STATISTICAL METHODS FOR ASSESSMENT OF DEVELOPMENTS IN THE ROMANIAN INSURANCE MARKET

Abstract

As expected, the Romanian insurance sector faced stagnation in 2013. Current economic conditions raise questions about future development in the field. What will 2014 bring for the further insurance sector? The present paper has 3 parts. The first section presents an analysis of developments on the Romanian insurance market over the last few of years. The second chapter contains essential statistical techniques used for short-term gross written premium (GWP) forecasts on the market. Finally, the third section is dedicated to conclusions.

Keywords

• insurance market
• gross written premiums (GWP)
• GDP
• self-regression
• correlation
• mathematical statistics.