Theoretical and Applied Economics
No. 1 / 2015 (602), Spring
Impact of financial crisis on the decision making process for insurance consumers
Bucharest University of Economic Studies, Romania
Mihaela COVRIG
Bucharest University of Economic Studies, Romania
Adrian FEDEROVICI
Bucharest University of Economic Studies, Romania
Abstract. After 6 years from the debut of the financial crisis, the insurance market in Romania is significantly feeling the effect of this phenomenon, by having to deal with a reduction in the appetite of the insurance consumer even for a typical policy such as CASCO or MTPL.
The companies are prone to change their approach to the market due to the changes in the consumer's behavior. The paper aims to analyze the tendencies on the Romanian insurance market, based on an AHP analysis regarding the motivational factors taken into consideration by consumers when signing a CASCO insurance. The study conducted will reveal also whether or not the strategies currently implemented by insurance companies in this line of business are sufficiently appropriate, in this aftermath of the crisis, or should there be more of a change in this direction.
Keywords: insurance, trend, AHP analysis, consumer.
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Contents
- The credit impact on the economic growth
Daniel ARMEANU
Carmen PASCAL
Dorina POANTA
Cristina Andreea DOIA
- Predicting balance of payments crises
for some emerging economies
Archana KULKARNI
Bandi KAMAIAH
- Creativity and innovation – Sources of competitive advantage in
the value chain of tourism enterprises
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Aurelia-Felicia STĂNCIOIU
Anamaria Sidonia RĂVAR
Andreea BOTOȘ
- How to escape the middle income trap:
international evidence
from a binary dependent variable model
Can Tansel TUĞCU
- Environmental Kuznets curve. Evidence from Romania
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Corina-Ionela DUMITRESCU
Ioana-Ruxandra LIE
Răzvan-Mihai DOBRESCU
- Effects of economic crisis on the distribution
of earnings from Romania
Amalia CRISTESCU
Dorel AILENEI
- An approach of social policy in terms
of macro-stabilisation function
Anca-Maria GHERMAN
George-Marian ȘTEFAN
- Economy recovery risks which Romanian companies
has to cope with
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- The measurement of fiscal behavior in some European
countries: Panel data perspective
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- Romanian municipal bond market at Bucharest Stock
Exchange: further investigations
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Maria-Andrada GEORGESCU
- Inequality and economic growth:
theoretical and operational approach
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Liliana CRĂCIUN
- Measuring financial development in India:
A PCA approach
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- The role of rating agencies
in international financial market
Emilian-Constantin MIRICESCU
- Socioeconomic development index ranking
calculations of cities with fuzzy clustering method:
case of Turkey
Necati Alp ERİLLİ
- Fiscal transparency in the European Union
Alexandra ADAM
- Accelerating the development of learning organizations: Shifting
paradigms from current practice to human performance
improvement
John B. LAZĂR
Daniela ROBU
- Transferring business intelligence
and big data analysis from corporations
to governments as a hybrid leading indicator
Dumitru-Alexandru BODISLAV
- The impact of cultural and educational accumulations
on entrepreneurial behaviour.
Main issues encountered in theoretical approaches
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Ştefania-Cristina CUREA (NEAGU)
- Models for evaluating financial crisis – what went wrong
for developed and emerging economies?
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- Impact of financial crisis on the decision making process for
insurance consumers
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Mihaela COVRIG
Adrian FEDEROVICI
- Beyond the implementation of a dynamic stochastic general
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