiers de la banque se raréfient ; la majorité des grands assureurs européens se sont lancés dans la banque, et de nouvelles expériences sont en train d’être menées. Ce travail est l’un des premiers à se...

In den vergangenen Jahrzehnten konnte weltweit ein drastischer Anstieg der Anzahl von Naturkatastrophen und der von diesen verursachten wirtschaftlichen Schäden beobachtet werden. Die größten Verursacher sind mit hoher Wahrscheinlichkeit die demographische Entwicklung und die gleichzeitige...