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Romanian Compulsory Motor Third Party Liability Insurance In 2010 And The Predictable Future

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  • Marius Dan Gavriletea
  • Aura Carmen Moga

Abstract

Insurance coverage is mandatory for the motor's owners. Analyzing the condition of the insurance market trough 2010, by the gross written insurance premiums and the losses compensations in the same period, the study analyzes the Romanian bonus-malus system, by comparing it with the bonus-malus system of other states. The study reveals the impact of bonus-malus clause, and also the impact of the economic and financial crisis upon insurance market, the insufficiencies of the MTPL system and the ways of improving it. In the last part of this study, we analyze the future changes that the insurance companies have to make in according with the elimination of the discrimination trough gender in this insurance field.

Suggested Citation

  • Marius Dan Gavriletea & Aura Carmen Moga, 2011. "Romanian Compulsory Motor Third Party Liability Insurance In 2010 And The Predictable Future," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(13), pages 1-9.
    • Handle: RePEc:alu:journl:v:1:y:2011:i:13:p:9
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1320111/09.pdf
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    References listed on IDEAS

    as
    1. Lemaire, Jean & Zi, Hongmin, 1994. "High Deductibles instead of Bonus-Malus: Can it Work?," ASTIN Bulletin, Cambridge University Press, vol. 24(1), pages 75-86, May.
    2. Lemaire, Jean & Zi, Hongmin, 1994. "A Comparative Analysis of 30 Bonus-Malus Systems," ASTIN Bulletin, Cambridge University Press, vol. 24(2), pages 287-309, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    mandatory insurance; insurance premium; Romanian bonus-malus system;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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