Comparative analysis of the business results of insurance companies

Osiguravajuća društva pružaju usluge dobrovoljnog i obveznog osiguranja, te se kao takva smatraju jednima od najvažnijih financijskih institucija. Predmet rada je analiza ostvarenih poslovnih rezultata četiri osiguravajuća društva na tržištu Republike Hrvatske. S obzirom na specifičnost osiguravajuće djelatnosti, kao i način financijskog izvještavanja, instrumenti financijske analize kojima se pokušava analizirati poslovne rezultate također se razlikuju od uobičajene financijske analize. Važnost i utjecaj osiguravajućih društava u gospodarstvu očituje se u preraspodjeli rizika svih gospodarskih subjekata fizičkih ili pravnih svojstava. Naime s obzirom na nemogućnost predviđanja budućih događaja, koji pak predstavljaju rizik kako za pojedinca tako i organizaciju, osiguravajuća društva preuzimajući dio rizika od svih navedenih sudionika na određenom području djelovanja, preuzimaju odgovornost nadoknade novonastalih šteta. Njihova uloga praktički je sprječavanje enormnih gubitaka i kraha gospodarstvenih sudionika koji zbog složenosti poslovanja i okruženja u kojima djeluju nisu u mogućnosti pokriti troškove nastale hazardnim događajima.Insurance companies provide services of mandatory and voluntary insurance policies, thus they are considered as ones of the most important financial institutions. Subject matter is the analysis of the financial results of the four insurance companies in the market of the Republic of Croatia. Considering the specificity of the insurance companies, but also the way of financial reporting, instruments of the financial analysis which are used to analyze operative results, also are different than the usual financial analysis. The importance and the effect of the insuranse companies on the economy is visible through redistribution of the risk of every economic subject be it physical or legal entity. Taking in consideration impossibility of predicting future events, which are presenting risks as well as for the individual but also for the organization, insurance companies by taking over part of the risk from all of the mentioned participants on the determined market, take the responsibility to cover the newly occurred expenses. Their role practically is to stop the enormous losses and total breakdowns of the legal entities which because of their business complexity and the environment in which are they doing business are not able to cover the expenses made by hazardous events