Abstract:

Economic and social efficiency of the insurance must be examined both in terms of insurer interests on financial and economic management, and through the interests of policyholders. For the insurance company, insurance is more efficient as the insurance premiums paid claims data, the sums insured and administrative expenses are lower. On the contrary, for policyholders, the premiums paid, the economic efficiency of insurance is higher as the compensations, respectively, the amounts they receive are of a level closer to the real value of the property damaged or destroyed and, of course as the pays are received in a shorter time.