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

Author

Listed:
  • Cristea, Mirela
  • Mitu, Narcis Eduard
  • Tudor, Sorin

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.

Suggested Citation

  • Cristea, Mirela & Mitu, Narcis Eduard & Tudor, Sorin, 2006. "Is the Insurance Market in Romania Prepared for the Impact with the European Union One? International Level Comparisons," MPRA Paper 10784, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:10784
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    More about this item

    Keywords

    insurance industry; insurance market; insurance penetration;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General

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