The Necessity and Importance of Insurance Controlling

• Main Authors: Monica - Ioana Toader, Mihaela - Gabriela Todrican (Rosca), Adriana – Ioana Filip (Croitoru)
• Format: Article
• Language: English
• Published: Ovidius University Press 2020-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: controlling; instruments; entity; control; insurance market
• Online Access: https://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2021/03/Section%205/41.pdf

In this article we aim to present the need and importance of controlling as a control method and as a management technique, in order to identify the advantages of their subsequent use in the insurance market. Controlling is considered an indispensable function for the top management of the entity, in the sense of coordination, planning, control and computerization, in order to produce favorable generalizations or conclusions in the decision-making process. Through this research we aimed to highlight the interdependence between the management of the insurance field and the controlling system. At the same time, we aimed to clarify who the controller is and what are its functions within an entity and what are the stages of the decisionmaking process. It should be noted that a controlling system must be available to the management of the insurance industry all the tools to meet their information needs.