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

• Main Authors: Gheorghe MATEI, Ștefania-Sonia ZAMFIR
• Format: Article
• Language: English
• Published: Universitaria Publishing House 2019-11-01
• Series: Finanţe: Provocările viitorului
• Subjects: force areas; european unique market; directive
• Online Access: http://www.financejournal.ro/fisiere/revista/38863942403.%20Matei_Zamfir%20EN.pdf

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.