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Performance and Effectiveness in Insurance Companies

Author

Listed:
  • Mirela Monea

    (University of Petroşani, Romania)

Abstract

The current paper aims to present the effectiveness and performances of the insurance companies. In order to express the effectiveness and efficiency of insurance activity we have to take into account their efforts to achieve all those performances. We will discuss the main efficiency indicators helping us to understand the effectiveness of insurance activity, such as: damage ratio, cost of insurance activity; net income ratio, liquidity ratio, solvency ratio, risk coverage ratio, damage coverage ratio, claims rejection ratio, average amount insured, average written premium.

Suggested Citation

  • Mirela Monea, 2018. "Performance and Effectiveness in Insurance Companies," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(2), pages 69-76.
    • Handle: RePEc:pet:annals:v:18:y:2018:i:2:p:69-76
    as

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    File URL: https://www.upet.ro/annals/economics/pdf/2018/p2/Monea_2.pdf
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    References listed on IDEAS

    as
    1. Mirela Monea, 2015. "Structure and trends of the insurance sector in Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 15(2), pages 95-102.
    2. Ana Preda, 2013. "Efficiency Of The Insurance Activity: Insurer Vs Insured," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 20-25.
    3. Mirela Monea, 2013. "Performances of the Romanian Insurance Market," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 141-148.
    4. Ana Preda & Mirela Monea, 2013. "Comparative Analysis and the Place of Romania on Insurance Global Market," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 203-212.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    insurance; effectiveness; performance; damage ratio; net income ratio efficiency; coverage ratio;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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