IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v30y2017i1p661-675.html
   My bibliography  Save this article

Measuring recent changes of insurance gross premiums distribution using ten inequality measures: case study of Croatia

Author

Listed:
  • Drago Jakovčević
  • Ksenija Dumičić
  • Mihovil Anđelinović

Abstract

This paper investigates the extent of gross premium distributions inequality for life and non-life insurance in Croatia in the period 2000–2012. The number of companies for life insurance was the same in 2000 and 2012, at 17. The number of non-life insurance companies varied between 16 and 24, and was 20 at the end of 2012. The Lorenz curve and nine numerical concentration measures applied mostly show a slight decrease of a moderate concentration for both types of insurance over time, with only the Rosenbluth index being an exception, showing a mild increase of concentration. The concentration of gross premium is slightly stronger for non-life then for life insurance.The standard errors of the trend models for the entropy indexes are smaller, and coefficients of determination are higher for the quadratic compared to the linear trend models for both types of insurances, life and non-life. Since the forecasts’ quality measures for both types of insurance show that the quadratic trend is superior compared to the simple linear trend model, it was used for short-term forecasting of the entropy indexes. The quadratic trend model gave forecasts showing digressive-progressive dynamics for non-life, and progressive-digressive for life insurance entropy indexes.

Suggested Citation

  • Drago Jakovčević & Ksenija Dumičić & Mihovil Anđelinović, 2017. "Measuring recent changes of insurance gross premiums distribution using ten inequality measures: case study of Croatia," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 30(1), pages 661-675, January.
    • Handle: RePEc:taf:reroxx:v:30:y:2017:i:1:p:661-675
    DOI: 10.1080/1331677X.2017.1305776
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2017.1305776
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2017.1305776?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:30:y:2017:i:1:p:661-675. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.