LIBERALIZATION AND MARKET CONCENTRATION IN THE INSURANCE INDUSTRY: CASE OF CROATIA
This paper analyzes market concentration on the market of insurance companies in Croatia. For a very long time, Croatian insurance market was dominated by one company. After the liberalization, the number of insurance companies on the market began to increase, which led to a significant fall in lev...
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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: | https://www.er.ef.untz.ba/index.php/er/article/view/186 |
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| _version_ | 1823859528989409280 |
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| author | Lorena Škuflić Fran Galetić Branimir Gregurić |
| author_facet | Lorena Škuflić Fran Galetić Branimir Gregurić |
| author_sort | Lorena Škuflić |
| collection | DOAJ |
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This paper analyzes market concentration on the market of insurance companies in Croatia. For a very long time, Croatian insurance market was dominated by one company. After the liberalization, the number of insurance companies on the market began to increase, which led to a significant fall in levels of market concentration. The paper analyzes various indicators of market concentration, and for each indicator there is a calculated value which should help to see the trend. From all the analyzed indicators of market concentration, three were selected for the estimation of econometric models trend. The aim of these models is to predict the movement of market concentration on the insurance market in the next few years. The analysis shows that in the near future we can expect a further reduction in the level of concentration on Croatian insurance market companies, as well as the transition to less concentrated market structures.
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| format | Article |
| id | doaj-art-36d4cc3bc6284171b8604bc5911c3d90 |
| 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-36d4cc3bc6284171b8604bc5911c3d902025-02-11T00:33:27ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2011-11-0192LIBERALIZATION AND MARKET CONCENTRATION IN THE INSURANCE INDUSTRY: CASE OF CROATIALorena Škuflić0Fran Galetić1Branimir Gregurić2Faculty of Economics and Business, University of ZagrebFaculty of Economics and Business, University of ZagrebFaculty of Economics and Business, University of Zagreb This paper analyzes market concentration on the market of insurance companies in Croatia. For a very long time, Croatian insurance market was dominated by one company. After the liberalization, the number of insurance companies on the market began to increase, which led to a significant fall in levels of market concentration. The paper analyzes various indicators of market concentration, and for each indicator there is a calculated value which should help to see the trend. From all the analyzed indicators of market concentration, three were selected for the estimation of econometric models trend. The aim of these models is to predict the movement of market concentration on the insurance market in the next few years. The analysis shows that in the near future we can expect a further reduction in the level of concentration on Croatian insurance market companies, as well as the transition to less concentrated market structures. https://www.er.ef.untz.ba/index.php/er/article/view/186market concentrationinsuarance industrythe trend model |
| spellingShingle | Lorena Škuflić Fran Galetić Branimir Gregurić LIBERALIZATION AND MARKET CONCENTRATION IN THE INSURANCE INDUSTRY: CASE OF CROATIA Economic Review market concentration insuarance industry the trend model |
| title | LIBERALIZATION AND MARKET CONCENTRATION IN THE INSURANCE INDUSTRY: CASE OF CROATIA |
| title_full | LIBERALIZATION AND MARKET CONCENTRATION IN THE INSURANCE INDUSTRY: CASE OF CROATIA |
| title_fullStr | LIBERALIZATION AND MARKET CONCENTRATION IN THE INSURANCE INDUSTRY: CASE OF CROATIA |
| title_full_unstemmed | LIBERALIZATION AND MARKET CONCENTRATION IN THE INSURANCE INDUSTRY: CASE OF CROATIA |
| title_short | LIBERALIZATION AND MARKET CONCENTRATION IN THE INSURANCE INDUSTRY: CASE OF CROATIA |
| title_sort | liberalization and market concentration in the insurance industry case of croatia |
| topic | market concentration insuarance industry the trend model |
| url | https://www.er.ef.untz.ba/index.php/er/article/view/186 |
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