An increasingly confirmed theory in recent decades claims that a product is purchased for what it represents for the customer, and not for what it is itself (subjective utility theory), the product is purchased for the service they provide, for the safety, for the comfort, for fashion, for what...

ERM (Enterprise Risk Management) should be considered a solution to the inherent problems within the undertakings. Without deceiving, it really stands for an optimization and replacement of insurance contracts, as a method of potential risk transfer. The way a manager deals with these realities...

The way in which insurance companies protect individuals is reflected at the level of the whole society. The more developed a society, the better it is protected – through insurance – against the various dangers its members are exposed to. Ethical, socially responsible behavior is not only...

Asset-liability management (ALM) is a term whose meaning has evolved. It is used in slightly different ways in different contexts. ALM was pioneered by financial institutions, but corporations now also apply ALM techniques. In banking, asset and liability management is the practice of managing...

The insurance companies that concentrate a large amount of funds that they seek to invest on the financial market in the most cost effective manner. That is why, in order to face the competition and achieve their goals, the insurer must take into account the interdependency between the activity...

Despite the international efforts on the development of a special surveillance regime, banks may become insolvent. The poor management, the excessive risk, the adverse conditions in the market or fraudulent practices can cause serious or even fatal financial problems. Therefore, the rules of...

The Romanian insurance market had and continues to have a similar evolution to the Romanian economy, being heavily influenced by changes in the environment. Nowadays, the insurance market is affected by the crisis. The evolution of the insurance market recorded an ascending trend till 2008, but...

Credit, the key word in today's society, considered as a control element of the market economy has its reverse: the risk. The risk is itself diverse: the risk of non-payment, the risk of late payment due either to bankruptcy to the debtor or natural, political, etc. events. If, in general, banks...

The development of the concept of risk management has a relatively recent history, progressing rapidly in recent decades. In the past, most banking institutions did not consider risk management to have an active role in daily operations. Risk monitoring should encourage banking institutions to...

This paper aims to be an analysis of the Romanian motor insurance market for the period 2006-2010. Motor insurances with those two component parts, motor own damage insurance (Casco) and motor third party liability insurance (MTPL), represent the greatest percentage of the general insurances,...