Relationships among Components of Insurance Companies and Services’ Quality

Šebjan Urban () and Tominc Polona ()
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Šebjan Urban: University of Maribor, Faculty of Economics and Business, Razlagova 14, 2000 Maribor, Slovenia
Tominc Polona: University of Maribor, Faculty of Economics and Business, Razlagova 14, 2000 Maribor, Slovenia

Organizacija, 2014, vol. 47, issue 4, 231-244

Abstract: Background and Purpose: An increasing number of insurance companies and the intensity of competition in this field require research on customer perceptions of the components of insurance services and insurance company. The objective of this study was to examine the conceptual model and to study the relationships between customer perceptions of the innovation, reputation, adequacy of premium, and adequacy of information about the coverage of insurance services. Design/Methodology/Approach: The research model was tested with structural equation modelling (SEM) with a sample of 200 Slovenian users of insurance services. Results: The results indicated that higher perceived innovation of insurance company was associated with higher perceived reputation of insurance company. In addition, higher perceived reputation of insurance company was associated with higher perceived adequacy of information about the coverage and the premium for insurance services. The study also found that higher perceived adequacy of premium was associated with higher perceived adequacy of information about the coverage of insurance services. Conclusion: The original contribution of this article is also the highlighting of relationship between perceived reputation of insurance company, perceived adequacy of information about the insurance premium and perceived adequacy of information about the coverage of insurance services.

Keywords: Insurance services; Innovation; Reputation; Premium; Insurance coverage (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:organi:v:47:y:2014:i:4:p:231-244:n:1003

DOI: 10.2478/orga-2014-0021

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