Penetration and Insurance Density Market in Romania Compared to other Countries in the European Union

Abstract

Romania has one of the lowest values in the European Union insurance density. As in the case of insurance penetration, there has been downward for the period 2008-2014, not only for Romania, but for most member countries. In 2014 this indicator fell to 91.2 for Romania EUR / Living. Decreasing trend of the penetration of insurance in the Romanian economy continued in 2014, reaching a value of 1.21% of GDP. This unfavorable trend was common to many European countries, being equally the result of domestic economic environment and international situaţieifinanciare.