Measuring the efficiency of Serbian insurance companies

Snežana Knežević; Milanka Marković; Andrijana Brown

doi:10.1556/aoecon.65.2015.1.5

Jump to Content

Acta Oeconomica

Volume/Issue:: Volume 65: Issue 1

Measuring the efficiency of Serbian insurance companies

Authors:

Snežana Knežević

Snežana Knežević University of Belgrade Department of Financial Management, Faculty of Organizational Sciences Belgrade Serbia

Search for other papers by Snežana Knežević in
Current site
Google Scholar
PubMed

Milanka Marković

Milanka Marković Belgrade Serbia

Search for other papers by Milanka Marković in
Current site
Google Scholar
PubMed

, and

Andrijana Brown

Andrijana Brown tax prepare, Liberty Tax Inc. Leesburg Virginia USA

Search for other papers by Andrijana Brown in
Current site
Google Scholar
PubMed

View More View Less

Pages:: 91–105

Online Publication Date:: 28 Mar 2015

Publication Date:: 01 Mar 2015

Article Category:: Journal Article

DOI:: https://doi.org/10.1556/aoecon.65.2015.1.5

Keywords:: data envelopment analysis; efficiency; insurance company; financial information; Serbia; C44; G22; M41

Restricted access

Purchase article

USD $30.00

1 year subscription (Individual Only)

USD $700.00

USD $30.00

Click here to view the full Terms and Conditions

USD $700.00

Click here to view the full Terms and Conditions

The transition period, and the still ongoing economic crisis, amplify the volatility in the domestic insurance market and forces the management of insurance companies to continuously monitor changes in the market, i.e. to identify risks and opportunities, and therefore to undertake certain activities. The focus of the business of insurance companies is based on satisfying the needs of existing and potential clients. Respecting the current situation in the insurance market in anticipation of future events, the management of insurance companies must create and implement the optimal strategy in line with the company’s capabilities. For this purpose it is necessary to measure the efficiency of the business, which is the subject of this paper where the Data Envelopment Analysis (DEA) method is applied to the case of insurance companies operating in Serbia.

Save
Cite
Email this content

Share Link

Copy this link, or click below to email it to a friend
Email this content
or copy the link directly:

https://akjournals.com/abstract/journals/032/65/1/article-p91.xml
The link was not copied. Your current browser may not support copying via this button.

Link copied successfully

Collapse
Expand

Acta Oeconomica Periodical of the Hungarian Academy of Sciences

Print ISSN:: 0001-6373

Online ISSN:: 1588-2659

Associate Editors

Péter Benczúr, Joint Joint Research Center, European Commission
Dóra Benedek, International Monetary Fund
Balázs Égert, OECD
Dániel Prinz, World Bank
Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

Anders Åslund, Georgetown University and Advisory Council of CASE, USA
István Benczes, Corvinus University of Budapest, Hungary
Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
Fabrizio Coricelli, University of Siena, Italy
László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
Martin Kahanec, Central European University, Austria
Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
Péter Mihályi, Corvinus University of Budapest, Hungary
Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu

Indexing and Abstracting Services:

CABELLS Journalytics
EconLit
Elsevier GEO Abstracts
GEOBASE
Index Copernicus
International Bibliographies IBZ and IBR
JEL
Referativnyi Zhurnal
RePEc
SCOPUS
Social Science Citation Index

2023
Web of Science
Journal Impact Factor	0.7
Rank by Impact Factor	Q3 (Economics)
Journal Citation Indicator	0.23
Scopus
CiteScore	1.4
CiteScore rank	Q3 (Economics and Econometrics)
SNIP	0.385
Scimago
SJR index	0.218
SJR Q rank	Q4

Acta Oeconomica
Publication Model	Hybrid
Submission Fee	none
Article Processing Charge	900 EUR/article
Printed Color Illustrations	40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency	World Bank Lower-middle-income economies: 50% World Bank Low-income economies: 100%
Further Discounts	Editorial Board / Advisory Board members: 50% Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2025	Online subsscription: 700 EUR / 768 USD Print + online subscription: 820 EUR / 900 USD
Subscription Information	Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title	Individual articles are sold on the displayed price.

Acta Oeconomica
Language	English
Size	B5
Year of Foundation	1966
Volumes per Year	1
Issues per Year	4
Founder	Magyar Tudományos Akadémia
Founder's Address	H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher	Akadémiai Kiadó
Publisher's Address	H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible Publisher	Chief Executive Officer, Akadémiai Kiadó
ISSN	0001-6373 (Print)
ISSN	1588-2659 (Online)