Development Of Motor Third Party Liability Insurance In Bulgaria Cover Image

Развитие на застраховането „Гражданска отговорност на автомобилистите“ в България
Development Of Motor Third Party Liability Insurance In Bulgaria

Author(s): Rumen Erusalimov, Nikolai Iliev
Subject(s): Economy, Business Economy / Management
Published by: Стопанска академия »Д. А. Ценов«
Keywords: insurance; gross written premium income; insurance compensation

Summary/Abstract: The main objective of the study is to assess the current state and prospects for the development of the insurance "Motor Third Party Liability" in Bulgaria. The dynamics of the realized gross written premium income generated by insurers and the insurance payments made by them during the period 2010-2021 are tracked in the study. The state of the insurance "Motor Third Party Liability" in Bulgaria has been evaluated using the indicator "Net Claims Ratio". Based on the conducted research, it was concluded that the "Motor Third Party Liability" insurance product is profitable and has consistently held the leading positions in market share since 2010. The trend indicates that this is likely to remain unchanged in the near future.

  • Issue Year: 2023
  • Issue No: 3
  • Page Range: 14-38
  • Page Count: 25
  • Language: Bulgarian
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