CHANGES OF CAPITAL IN INSURANCE COMPANIES ACCORDING TO THE RULES OF THE EUROPEAN UNION Cover Image

CHANGES OF CAPITAL IN INSURANCE COMPANIES ACCORDING TO THE RULES OF THE EUROPEAN UNION
CHANGES OF CAPITAL IN INSURANCE COMPANIES ACCORDING TO THE RULES OF THE EUROPEAN UNION

Author(s): Cristina Mihaela Nagy, Marina Uher, Bogdan Cotleţ
Subject(s): Economy
Published by: Editura Eurostampa
Keywords: share capital; changes of capital; insurance companies

Summary/Abstract: Romania's accession to the European Union has important implications in the insurance industry, in particular by imposing a minimum share capital for companies in this area, because the capital is a balancing factor for the economic activity. In 2009 the share capital subscribed by the 45 insurance companies was 3,970,678,526 lei, it increased by approximately 180% compared to 2006 (1.406.287.079 lei subscribed by the 41 authorized insurance companies), and French investors hold a participation rate of 31.73%.

  • Issue Year: XVII/2011
  • Issue No: 17
  • Page Range: 539-544
  • Page Count: 6
  • Language: English
Toggle Accessibility Mode