Naslov
Exploratory study of insurance companies in selected post-transition countries: Non- hierarchical cluster analysis

Autori
Pavić Kramarić, Tomislava ; Pejić Bach, Mirjana ; Dumičić, Ksenija ; Žmuk, Berislav ; Mihelja Žaja, Maja

Izvornik
Central European journal of operations research (1435-246X) 26 (2018), 3; 783-807

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

Ključne riječi
insurance companies ; performance ; cluster analysis ; post-transition countries

Sažetak
This paper focuses on the analysis of business practice of insurance companies in selected post-transition European countries. Specifically, it covers Croatian, Slovenian, Hungarian and Polish insurance markets in the year 2014 comprising the total of 119 insurance companies. Employing the non-hierarchical cluster analysis by applying the k-means approach, insurance companies are segmented into seven groups using various variables such as ROE, the share of premium ceded to reinsurance, the number of years operating in the insurance market, leverage, gross premium written and the share of life insurance premium in the total premium. Furthermore, these seven clusters have been grouped according to the country of origin, ownership and the type of insurance companies. Results indicate that specific groups of insurance companies in these countries share common characteristics, which are not based solely on the country of origin and the type of insurance.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Publisher: Springer Berlin Heidelberg

POVEZANOST RADA