Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations
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...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2025-02-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
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| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%205/4.pdf |
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| author | Adina Elena Danuletiu Dan Constantin Danuletiu |
| author_facet | Adina Elena Danuletiu Dan Constantin Danuletiu |
| author_sort | Adina Elena Danuletiu |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-1c97945b387d474e95a146f7a7f6820f |
| institution | OA Journals |
| issn | 2393-3127 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj-art-1c97945b387d474e95a146f7a7f6820f2025-08-20T02:17:33ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272025-02-01XXIV2499508Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations Adina Elena Danuletiu0Dan Constantin Danuletiu1“1st of December 1918” University of Alba Iulia, Faculty of Economic Sciences, Romania“1st of December 1918” University of Alba Iulia, Faculty of Economic Sciences, RomaniaThis 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. https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%205/4.pdfinsurancemotor insurancethird party liability insurance |
| spellingShingle | Adina Elena Danuletiu Dan Constantin Danuletiu Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations Ovidius University Annals: Economic Sciences Series insurance motor insurance third party liability insurance |
| title | Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations |
| title_full | Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations |
| title_fullStr | Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations |
| title_full_unstemmed | Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations |
| title_short | Analysis of the Evolution of Romanian MTPL Insurance Market Under New Regulations |
| title_sort | analysis of the evolution of romanian mtpl insurance market under new regulations |
| topic | insurance motor insurance third party liability insurance |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%205/4.pdf |
| work_keys_str_mv | AT adinaelenadanuletiu analysisoftheevolutionofromanianmtplinsurancemarketundernewregulations AT danconstantindanuletiu analysisoftheevolutionofromanianmtplinsurancemarketundernewregulations |