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A REAL MAP OF EUROPEAN LIFE INSURANCE MARKET – A SPATIAL APPROACH

Gabriel Armean and Gabriela-Mihaela Muresan
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Gabriel Armean: BABES-BOLYAI UNIVERSITY CLUJ-NAPOCA, ROMANIA
Gabriela-Mihaela Muresan: BABES-BOLYAI UNIVERSITY CLUJ-NAPOCA, ROMANIA

Annals - Economy Series, 2017, vol. 5, 15-22

Abstract: The purpose of the current paper is to emphasize the evolution of life insurance market. In order to capture a real picture a common proxy for insurance development was covering data from the twenty-eight European Union members. Starting the present analysis from the idea that the effects of the financial crisis were strongly felt in this market, the authors chose two different and representative years to show that countries such as Lithuania and Portugal have made the greatest progress, while the lowest values are recorded for Bulgaria, Croatia and Romania. Moreover, using techniques specific to the spatial statistics, the maps of findings support all investors to understand the similarities and differences between countries in terms of market penetration.

Keywords: life insurance; penetration rate; spatial statistics; development; maps. (search for similar items in EconPapers)
Date: 2017
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