Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations

Adina Elena Danuletiu () and Dan Constantin Danuletiu ()
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Adina Elena Danuletiu: “1st of December 1918” University of Alba Iulia, Faculty of Economic Sciences, Romania
Dan Constantin Danuletiu: “1st of December 1918” University of Alba Iulia, Faculty of Economic Sciences, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 499-508

Abstract: This paper aims to be an analysis of the Romanian motor third party liability insurance (MTPL) market for the period after the new legislation entered into force. The MTPL insurance market analysis has been done from both quantitative and qualitative perspectives, on the basis of some indicators such as: concentration of MTPL insurance market, penetration rate of the MTPL insurance and MTPL insurance density, the number of contracts, annualized average premium, gross written premiums, gross indemnities paid, the ratio between compensations and written premiums or indicators concerning the direct damage payment option. Where data are available, these indicators are presented also in a distinct manner for individuals and legal entities. The analysis from the paper show two relatively distinct evolutions of MTPL insurance market, namely 2017-2020 and 2021-2023. At the end, some suggestions about aspects that must be improved in the legislation are formulated.

Keywords: insurance; motor insurance; third party liability insurance (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2024
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