IMPACT OF INTEGRATED SUPERVISION ON VOLUNTARY PENSION INSURANCE EFFICIENCY
Adequate supervision (control) of the functioning of voluntary pension insurance is one of the preconditions for the development of this form of insurance. The primary objective of supervision is to protect insured persons and insurance beneficiaries by providing conditions for unhindered and solve...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2011-11-01
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| Series: | Economic Review |
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| Online Access: | http://er.ef.untz.ba/index.php/er/article/view/184 |
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| author | Tatjana Rakonjac-Antić Vesna Rajić |
| author_facet | Tatjana Rakonjac-Antić Vesna Rajić |
| author_sort | Tatjana Rakonjac-Antić |
| collection | DOAJ |
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Adequate supervision (control) of the functioning of voluntary pension insurance is one of the preconditions for the development of this form of insurance. The primary objective of supervision is to protect insured persons and insurance beneficiaries by providing conditions for unhindered and solvent operation of voluntary pension fund management companies. There are three models of supervision in the theory and practice of voluntary pension insurance: integrated, partially integrated, and specialized models of supervision. This paper analyzes the integrated model of supervision, which implies the existence of an institution in charge of the supervision of the functioning of the whole financial sector, including the sectors of banking, insurance, voluntary pension insurance, etc. Some of the variables specific to countries with integrated supervision are presented statistically. The system of voluntary pension insurance in Serbia is still in an early stage, with the integrated model of supervision, implemented by the National Bank of Serbia (NBS).
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| format | Article |
| id | doaj-art-0d0cbf78ef4d4734b90e79372209c3f3 |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2011-11-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-0d0cbf78ef4d4734b90e79372209c3f32025-02-10T00:31:31ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2011-11-0192IMPACT OF INTEGRATED SUPERVISION ON VOLUNTARY PENSION INSURANCE EFFICIENCYTatjana Rakonjac-Antić0Vesna Rajić1Faculty of Economics, University of BelgradeFaculty of Economics, University of Belgrade Adequate supervision (control) of the functioning of voluntary pension insurance is one of the preconditions for the development of this form of insurance. The primary objective of supervision is to protect insured persons and insurance beneficiaries by providing conditions for unhindered and solvent operation of voluntary pension fund management companies. There are three models of supervision in the theory and practice of voluntary pension insurance: integrated, partially integrated, and specialized models of supervision. This paper analyzes the integrated model of supervision, which implies the existence of an institution in charge of the supervision of the functioning of the whole financial sector, including the sectors of banking, insurance, voluntary pension insurance, etc. Some of the variables specific to countries with integrated supervision are presented statistically. The system of voluntary pension insurance in Serbia is still in an early stage, with the integrated model of supervision, implemented by the National Bank of Serbia (NBS). http://er.ef.untz.ba/index.php/er/article/view/184voluntary pension insuarancepension fundsintegrated supervision modelsupervision stages |
| spellingShingle | Tatjana Rakonjac-Antić Vesna Rajić IMPACT OF INTEGRATED SUPERVISION ON VOLUNTARY PENSION INSURANCE EFFICIENCY Economic Review voluntary pension insuarance pension funds integrated supervision model supervision stages |
| title | IMPACT OF INTEGRATED SUPERVISION ON VOLUNTARY PENSION INSURANCE EFFICIENCY |
| title_full | IMPACT OF INTEGRATED SUPERVISION ON VOLUNTARY PENSION INSURANCE EFFICIENCY |
| title_fullStr | IMPACT OF INTEGRATED SUPERVISION ON VOLUNTARY PENSION INSURANCE EFFICIENCY |
| title_full_unstemmed | IMPACT OF INTEGRATED SUPERVISION ON VOLUNTARY PENSION INSURANCE EFFICIENCY |
| title_short | IMPACT OF INTEGRATED SUPERVISION ON VOLUNTARY PENSION INSURANCE EFFICIENCY |
| title_sort | impact of integrated supervision on voluntary pension insurance efficiency |
| topic | voluntary pension insuarance pension funds integrated supervision model supervision stages |
| url | http://er.ef.untz.ba/index.php/er/article/view/184 |
| work_keys_str_mv | AT tatjanarakonjacantic impactofintegratedsupervisiononvoluntarypensioninsuranceefficiency AT vesnarajic impactofintegratedsupervisiononvoluntarypensioninsuranceefficiency |