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Ovidius University Annals: Economic Sciences Series
Article . 2025 . Peer-reviewed
Data sources: Crossref
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Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations

Authors: Adina Elena Danuletiu; Dan Constantin Danuletiu;

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

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

Economics as a science, HF5001-6182, Business, motor insurance, third party liability insurance, HB71-74, insurance

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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