How do we make the economy grow? By encouraging insurance...
The beginning of spring brings, this year, the optimism of analysts,
who point out more and more signals for economic revival in Romania.
Increasingly optimistic forecasts are making their way on the first
page of specialty publications, awaiting estimates of the National
Statistics Institute, to officially announce the end of the recession.
Economic
development will lead, in 8-10 months, to an increase of the insurance
companies business, analysts say. Thus, the positive
evolutions of industry, exports, real estate and credits will also
be reflected upon the insurance market.
However, most recent studies show this relation could also run
backwards. Thus, an increase of 1% of insurance underwriting will
result in an increase of 0.5% of GDP.
So, we should not wait for
a chain reaction to return to insurance growth, as we can start
from this side to stimulate all the economic
cycle. In this sense, the state can take proactive measures to
stimulate the insurance market, to make the concept of protection
more popular, in all citizens' interest.
And studies show
that the effects on the overall economy will soon appear...
Author: Mihaela CIRCU
on 07.04.2011
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