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

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

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This paper aims to be an analysis of the Romanian motor third party liability insurance (MTPL) market for the animed aniflex complete 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, gymnastics wall decals some suggestions about aspects that must be improved in the legislation are formulated.