Analyzing Different Approaches to the Relations with the Insurance Intermediaries on the Non-Life Insurance Market in Bulgaria Cover Image

Analyzing Different Approaches to the Relations with the Insurance Intermediaries on the Non-Life Insurance Market in Bulgaria
Analyzing Different Approaches to the Relations with the Insurance Intermediaries on the Non-Life Insurance Market in Bulgaria

Author(s): Desislava Racheva
Subject(s): Economy, Financial Markets
Published by: Съюз на учените - Варна
Keywords: insurance intermediation; non-life insurance market; sales channel; insurance service; competitive advantages; buyer power

Summary/Abstract: The non-life insurance market in Bulgaria is relatively unified when ot comes to terms of conditions and rates. This makes establishing a competitive advantage for insurance companies a difficult, multifaceted and complex task. The desire to achive leading market positions, in line with the development of a stable policy in terms of risk exposure dictates the need to systematically analyze the actions of market participants - competitors, customers, intermediaries. This article will summarize some of the approaches for studying the relationships in the channels for the realization of the insurance service and will propose a complex one in which to unite the positive aspects of each of them and to neutralize the negative ones.

  • Issue Year: 9/2020
  • Issue No: 3
  • Page Range: 117-126
  • Page Count: 10
  • Language: Bulgarian