ECONOMIC EFFICIENCY WITHIN INSURANCES
Autor (i): Văduva Cecilia Elena
JEL: I13, I15
Cuvinte cheie: insurance, economic efficiency, risk, insurance company
Abstract:
The understanding trends in the world economy at the beginning of the third millennium, the learning characteristics of business environment, essential features of a market economy, the subject that must preoccupy the decisive factors of the economy of each country and especially of Central and Eastern European countries that have moved to market economy after 1990. Ensuring the welfare of the population in these countries will depend on how decision makers will be able to integrate national economies in world economic activity, dominated by economic globalization and globalization. In terms of effectiveness insurance we can say that is a form of economic efficiency and social expressing the relationship between the results obtained from the insurance and expenses (compensation and insured amounts) determined to rebuild damaged goods or sums insured financial results for the insurer. Insurance efficacy analysis is necessary to bear in mind that in this area meets a unique phenomenon in economic activity, reversing production, the insurer sold before knowing the cost of the product sold. Thus, one can see the importance of knowing insurable matter and setting insurance premiums based on calculations using mathematical and statistical methods
The understanding trends in the world economy at the beginning of the third millennium, the learning characteristics of business environment, essential features of a market economy, the subject that must preoccupy the decisive factors of the economy of each country and especially of Central and Eastern European countries that have moved to market economy after 1990. Ensuring the welfare of the population in these countries will depend on how decision makers will be able to integrate national economies in world economic activity, dominated by economic globalization and globalization. In terms of effectiveness insurance we can say that is a form of economic efficiency and social expressing the relationship between the results obtained from the insurance and expenses (compensation and insured amounts) determined to rebuild damaged goods or sums insured financial results for the insurer. Insurance efficacy analysis is necessary to bear in mind that in this area meets a unique phenomenon in economic activity, reversing production, the insurer sold before knowing the cost of the product sold. Thus, one can see the importance of knowing insurable matter and setting insurance premiums based on calculations using mathematical and statistical methods
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