Contemporary Trends in the Global Insurance Industry

Njegomir, Vladimir; Marović, Boris

doi:10.1016/j.sbspro.2012.05.013

Cited by 15 publications

(4 citation statements)

References 2 publications

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“…У једном од истраживања пре ковида наводи се пет трендова у осигурању, који утичу на привредну грану и опредељују домашај осигуравајућих кућа. Ти трендови су: "интеграциони процеси, који обухватају глобализацију, консолидацију и конвергенцију, све чешћи и интензивирани катастрофални догађаји и појава нових ризика, углавном изазваних технологијама у настајању" (Njegomir, Marovic, 2012).…”

Section: амбијент за пословање (екстерни аспект)unclassified

Поглед На Савремене Изазове У Управљању У Осигурању

Рабреновић¹,

Икбал²,

Сатриа³

2023

Правни И Економски Изазови У Осигурању У Динамичном Окружењу = Legal and Economic Challenges in Insurance in a Dynamic Environm

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Section: амбијент за пословање (екстерни аспект)unclassified

Поглед На Савремене Изазове У Управљању У Осигурању

Рабреновић¹,

Икбал²,

Сатриа³

2023

Правни И Економски Изазови У Осигурању У Динамичном Окружењу = Legal and Economic Challenges in Insurance in a Dynamic Environm

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“…Digital transformation of the insurance industry in a context where the speed of technological change is accelerating in proportion to the deployment of digital capabilities [8] most business sectors have had to reconfigure their way functioning and organization to deal with an unprecedented series of crises [9] the insurance business is not immune to the repercussions generated by the digital revolution [10] even if the expected changes will not be as disruptive as in other business sectors [11]. Above all, understanding expressed or implicit consumer's needs.…”

Section: Digital Transformation In Insurance Industry and Adoption Of...mentioning

confidence: 99%

Insurtech: Moroccan Regulation Toward the Example of Insurtech Lead in Arab Countries: United Arab Emirates

Elhoufi,

Elhaddad,

Tabaa

2023

SHS Web Conf.

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Technologies are redefining the ecosystem [1] and the boundaries between industries, and reshaping consumer’s expectations. It is important to share divers’ data in a network to forge a business related to contributor’s data in the same manner to predictive maintenance [2] The partnership with technology suppliers based on IOT and telematics open the gate to a novel ecosystem where one strong platform grows and expands. Digitization and technologies proposed a new approach to common failure for the insurance industry. we present the legal basis as an accelerator to boost the adoption of digital solutions in insurance services including distribution, claim declaration, contract’s renewal.

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“…For the high liberalized market, the participation of the foreign insurance companies changed meaningfully the non-life-insurance dynamics. Njegomira and Marović (2012) based on the analysis of the foreign insurers participation in the countries of former Yugoslavia over the 2006 -2009 period shown that the insurance globalization gives many advantages for the emerging countries markets like: the inflow of fresh capital, the best practices application and new types of insurance.…”

Section: Literature Reviewmentioning

confidence: 99%

Globalization on the Romanian insurance market in terms of competition

Dina

2018

Proceedings of the International Conference on Business Excellence

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This article proposes an analysis of the globalization process impact on the Romanian insurance industry in the last decade, after accession of Romania to the European Union, in terms of competition. One of the main lines of change caused by globalization includes changes in the legislative framework, which are considered to be forced by globalization. The introduction of Solvency II directive to the beginning of 2016 year to ensure for all European insurers, the integration, globalization and the unitary functioning on the same insurance market and the recent measures taken by several Romanian insurance undertakings to strengthen their financial position could be consider a major step to further encourage the improvement of market competition and better policyholder protection. In the last ten years, the Romanian insurance sector has been faced with changes such as mergers & acquisitions and bankruptcies that have modified the local landscape of the industry, so the majority of active companies in the market are now owned by the biggest financial groups worldwide. The results of the research reveal that the Romanian insurance market is characterised by a high concentration and competition level and in spite of the present risks, it is still attractive for foreign investors.

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Contemporary Trends in the Global Insurance Industry

Cited by 15 publications

References 2 publications

Поглед На Савремене Изазове У Управљању У Осигурању

Поглед На Савремене Изазове У Управљању У Осигурању

Insurtech: Moroccan Regulation Toward the Example of Insurtech Lead in Arab Countries: United Arab Emirates

Globalization on the Romanian insurance market in terms of competition

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