Naslov
CVP Analysis Model for Decision Making in Health Insurance

Autori
Peruško, Ticijan ; Sinožić, Stefano

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Interdisciplinary Management Research XVIII – IMR2022 / Dernoscheg, Karl-Heinz ; Pap, Norbert ; Glavaš , Jerko ; Erceg, Aleksandar ; Runzhaimer, Bodo ; Wentzel, Dirk G (ur.) - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku ; Hochschule Pforzheim University of Applied Sciences ; Hrvatska akademija znanosti i umjetnosti (HAZU), 2022, 550-563

Skup
18th Interdisciplinary Management Research (IMR 2022)

Mjesto i datum
Opatija, Hrvatska, 05.05.2022. - 07.05.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
health insurance, CVP analysis, acquisition costs, break-even point, insurance companies, claims paid.

Sažetak
Insurance is a business in which, by payment of a monetary premium, the risk is transferred from the insured to the insurer. By transferring the risk, a contractual relationship is created between the insurer and insured, according to which the insurer is obliged to compensate for the damage incurred by an insured event. All the costs created in the insurance business cannot be known in advance, and especially the amounts of compensation for the damage incurred by insured events. The most significant expenses in insurance business are business costs emanating from the business activity itself and the costs for insured events. The expenses from the business are divided into two groups, depending on whether they were incurred in the process of taking over the risks, i.e. the sales. The expenses created in the process of taking over the risks and which depend on insurance policy underwriting fall into the category of acquisition costs. The most important insurance companies’ income are gross premiums, realised according to the underwritten types of insured risk. By the correction of the gross premium, the value of the earned premium is obtained. Revenue and expenditure, as well as business results, are determined by each type of insured risk. CVP analysis is used to calculate the break-even point where revenues cover expenditures and activity levels for the realization of the planned profit. Earned premium, claims paid and business expenditure from business operations are included in the CVP analysis. The aim of the paper is to build a CVP analysis model for health insurance where, by the application of statistical and mathematical methods, expenditure and revenue for determination of the break-even point and the level of activity for realisation of the planned profits from this type of insurance are modelled

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA