Pregled bibliografske jedinice broj: 1135467
THE EVALUATION OF EFFICIENCY AFTER SOLVENCY 2 IMPLEMENTATION: AN EMPIRICAL STUDY IN THE REPUBLIC OF CROATIA
THE EVALUATION OF EFFICIENCY AFTER SOLVENCY 2 IMPLEMENTATION: AN EMPIRICAL STUDY IN THE REPUBLIC OF CROATIA // Proceedings of FEB Zagreb 12th International Odyssey Conference on Economics and Business / Načinović Braje, Ivana ; Jaković, Božidar ; Ferjanić Hodak, Danijela (ur.).
Zagreb: Ekonomski fakultet Sveučilišta u Zagrebu, 2020. str. 662-678 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
THE EVALUATION OF EFFICIENCY AFTER SOLVENCY 2
IMPLEMENTATION: AN EMPIRICAL STUDY
IN THE REPUBLIC OF CROATIA
Autori
Mihelja Žaja, Maja ; Gardijan Kedžo, Margareta ; Haramustek, Marta
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Proceedings of FEB Zagreb 12th International Odyssey Conference on Economics and Business
/ Načinović Braje, Ivana ; Jaković, Božidar ; Ferjanić Hodak, Danijela - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2020, 662-678
Skup
12th FEB Zagreb International Odyssey Conference on Economics and Business
Mjesto i datum
Šibenik, Hrvatska; online, 09.06.2021. - 12.06.2021
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
non-life insurance ; Data Envelopment Analysis ; Solvency 2 ; the Republic of Croatia
Sažetak
The insurance industry significantly affects each country's economy and is an essential factor in the financial system's stability. The procedures of insurance companies are under significant state control and supervision. This supervision's primary goal is to protect the interests of both the policyholders and the insurers. Since insurance companies are a vital part of each country's financial system, the share of their assets in all financial institutions assets is an indicator of market development. That is why the insurance industry and determining the efficiency in this sector are becoming topics that an increasing number of authors are dealing with. This paper seeks to assess the efficiency of non-life and composite insurance companies in the Republic of Croatia in the context of the introduction and implementation of the Solvency II Directive. Consequently, the paper's main goal is to determine the efficiency and observe did the introduction of the new legal and regulatory framework Solvency II affect the change in the efficiency of the observed decision-makers, that is, non-life and composite insurance companies. To determine the efficiency, the method of data envelopment analysis was used as a method for assessing the performance of insurance companies. The conducted research by the model focused on outputs, pointed out that, out of a total of fourteen non-life and composite insurance companies, four of them achieved the efficiency score one after implementing the Solvency II Directive in 2016. Eight companies gradually improved their efficiency scores, and only two companies had a decline in efficiency after 2016. In general, it can be concluded that the introduction and implementation of the Solvency II Directive influenced the efficiency of the observed insurance companies.
Izvorni jezik
Engleski
Znanstvena područja
Matematika, Ekonomija
POVEZANOST RADA
Ustanove:
Ekonomski fakultet, Zagreb