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As a result of intensified fluctuation in the business environment, the role and responsibilities of the top management and the board were significantly increased over the last 5 years. Traditional forms of risks are being readjusted or reevaluated, taking into consideration the markets †volatility and the decrease in the assets value. Added to that, regulations implemented across Europe in financial sector with the aim of customer protection require a new set of principles to be applied in the process of long-t...

Latest development of the insurance motor insurance in the central and eastern Europe denote a preoccupation of the insurance companies for the specific risks arising from underwritten policies. Based on a quantitative and qualitative analysis of the Romanian insurance market, the paper is presenting potential tendencies for the future development of the market, with severe implications on the risk management procedures of the insurance companies.

The financial crisis from 2008 reduced severly the interest of the population to sign life insurance, in spite of a slow increase in the probability of diseases, illnesses and even death. The risk appetite of the potential customers of life insurance also suffered a severe blow when unitlinked portfolios registered severe losses, so that the majority of life products chose and are still choosing traditional products in Romania, and even then only if they really need it. The paper intends to express the main factor...