Life Insurance in Europe

Life Insurance in Europe
Author: Marta Borda
Publisher: Springer Nature
Total Pages: 215
Release: 2020-10-21
Genre: Business & Economics
ISBN: 3030496554

This book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future determinants of the insurance industry’s development by highlighting novel solutions in insurance supervision and trends in consumer protection. Drawing on their academic and practical expertise, the contributors identify problems relating to risk analysis and evaluation, demographic challenges, consumer protection, product distribution, mortality risk modeling, applications of life insurance in contemporary pension systems, financial stability and solvency of life insurers. They also examine the impact of population aging on life insurance markets and the role of digitalization. Lastly, based on an analysis of early experiences with the implementation of the Solvency II system, the book provides policy recommendations for the development of life insurance in Europe.

Voluntary Health Insurance in Europe: Country Experience

Voluntary Health Insurance in Europe: Country Experience
Author: Sagan A.
Publisher: World Health Organization
Total Pages: 163
Release: 2016-07-20
Genre: Business & Economics
ISBN: 9289050373

No two markets for voluntary health insurance (VHI) are identical. All differ in some way because they are heavily shaped by the nature and performance of publicly financed health systems and by the contexts in which they have evolved. This volume contains short structured profiles of markets for VHI in 34 countries in Europe. These are drawn from European Union member states plus Armenia Iceland Georgia Norway the Russian Federation Switzerland and Ukraine. The book is aimed at policy-makers and researchers interested in knowing more about how VHI works in practice in a wide range of contexts. Each profile written by one or more local experts identifies gaps in publicly-financed health coverage describes the role VHI plays outlines the way in which the market for VHI operates summarises public policy towards VHI including major developments over time and highlights national debates and challenges. The book is part of a study on VHI in Europe prepared jointly by the European Observatory on Health Systems and Policies and the WHO Regional Office for Europe. A companion volume provides an analytical overview of VHI markets across the 34 countries.

Insurance Market Integration in the European Union

Insurance Market Integration in the European Union
Author: Sławomir Ireneusz Bukowski
Publisher: Taylor & Francis
Total Pages: 144
Release: 2022-11-09
Genre: Business & Economics
ISBN: 1000756068

Insurance Market Integration in the European Union offers an in-depth analysis of the mechanisms of insurance market integration and measures the degrees of this integration. It examines the operation of the EU single financial market and, against this backdrop, the regulation relating to the insurance market. In addition, the book focuses on the specificity and determinants of international insurance market development and the issues with assimilation set against other financial market segments such as money market, credit-deposit and bond and equity. It discusses the advantages and disadvantages of insurance market integration on an international scale. The authors propose a unique approach to the subject in the context of the EU and particularly in relation to the European area. They also apply new measures of insurance market integration in the EU in practice through the use of statistical data and implementation of econometric modeling. Further, they investigate how the financial and fiscal crisis has affected the insurance market in EU countries and the impact of European Central Bank monetary policy on the degrees of integration in the European area during and after the financial crisis. This book will find an audience among academics and researchers in the fields of international economics and finance and applied, financial and growth economics.

Insurance Regulation in the European Union

Insurance Regulation in the European Union
Author: Pierpaolo Marano
Publisher: Springer
Total Pages: 403
Release: 2017-10-13
Genre: Business & Economics
ISBN: 3319612166

This book explores the profound transformation that has taken place in European insurance legislation since January 2016. Expert contributions discuss the changes that have taken place in the supervision of insurance and reinsurance undertakings through an economic risk-based approach. They outline the European insurance market before going on to show how Solvency II and Insurance Distribution Directive (IDD) are expected to generate significant benefits and have a positive impact on all parties involved in the insurance industry, the supervisory authorities and the insured. They also show how Solvency II is likely to benefit the economy as a whole, promoting more efficient allocation of capital and risk in a financial stability framework. This volume will be of interest to academics and researchers in the field of insurance regulation.

Effective Distribution Strategy for the Unit Linked Insurance Products for the Western European Consumer Life Insurance Market

Effective Distribution Strategy for the Unit Linked Insurance Products for the Western European Consumer Life Insurance Market
Author: Samuel Owusu
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

His research paper examines the effective distribution strategy for unit linked insurance products for the Western European consumer life insurance market. This research focuses on the importance of distribution channel choice in order to achieve greater market penetration and customer outreach. The aim of this research is to identify the key distribution channel characteristics that lead to a successful strategy for the sale of unit linked insurance products in the Western European market. In order to collect the data necessary for this research, interviews were conducted with executives from major life insurance companies operating in the Western European market. The interviews revealed several key findings, including that personal agents are the preferred distribution channel in this region and that product customization is critical to success. Additionally, the study identifies ways to leverage digital technologies in order to develop effective strategies for customer segmentation and targeted marketing. The findings of this research can be used by life insurance companies to inform their decisions on effective distribution strategies for unit linked insurance products in the Western European consumer market.Finally, this research provides insights that can be utilized to design successful distribution strategies for similar markets across the world. Additionally, this research could be used to develop models to help life insurance companies evaluate the expected performance of their unit linked insurance products in a variety of markets.This research can also be used by industry analysts to better understand the dynamics of the Western European consumer life insurance market. Furthermore, this study can help governments and authorities in the Western European market to set appropriate regulations and standards for the distribution of insurance products.This research provides essential insights into the trends and conditions of the Western European consumer life insurance market. This information can be used by companies to develop effective distribution strategies to ensure that their unit linked insurance products reach the right target consumers in an efficient, cost-effective manner. Moreover, this study provides a framework for similar studies in other markets, which could help to refine our understanding of the global life insurance market.

Insurance Distribution Directive

Insurance Distribution Directive
Author: Pierpaolo Marano
Publisher: Springer Nature
Total Pages: 439
Release: 2021
Genre: Bank marketing
ISBN: 3030527387

This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation offers the first comprehensive legal and regulatory analysis of the Insurance Distribution Directive (IDD). The IDD came into force on 1 October 2018 and regulates the distribution of insurance products in the EU. The book examines the main changes accompanying the IDD and analyses its impact on insurance distributors, i.e., insurance intermediaries and insurance undertakings, as well as the market. Drawing on interrelations between the rules of the Directive and other fields that are relevant to the distribution of insurance products, it explores various topics related to the interpretation of the IDD - e.g. the harmonization achieved under it; its role as a benchmark for national legislators; and its interplay with other regulations and sciences - while also providing an empirical analysis of the standardised pre-contractual information document. Accordingly, the book offers a wealth of valuable insights for academics, regulators, practitioners and students who are interested in issues concerning insurance distribution.--