Artikel
Analysis of insurance companie's efficiency in the Republic of Serbia
Lately, as it is known, considerable theoretical and practical attention has been dedicated to the problems of analysing the business efficiency of insurance companies, both worldwide and in particular countries. In view of this, the paper conveys a complex analysis of the 2016 business efficiency of insurance companies in the Republic of Serbia, using theoretical, methodological and empirical knowledge. Over 60% of Serbian insurance market is controlled by only three insurance companies. Out of the 16 insurance companies, 11 are inefficient. In order to improve their business, it is necessary, above all, to more efficiently manage their operating income and profits, by applying the "new business models" (i.e. cost management concepts, concepts of customer rotation, concept of sustainable development). This also applies to more efficient management of human capital. The significant role of employees in creating the added value for insurance companies in the Republic of Serbia. To this purpose (in order to increase efficiency), significant attention should be paid to life insurance, which has recorded a significant growth, year after year.
- Language
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Englisch
- Bibliographic citation
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Journal: Economic and Environmental Studies (E&ES) ; ISSN: 2081-8319 ; Volume: 18 ; Year: 2018 ; Issue: 1 ; Pages: 249-264 ; Opole: Opole University, Faculty of Economics
- Classification
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Wirtschaft
Optimization Techniques; Programming Models; Dynamic Analysis
Insurance; Insurance Companies; Actuarial Studies
Firm Performance: Size, Diversification, and Scope
Accounting
- Subject
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market share
profit per employee
strategic profit model
DEA model
- Event
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Geistige Schöpfung
- (who)
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Lukic, Radojko
Sokic, Miro
Kljenak, Dragana Vojteski
- Event
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Veröffentlichung
- (who)
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Opole University, Faculty of Economics
- (where)
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Opole
- (when)
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2018
- DOI
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doi:10.25167/ees.2018.45.14
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Lukic, Radojko
- Sokic, Miro
- Kljenak, Dragana Vojteski
- Opole University, Faculty of Economics
Time of origin
- 2018