Europa and Romania – an insurance overview
Europa and Romania – an insurance overview

Summary/Abstract: Insurance industry has known an important growth during the last ten years, growth that hasbeen sustained by the international investments, financial growth and the development ofnew insurance products that were required for special security needs in personal or businessarea. During the crises, the insurance sector has been also affected with major volumesubscribing premiums due to the lack of liquidity although people should have been morerisk averse than usually are. The purpose of this paper is to analyze the evolution of theinsurance market in the last years and new trends of the market in Europe and Romaniahaving into consideration the multiple factors that can trigger the need for insurance. Thequality of live, the revenue and socio-cultural factors can influence the consumer behavior,on the other hand the financial framework it is analyzed in order to observe the fluctuationof insurances’ indicators. Moreover, describing the insurance European environment andRomanian one can create a framework in which we can understand better the circumstancesin which the insurance consumer makes decisions.

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