Performance and Effectiveness in Insurance Companies

Mirela Monea ()
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Mirela Monea: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2018, vol. 18, issue 2, 69-76

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.

Keywords: insurance; effectiveness; performance; damage ratio; net income ratio efficiency; coverage ratio (search for similar items in EconPapers)
JEL-codes: G00 G22 (search for similar items in EconPapers)
Date: 2018
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