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Оцена Степена Монополисаности Сектора Осигурања У Србији У Периоду 2011–2022
[Assesment of degree of monopolization of insurance sector in Serbia in the period 2011–2020]

Author

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  • Bukvić, Rajko

Abstract

Serbian. Чланак се бави проблемом одређивања степена монополисаности у сектору осигурања Србије (без Косова и Метохије) у раздобљу 2011–2022. Основ истраживања били су подаци о укупној премији осигурања друштава за осигурање, на којима је извршен обрачун коефицијента тржишне концентрације и Хиршман-Херфиндаловог коефицијента, као најпопуларнијих и најчешће коришћених мера концентрације. Њихове вредности показују (релативно) висок ниво концентрације, али без јасних тенденција у његовом кретању, и с минималним падом у целини. На основу еквивалентног броја, као реципрочне (инверзне) вредности Хиршман-Херфиндаловог коефицијента, предложен је индекс, или рацио граница монополисаности тржишта, који показује степен у коме је дато тржиште монополисано. Његове вредности у посматраном периоду крећу се од око 75 до 60, с јасном тенденцијом опадања, знатно интензивнијим од минималног пада вредности коефицијената концентрације. То показује да се на тржишту осигурања у Србији у датом периоду смањује утицај монополских (и олигополских) структура и да оно постаје све конкурентније, упркос смањивању броја друштава за осигурање у првој половини посматраног периода и њиховом неизмењеном броју од 2018. English. This article deals with the matter of determining the level of monopolization in the insurance sector of Central Serbia during the period 2011–2022. The basis of the research were data on the total insurance premium of insurance companies, for which we calculated the market concentration coefficient and the Hirschman-Herfindahl Index (HHI), as the most popular and most commonly used measures of concentration. Their values show a (relatively) high level of concentration, but without clear tendencies in its movement, and with minimal decline overall. Based on the equivalent number, as the reciprocal (inverse) value of the HHI coefficient, an index called the monopoly market ratio or boundary index of market monopolization was proposed, showing the degree to which the market is monopolized. The values of this index during the observed period range from around 75 to 60, with a clear downward tendency, significantly more intense than the minimal decline in the concentration coefficient values. This indicates that the insurance market in Serbia is reducing the influence of monopolistic (and oligopolistic) structures during the given period and is becoming increasingly competitive, despite the decrease in the number of insurance companies in the first half of the observed period and their unaltered number since 2018.

Suggested Citation

  • Bukvić, Rajko, 2024. "Оцена Степена Монополисаности Сектора Осигурања У Србији У Периоду 2011–2022 [Assesment of degree of monopolization of insurance sector in Serbia in the period 2011–2020]," MPRA Paper 121964, University Library of Munich, Germany, revised 2024.
    • Handle: RePEc:pra:mprapa:121964
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    References listed on IDEAS

    as
    1. Adelman, M A, 1969. "Comment on the "H" Concentration Measure as a Numbers-Equivalent," The Review of Economics and Statistics, MIT Press, vol. 51(1), pages 99-101, February.
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    More about this item

    Keywords

    монополисаност; концентрација; конкуренција; осигурање; Србија; показатељи; тржишни удели; број компанија; еквивалентни број; monopolization; concentration; competition; insurance; Serbia; indicators; market shares; number of companies; equivalent number;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services

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