| Přispěvatelé: |
Barković, Dražen, Dernoscheg, Karl-Heinz, Pap, Norbert, Glavaš , Jerko, Runzhaimer, Bodo, Wentzel, Dirk G |
| Popis: |
Cost management affects company business performance. A successful company aims to optimize costs, which means to reduce costs to an acceptable level, without influencing the business continuity and income reduction. Expenses that occur in insurance companies in the underwriting process are called acquisition costs. The amount of acquisition costs depends on the insurance company’s business scope, i.e. on the scope of sales by insurance coverages. The administration costs encompass costs incurred outside the insurance sale processes and include salaries, amortization, and other administrative costs. The main function of insurance is customer claim compensation, as a consequence of the occurrence of the underwritten insured risk. The performance of insurance company management, therefore, depends on the number of collected insurance premiums, cost management, and monetary investment, realized by claim payments from insurance. The number of premiums according to the types of insurance coverage and the number of insurance policies make up the insurance portfolio. Insurance portfolio enables monitoring of expenses and revenue and it is sought to optimize the portfolio with an acceptable level of risk and economic effects for the insurance company. Based on the above stated, the research is focused on the insurance portfolio in the segments of gross premiums, acquisition costs, and claim expenses. The research starting point is to form a model for the insurance portfolio growth with optimization of acquisition costs and inclusion of the amounts of predicted claim expenses while respecting market limitations. In that way, costs that are dependent on the sales process are considered with the aim of planning the insurance portfolio and expected claim expenses |
