The effect of implementation of insurance transparency mediation on the Danish and Finnish insurance markets

Paul Dumitru
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Paul Dumitru: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(II), 22-28

Abstract: The introduction of transparency of insurance remuneration for intermediaries on the Danish and Finish market for the period of 2005-2011 were analysed in order to see possible effects that implementation of IMD2 will have on the Romanian insurance market. The legislation introduced in Finland and Denmark that banned brokers from receiving insurance commissions lead to an immediate decrease of the insurance brokers revenues and market shares. The transparency helped clients to better understand the role of the insurance intermediaries and move towards the insurance distribution channel that provided them the best value added for their needs.

Keywords: IMD2; insurance; insurance brokers. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:22-28

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