Market set for EU entry in 2008

Life insurance accounted for 23.2% of the market in 2003, against 8.2% in 1998

Market set for EU entry in 2008

The Romanian Insurance Supervisory Commission (ISC) is hard at work to prepare the local industry for EU entry although Romania will have to wait until 2008 before it is admitted to the EU: about four years after neighbours such as Slovakia and Hungary gained entry.