Comparative Analysis of Insurance Premiums in Serbia and Bosnia and Herzegovina
Comparative Analysis of Insurance Premiums in Serbia and Bosnia and Herzegovina
Multiple Linear Regression Analysis Model
Author(s): Tijana Kaličanin, Sandra Kamenković, Ivana SimeunovićSubject(s): Economy
Published by: Institut ekonomskih nauka
Keywords: insurance premiums; insurance sector; multiple linear regression analysis model
Summary/Abstract: In the last few years, the global insurance market has shown a trend of concentration growth, whichwas conditioned by the processes of mergers and acquisitions in insurance. The aim of this paper isto make a comparative analysis of insurance premiums in Serbia and Bosnia and Herzegovina.Dynamic analysis of market concentration indicators calculated on the basis of absolute amounts ofpremiums indicates that the insurance market in Bosnia and Herzegovina is characterized by lowconcentrated supply, i.e. there is greater equality of market share in relation to high inequality andhigh concentration among market participants in the insurance sector of the Republic of Serbia.Having applied the multi‐linear regression model in order to analyze the impact of selectedmacroeconomic indicators on the amount of insurance premiums in the period 2000‐2017, it can beconcluded that the greatest impact on the amount of the premium in Bosnia and Herzegovina hadGross Domestic Income and Wage and Salaries Workers. In the Republic of Serbia, the greatestinfluence on the amount of premium in the observed period had the Average Net Salary, Householdsand Final Consumption Expenditure and Gross Domestic Income.
Journal: Economic Analysis
- Issue Year: 52/2019
- Issue No: 1
- Page Range: 23-35
- Page Count: 13
- Language: English