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The Management Of An Insurance Company

Author

Listed:
  • Florin FRANT

    (Eftimie Murgu University, Jud. Caras-Severin, Romania)

Abstract

The management of an insurance company is based on a whole series of actions, whose finality can be found in obtaining and keeping a balance among the functions of the management, so as to ensure the success of the company on the market: the forecast function (substantiated in forecasts, plans and budgets), the organization function (completed with the achievement of the company objectives), the coordination functions (carried out between a manager and a subordinate or between a manager and several subordinates), the training function and the control function (which imply measuring the results, comparing the achievements, determining the causes that led to deviations, making corrections, etc.). This paper describes a few peculiarities, related to the decision-making process of an insurance company.

Suggested Citation

  • Florin FRANT, 2013. "The Management Of An Insurance Company," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 1, pages 273-279, June.
    • Handle: RePEc:cmj:seapas:y:2013:i:1:frantf
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    File URL: http://seaopenresearch.eu/Journals/articles/SPAS_1_32.pdf
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    References listed on IDEAS

    as
    1. Rodica Viorica COANA & Florin Ion COANA & Iudit FODOR, 2008. "Influence of adjacent insured risks upon the management of insurance companies," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(7), pages 180-188, May.
    2. Eduard EDELHAUSER, 2012. "The Challenges Of Advanced Management Methods For The Romanian Organisations," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 35-42, May.
    3. repec:cmj:journl:y:2012:i:25:edelhausere is not listed on IDEAS
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    More about this item

    Keywords

    Management; Insurance company;

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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