Increases and decreases on Romanian insurance market

Gherasim Solovestru Domide and Alexandru Domide
Additional contact information
Gherasim Solovestru Domide: Bucharest University of Economic Studies, Romania
Alexandru Domide: Rocredit Insurance Broker, Baia Mare, Romania

Theoretical and Applied Economics, 2014, vol. XXI, issue Special, 15-21

Abstract: The present paper proposes to point out the evolution of underwriting in Romania insurance market between 2007 and 2013. In this period, in terms of subscriptions the insurance market had encountered increases and decreases. The number of insurance companies was almost constantly in the period analyzed. There were only stakes transfers between certain European and international financial groups. Some life insurers have withdrawn permanently from the Romanian insurance market, giving up their portfolios to other insurer. From the data analyzed has resulted a strong market concentration throughout the period chosen for the analysis. Over 78% of the subscriptions where performed by only 20% of insurers. Here is recorded, statistically, half of the insurance subscriptions for the Romanian market. Between 2007 and 2013 the number of insurance brokers increased every year. Also the value of the insurance premiums brokered has grown. Even if the insurance market decreased we can say that the value premiums intermediated by the insurance brokers increased from 21% in 2007 to over 47% at the end of 2013.

Keywords: insurers; insurance brokers; gross written premiums; market concentration. (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://store.ectap.ro/suplimente/International_Fin ... rence_FI_BA_2014.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxi:y:2014:i:special:p:15-21

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().