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The Impact Of Covid-19 On Development Of Motor Casco Insurance In Bulgaria

Author

Listed:
  • Rumen Erusalimov

    (D. A. Tsenov Academy of Economics)

  • Nikolai Iliev

    (D. A. Tsenov Academy of Economics)

Abstract

Motor Casco Insurance is the most concluded voluntary insurance policy on the Bulgarian insurance market and in recent years its market share is about 27% in the General (Non-life) Insurance Section. The aim of the study is to assess the impact of measures taken by the state to limit the spread of SARS-CoV-2 virus on the development of Motor Casco Insurance. As a result of the study, it was found that the measures imposed by the state did not significantly affect the development of Motor Casco Insurance in Bulgaria, but simply slowed down its pace. However, there is a significant reduction in the number of road accidents, especially in 2020, which is also reflected on the reduction of insurance payments.

Suggested Citation

  • Rumen Erusalimov & Nikolai Iliev, 2022. "The Impact Of Covid-19 On Development Of Motor Casco Insurance In Bulgaria," Business Management, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 35-45.
    • Handle: RePEc:dat:bmngmt:y:2022:i:1:p:35-45
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    File URL: http://hdl.handle.net/10610/4684
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    Citations

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    Cited by:

    1. Rumen Erusalimov & Ventsislav Vasilev & Aneliya Paneva, 2023. "The Non-Life Insurance Market In Bulgaria - 15 Years After The Country's Accession To The European Union," Business Management, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 32-46.
    2. Ganchev, Alexander, 2023. "The Behaviour of Chinese Government Bond Yield Curve before and during the COVID-19 Pandemic," MPRA Paper 117626, University Library of Munich, Germany.

    More about this item

    Keywords

    insurance; premium income; indemnity; Covid-19;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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