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.

Sprache
Englisch

Erschienen in
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

Klassifikation
Wirtschaft
Optimization Techniques; Programming Models; Dynamic Analysis
Insurance; Insurance Companies; Actuarial Studies
Firm Performance: Size, Diversification, and Scope
Accounting
Thema
market share
profit per employee
strategic profit model
DEA model

Ereignis
Geistige Schöpfung
(wer)
Lukic, Radojko
Sokic, Miro
Kljenak, Dragana Vojteski
Ereignis
Veröffentlichung
(wer)
Opole University, Faculty of Economics
(wo)
Opole
(wann)
2018

DOI
doi:10.25167/ees.2018.45.14
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Lukic, Radojko
  • Sokic, Miro
  • Kljenak, Dragana Vojteski
  • Opole University, Faculty of Economics

Entstanden

  • 2018

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