Influence of Life Insurance on the Romanian Insurance Market

Abstract

Day by day we are confronted with economic reality that each of us face and calling attention togrowing our future financial planning and the need for long-term savings. However, awareness ofthis need is only a necessary first step, continuous communication is essential benefits and role oflife insurance in financial planning for the future. The insurance sector usually and of the life insurance, in particular, is particularly importantareas in any economic system, development of life insurance can have a particularly strong impactespecially in economies in transition. More than this, it was shown that the economic impact of thelife insurance act is accompanied by significant social effects