DEVELOPMENTS AND TRENDS IN THE LIFE INSURANCE MARKET IN ROMANIA

Florina Oana Virlanuta () and Daniela Nechita ()
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Florina Oana Virlanuta: Dunarea de Jos University of Galati, Romania
Daniela Nechita: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2013, 186-190

Abstract: An essential aspect in the life and evolution of man since ancient times was the concern for the future, fear combined with care and wisdom certainly accomplished something. The events of our lives fast moving and often they occur unpredictably. We need to make sure that our family is safe and receiving all the financial support it needs. Evolving from simple function of protection in case of death, life insurance became more complex, and at the moment we can choose one of the following forms of insurance. Life insurance is a form of financial protection of human in case of an accident, illness, disability or death. In this regard we propose an analysis of the life insurance market in Romania.

Keywords: life insurance; insurance density; market insurance (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2013:p:186-190

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