PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKET

The aim of the report is to examine the current and important for the society issues concerning one of the most widespread insurance products - Motor Third Party Liability Insurance. The report examines the use of Motor Third Party Liability insurance on our insurance market. Specific studies have b...

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Main Author: T. Andreeva
Format: Article
Language:English
Published: Trakia University 2019-10-01
Series:Trakia Journal of Sciences
Subjects:
Online Access:http://tru.uni-sz.bg/tsj/Volume%2017,%202019,%20Supplement%201,%20Series%20Social%20Sciences/3/za%20pe4at/78.pdf
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author T. Andreeva
author_facet T. Andreeva
author_sort T. Andreeva
collection DOAJ
description The aim of the report is to examine the current and important for the society issues concerning one of the most widespread insurance products - Motor Third Party Liability Insurance. The report examines the use of Motor Third Party Liability insurance on our insurance market. Specific studies have been made on the actual presence of the insurance in the local market and the motor insurance in the general insurance portfolio at European level. The problems and trends in the application and the proposed "Bonus-Malus" system are considered. Further considerations regarding the Bonus-Malus system have been made, taking into account the role of the system for fair payment of insurance premiums. The positive experience of the European insurance market is also reported. The report also focuses on other regulatory and other factors determining the market development. Quantitative methods of analysis and evaluation are used.
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spelling doaj.art-65c0454a303d40ada32eb6f153594a8e2022-12-21T18:02:18ZengTrakia UniversityTrakia Journal of Sciences1313-35512019-10-0117Suppl. 148048710.15547/tjs.2019.s.01.078PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKETT. AndreevaThe aim of the report is to examine the current and important for the society issues concerning one of the most widespread insurance products - Motor Third Party Liability Insurance. The report examines the use of Motor Third Party Liability insurance on our insurance market. Specific studies have been made on the actual presence of the insurance in the local market and the motor insurance in the general insurance portfolio at European level. The problems and trends in the application and the proposed "Bonus-Malus" system are considered. Further considerations regarding the Bonus-Malus system have been made, taking into account the role of the system for fair payment of insurance premiums. The positive experience of the European insurance market is also reported. The report also focuses on other regulatory and other factors determining the market development. Quantitative methods of analysis and evaluation are used.http://tru.uni-sz.bg/tsj/Volume%2017,%202019,%20Supplement%201,%20Series%20Social%20Sciences/3/za%20pe4at/78.pdfinsurance marketbonus-malus systeminsurance premiuminsurance reservespremium incomeinsurance indemnities
spellingShingle T. Andreeva
PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKET
Trakia Journal of Sciences
insurance market
bonus-malus system
insurance premium
insurance reserves
premium income
insurance indemnities
title PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKET
title_full PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKET
title_fullStr PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKET
title_full_unstemmed PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKET
title_short PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKET
title_sort prospects for the development of motor third party liability insurance on the bulgarian insurance market
topic insurance market
bonus-malus system
insurance premium
insurance reserves
premium income
insurance indemnities
url http://tru.uni-sz.bg/tsj/Volume%2017,%202019,%20Supplement%201,%20Series%20Social%20Sciences/3/za%20pe4at/78.pdf
work_keys_str_mv AT tandreeva prospectsforthedevelopmentofmotorthirdpartyliabilityinsuranceonthebulgarianinsurancemarket