Baiescu Alin’s scientific contributions

The practice of insurance is permanently confronting with a delicate problem related to the real value of property insurance. In this paper we will analyze thecorrelations between real value, insured sum and market value for motors' insurance, homeowners' insurance and insurance for stock of goods. The sum insured may genereate an adequate value for the insured object, or a subinsurance, and this fact will be put into evidence through compensation principles.also, we will present practical and technical situations in order to maintain the insured sum at the real value level, and this autimatically will generate a full compensation of any loss."

“The Romanian insurance market is facing at this moment with a great problem – related to motors insurance. In the last months some of the insurance companies offered more expensive policies. This fact is generated by some factors that will be debated in the paper: the motor losses are increasing continuously, the profitability of them is almost 5%, and once with Romania EU’ integration the compulsory motor insurance is combined with Green card insurance. The sum insured of the Green card in that case is very high. Among the measures that insurance companies must adopt is the introduction of deductible for every loss/event, the negotiation with services in order to decrease the hourly tariff and substitution pieces. We will do in this paper a case study in order to see how the insurance market for motors evolved and to see what factors are taken into account by the insurance companies in their methodology of pricing. ”

We have all noticed in the last years the huge number of changes that took place in the social, political, economical and technological fields, phenomena that led to substantial changes including in the management practices of many small, medium and large companies. In this new trend can also be included the social responsibility phenomenon of different companies (including the insurance ones). This paper explains that social responsibility implies the idea that insurance companies, along with their commercial activities, must be also involved in voluntary actions that do not generate an immediate benefit in terms of profits or other pecuniary earnings. At present, there is a real argue between the specialists regarding what really means to be a social responsible insurance company, if an insurer should be interested only in obtaining profits or its concerns should also take in consideration activities that generate global benefits for the entire society. Of course, there are many specialists that promote the social responsibility attitude and others that are against such behavior.From a brief analyze of the behaviors of different insurers,