Abstract:

Designing a cost strategy as an element of financial management in an insurance company includes planning activities related to the implementation of the strategy, the implementation of which is to guarantee the achievement of the set objectives. The design of a cost strategy is a decision-making-based activity, therefore the assumptions of the decision-making analysis should be taken into account, whose primary objective is to spread the decision-making problem into a set of smaller problems [Goodwin, Wright 2001, p. 19]. As a result of the development of decision-making theory there has been a change in the perception of the role of decision analysis.