Has Accession to The European Union Affected the Efficiency of Croatian Insurance Companies?
| Autor: | Maja Pervan, Tomislava Pavić Kramarić, Marijana Ćurak |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
HF5001-6182
0211 other engineering and technologies 02 engineering and technology International trade Accession efficiency Croatian insurance companies accession to the EU DEA 0502 economics and business media_common.cataloged_instance accession to the eu Business g22 050207 economics European union c67 d22 General Environmental Science media_common Croatian 021103 operations research business.industry 05 social sciences language.human_language croatian insurance companies dea language General Earth and Planetary Sciences |
| Zdroj: | Zagreb International Review of Economics & Business Volume 24 Issue 1 Zagreb International Review of Economics and Business, Vol 24, Iss 1, Pp 67-98 (2021) |
| ISSN: | 1331-5609 |
| Popis: | Accession of Croatia to the EU brought legal, regulatory and market changes for the insurance companies. The question that arises is whether the new environment in which the companies operate has improved their efficiency. Accordingly, the aim of this paper is to separately estimate the efficiency of non-life and life insurance industry in Croatia and to compare it through the period before (2009-2012) and after (2013-2018) Croatian accession to the EU. The research is based on the Data Envelopment Analysis and the obtained results indicate an average increase in overall technical efficiency in both, non-life and life sector in period after Croatia’s accession to the EU. Still, this increase was not proved to be significant. Additionally, although increase in pure technical efficiency was significant in non-life sector, an insignificant slight decrease is recorded in life sector. Finally, insurers conducting (non)life business activities are mainly operating at increasing returns to scale. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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