Insurance and Entrepreneurship: a Theoretical and Empirical Analysis of Interdependence

The book “Insurance and Entrepreneurship: a Theoretical and Empirical Analysis of Interdependence” is the first in which empirical analysis of the interdependence of insurance and entrepreneurship is applied. The monograph is the result of the author’s efforts to confirm the well-founded theoretical assumptions that insurance positively affects entrepreneurship. Additionally, an analysis of entrepreneurship’s reciprocal impact on insurance and their combined effects on economic growth is applied.Positive evaluation of the monograph is received from three reviewers, doyen in the field of insurance: AcademicianUniv. Prof. Dr.Phil. Dr.Habib. Wolfgang Rohrbach, prof. Emeritus dr Boris Marović and prof. Dr. Zdravko Petrovic. The reviewers pointed out that the monograph represents an original author’s contribution and that the issue of the interdependence of insurance and entrepreneurship is presented logically, in professional but straightforward language, in a systematic, clear, and informative way. The theoretical basis and practical applicability of the presented issues, combined with many years of successful professional experience and academic and empirical research of the author, guarantee this monograph’s theoretical and practical value. Reviewers recommend the book to insurance professionals, entrepreneurs, government representatives, undergraduate and graduate students, and anyone who needs to learn or has an interest in learning about insurance, entrepreneurship, and their interdependence and development.The author used a vast opus of literature from over 396 sources, 30 graphic representations, and 51 tabular representations. The book is a harmoniously composed work whose structure and preface, conclusions, literature, and information about the author consist of 7 logically rounded units.EXCERPTS FROM REVIEWSThe author divided the monograph into two parts. The first part refers to the theoretical analysis of insurance and entrepreneurship and their interdependence. In the second part, he presents empirical studies of the interdependence between insurance and entrepreneurship. The book is for insurance professionals, entrepreneurs, government representatives, undergraduate and postgraduate studies students, and all those for whom it is necessary to learn or have the interest to learn about insurance, entrepreneurship, and their interdependence and development.Academician Univ. Prof. Dr.phil. Dr.habil. Wolfgang RohrbachProfessor Njegomir wrote the book in an accessible, systematized, informative and educational way. It is based on long-term research and the author’s work in risk management, insurance, reinsurance, and entrepreneurship. The theoretical foundation and practical applicability of the presented issues, combined with many years of successful professional experience and academic and empirical research by the author, guarantee this monograph’s theoretical and practical value.Emeritus Prof. Dr. Boris MarovicThis monograph represents a genuine author’s contribution to analyzing insurance and entrepreneurship’s interdependence. It is among the first with a comprehensive, empirically validated study of this problem. This uniqueness and originality make this book particularly significant for publication. I am pleased to recommend this book to the broader educational, scientific, and professional public.Prof. Dr. Zdravko Petrovic