Market concentration in Romanian insurance industry.

Autor: Serban, F. M., Cristea, C., Stoenoiu, C. E.
Předmět:
Zdroj: Annals of the University of Oradea: Facsicle of Management & Technological Engineering; 2021, Issue 2, p44-50, 7p
Abstrakt: This paper analyses the market concentration of life insurance and non-life insurance industry in Romania from 2015 to 2019. For measuring the degree of market concentration, the Concentration Ratio and the Herfindahl-Hirschman index were used. The results show that the life insurance market is more concentrated than the non-life insurance market. The concentration ratio values for the non-life market indicate that the degree of market concentration increased from moderate market in 2015 to tight oligopoly share in 2019, while for the life insurance sector is tight oligopoly for entire period. An ascending trend in market concentration can be observed both in segments of the non-life insurance and overall insurance sector. In sector of life insurance, it can be noticed that the concentration ratios and the Herfindahl-Hirschman index are almost constant with small fluctuations excepting the increase recorded in 2016. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index