Market concentration in Romanian insurance industry


F M Serban, C Cristea, C E Stoenoiu

Volume XXX, 2021/2

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.

ISSN 1583-0691, CNCSIS "Clasa B+"