Concentration of the insurance industry in selected transition countries of Central and Eastern Europe, 1998-2006 (CROSBI ID 137953)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Tipurić, Darko ; Pejić Bach, Mirjana ; Pavić, Tomislava
engleski
Concentration of the insurance industry in selected transition countries of Central and Eastern Europe, 1998-2006
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.
concentration ; insurance ; transition countries ; Central and Eastern Europe ; entropy
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Podaci o izdanju
20 (1)
2008.
97-118
objavljeno
1463-1377
1465-3958
10.1080/14631370701865755
Povezanost rada
Ekonomija, Informacijske i komunikacijske znanosti