THE DEVELOPMENT LEVEL OF THE INSURANCE MARKET IN THE EU
THE DEVELOPMENT LEVEL OF THE INSURANCE MARKET IN THE EU
Author(s): Cristina Mihaela NagySubject(s): Economy
Published by: Editura Eurostampa
Keywords: The penetration rate; general insurance penetration level; the penetration degree of non-life insurance
Summary/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.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XVIII/2012
- Issue No: Suppl.
- Page Range: 304-311
- Page Count: 8
- Language: English
