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The Insurance Market in the Context of the Globalization of the Economy

Author

Listed:
  • Gheorghe MATEI

    (University of Craiova)

  • Ștefania-Sonia ZAMFIR

    (University of Craiova)

Abstract

The global insurance market, characterized by a great diversity, represents an increased complexity and without having a predictability of some distinct delimitation. Compared to this, at the European level, the insurances are on an evolving curve, which presents also some differences distinctive for each country, but also some similar characteristics. Moreover, the European unique insurance market imposes a trend in a weighted growth, which also included the overall evolution of the Romanian insurance market. The purpose of this paper is to present a summary of the measures taken on the Romanian insurance market, both those imposed at national level, having as an objective the aligning with the new European standards and those generated by the global orientation, as well as the situation and the current trends.

Suggested Citation

  • Gheorghe MATEI & Ștefania-Sonia ZAMFIR, 2019. "The Insurance Market in the Context of the Globalization of the Economy," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(21), pages 27-35, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:27-35
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    More about this item

    Keywords

    force areas; European unique market; directive; indicators.;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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