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Development And Competitiveness Aspects Of Insurance Markets Of Former Yugoslavia: The Emphasis On Montenegrin Insurance Market

Author

Listed:
  • Vladimir Njegomir

    (Faculty of Legal and Business Studies, Novi Sad)

  • Boris Marovic

    (Independent University, Banja Luka and Faculty of Technical Sciences, Novi Sad)

  • Radenko Puric

    (Faculty for Management, Herceg Novi and Faculty for Business Management, Bar)

Abstract

Insurance is a key form of risk financing that is in close interdependence with the economic development. The development of insurance that accompanied economic development and changes in the social system, in the countries of the region, had certain common characteristics because of the shared history but also there are differences in the economic development that have led to a different level of competitiveness and the overall development of the insurance market. The focus of this paper is the development of insurance in Montenegro, the analysis of the insurance market in the region of former Yugoslavia, a comparative analysis of the market situation and an analysis of the competitiveness of the insurance sector in the region.

Suggested Citation

  • Vladimir Njegomir & Boris Marovic & Radenko Puric, 2014. "Development And Competitiveness Aspects Of Insurance Markets Of Former Yugoslavia: The Emphasis On Montenegrin Insurance Market," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 23(1), pages 291-308, june.
    • Handle: RePEc:avo:emipdu:v:23:y:2014:i:1:p:291-308
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    References listed on IDEAS

    as
    1. Nat Pope & Yu‐Luen Ma, 2008. "The Market Structure–Performance Relationship in the International Insurance Sector," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(4), pages 947-966, December.
    2. Joe S. Bain, 1951. "Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936–1940," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 65(3), pages 293-324.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Insurance; Insurance market; Competition; Region of former Yugoslavia; Montenegro;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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