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Is the Insurance Market in Romania Prepared for the Impact with the European Union One? International Level Comparisons

Mirela Cristea (), Narcis Mitu () and Sorin Tudor

MPRA Paper from University Library of Munich, Germany

Abstract: International statistics regarding the main index registered on the insurance market and in the structure reveals the activity level of insurance on the profile markets and their absorption capacity. Taking into account these results and international comparisons, in Romania, in 2006, which represents the preparatory year for the impact with European insurance market, the consolidation process of insurance industry has been continued, by the capitalization growth of insurance companies, fusions, changes in the shareholding structure and portfolios transfer. At the same time, by the implementation of new legal stipulation, one can notice a growth of the preparation level and professional improvement of the employees from the insurance domain, with positive effects on performed services quality and on the information given to consumers of insurance products.

Keywords: insurance industry; insurance market; insurance penetration (search for similar items in EconPapers)
JEL-codes: G22 C40 D40 (search for similar items in EconPapers)
Date: 2006-10-12
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Published in Journal of International Conference, Constanţa 2006 ISBN 978-973-742-466-2; 978-973-742-586-7.Vol II(2006): pp. 756-764

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