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The effect of implementation of insurance transparency mediation on the Danish and Finnish insurance markets

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  • Paul DUMITRU

    (Bucharest University of Economic Studies, Romania)

Abstract

The introduction of transparency of insurance remuneration for intermediaries on the Danish and Finish market for the period of 2005-2011 were analysed in order to see possible effects that implementation of IMD2 will have on the Romanian insurance market. The legislation introduced in Finland and Denmark that banned brokers from receiving insurance commissions lead to an immediate decrease of the insurance brokers revenues and market shares. The transparency helped clients to better understand the role of the insurance intermediaries and move towards the insurance distribution channel that provided them the best value added for their needs.

Suggested Citation

  • Paul DUMITRU, 2015. "The effect of implementation of insurance transparency mediation on the Danish and Finnish insurance markets," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special(I), pages 22-28.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:22-28
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    Keywords

    IMD2; insurance; insurance brokers.;
    All these keywords.

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