Controlling kosztów w zakładzie ubezpieczeń
Cost controlling in an insurance company

Summary/Abstract: The purpose of this paper is to present the scope and tasks of cost controlling in the insurance company, taking into account ongoing changes on the European insurance market and an indication of the characteristic features for this system in relation to the specific business of insurance. The research methods used are based on an analysis of the literature in the area of controlling, management accounting, and insurance. The scope of cost controlliong includes: the sale of the insurance product, cost management, reinsurance activities and investment activities. The most important tasks include: budgeting of technical costs, budgeting results on investment activity and budgeting of the results for reinsurance. In the implementation of cost controlling the impact of factors which are specific to the insurance market have to be taken into account. They are the unification of the European market, changes in the methods of supervision on the European market (the implementation of the Solvency II project), relations with other financial institutions (functioning of financial conglomerates), the rapid movement of capital, a wide range of investments and changes in the global economy.

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