THE DEVELOPMENT LEVEL OF THE INSURANCE MARKET IN THE EU

Cristina Mihaela Nagy ()
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Cristina Mihaela Nagy: ”TIBISCUS” UNIVERSITY OF TIMIŞOARA, FACULTY OF ECONOMICS

Anale. Seria Stiinte Economice. Timisoara, 2012, vol. XVIII/Supplement, 304-311

Abstract: At present, insurance has become an important sector of the national economy. The percentage of insurance penetration rate in GDP can reach up to 13% and is generally much higher as the country reached a higher level of economic development, for example, the average of this indicator in the EU-27 in year 2009 was 8,5%, while in Romania it is 1,5%, this figure shows that there is a large untapped potential in the insurance market.

Keywords: The penetration rate; general insurance penetration level; the penetration degree of non-life insurance (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2012
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