CONSIDERATIONS REGARDING EU LIFE INSURANCE MARKET

The main feature characterizing the development of the insurance system is globalization of world insurance market through a process of gradual liquidation of economic and legislative barriers between states. European insurance market analysis will be made through gross written premiums, insurance density and penetration, comparing European insurance market with the major regions markets of the world. The effects of financial crisis on the life insurance market of EU countries, and the place of Romanian life insurance market in EU, will be analyzed using the following indicators: number of life insurance companies, gross written premiums at EU level, the number of active contracts, gross indemnities paid.