Naslov
Concentration of the insurance industry in selected transition countries of Central and Eastern Europe, 1998-2006

Autori
Tipurić, Darko ; Pejić Bach, Mirjana ; Pavić, Tomislava

Izvornik
Post-communist economies (1463-1377) 20 (2008), 1; 97-118

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
concentration ; insurance ; transition countries ; Central and Eastern Europe ; entropy

Sažetak
Until the beginning of the 1990s the insurance markets of the transition countries of Central and Eastern Europe were highly concentrated, which means that one or only a few state-owned insurance companies operated on the market, with the market share of the leading company higher than 90%. At the beginning of the 1990s private investors entered the majority of economic sectors, including the insurance market. The entry of new companies has led to a decrease in concentration, i.e. to increased competition. This article analyses the dynamics of concentration of the insurance industry, and seeks to determine the impact of the leading insurance company on the development of the insurance market. Furthermore, the article examines the influence of the purchasing power of the population, measured by gross domestic product per capita, on the development of the insurance market and considers the potential scenario of development of the insurance market in the future.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Informacijske i komunikacijske znanosti

POVEZANOST RADA