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.--

Insurance Intermediation

Insurance Intermediation
Author: Martina Eckardt
Publisher: Springer Science & Business Media
Total Pages: 249
Release: 2007-07-24
Genre: Business & Economics
ISBN: 3790819409

Insurance intermediaries can help consumers to economize on information and transaction costs in insurance markets. This book analyzes conduct and performance in the market for insurance information services by applying search theoretical and industrial organization approaches. Based on a sample of 927 insurance intermediaries, coverage empirically studies the factors that affect the quality of the information services provided by them.

Intermediation of Insurance and Financial Services in European VAT

Intermediation of Insurance and Financial Services in European VAT
Author: Claus Bohn Jespersen
Publisher: Kluwer Law International B.V.
Total Pages: 450
Release: 2011-01-01
Genre: Law
ISBN: 9041137327

The current European VAT legislation encompassing insurance and financial services, including intermediation thereof, dates back to the adoption of the Sixth VAT Directive in 1977. The definitions do not, however, encompass the current complexity of insurance and financial transactions. This has resulted in considerable confusion for fiscal authorities and for businesses when deciding upon the application of the VAT exemption. As the correct VAT treatment has a significant economic impact on businesses, a great number of cases have been referred to the Court of Justice of the European Union. This is also the reason why the European Commission presented its proposal for the future treatment of insurance and financial services, including intermediation thereof, in November 2007. The political process has not yet been finalised and if the Commission's proposal is agreed upon, the question of understanding the definitions still exists. This book deals with the exemption for intermediation of insurance and financial services within European VAT. This implies analysing the methods of interpretation applied by the Court of Justice of the European Union when interpreting the provisions regarding insurance and financial services. Furthermore, the current definitions for intermediation of insurance and financial services as provided for in the VAT Directive are analysed and conclusions are made in order to define a single concept of intermediation. These analyses are followed by various practical scenarios from case law of the Member States concerning intermediation of insurance and financial services. Finally, comments based on the analyses carried out are given on the European Commission's proposal for amending the VAT Directive and the accompanying Regulation regarding intermediation of insurance and financial services.

Contemporary Financial Intermediation

Contemporary Financial Intermediation
Author: Stuart I. Greenbaum
Publisher: Academic Press
Total Pages: 492
Release: 2019-05-14
Genre: Business & Economics
ISBN: 0124059341

Contemporary Financial Intermediation, 4th Edition by Greenbaum, Thakor, and Boot continues to offer a distinctive approach to the study of financial markets and institutions by presenting an integrated portrait that puts information and economic reasoning at the core. Instead of primarily naming and describing markets, regulations, and institutions as is common, Contemporary Financial Intermediation explores the subtlety, plasticity and fragility of financial institutions and credit markets. In this new edition every chapter has been updated and pedagogical supplements have been enhanced. For the financial sector, the best preprofessional training explains the reasons why markets, institutions, and regulators evolve they do, why we suffer recurring financial crises occur and how we typically react to them. Our textbook demands more in terms of quantitative skills and analysis, but its ability to teach about the forces shaping the financial world is unmatched. - Updates and expands a legacy title in a valuable field - Holds a prominent position in a growing portfolio of finance textbooks - Teaches tactics on how to recognize and forecast fluctuations in financial markets

Transparency in Insurance Regulation and Supervisory Law

Transparency in Insurance Regulation and Supervisory Law
Author: Pierpaolo Marano
Publisher: Springer Nature
Total Pages: 617
Release: 2021-03-30
Genre: Law
ISBN: 3030636216

This volume focuses on transparency as the guiding principle for insurance regulation and supervisory law. All chapters were written by experts in their respective fields, who address transparency in a wide range of European and non-European jurisdictions. Each chapter reviews the transparency principles applicable in the jurisdiction discussed. While the European jurisdictions reflect different facets of the principle as emerging from EU law on insurance, the principle has developed quite differently in other jurisdictions.

Development of Insurance in Mozambique

Development of Insurance in Mozambique
Author: Israel Muchena
Publisher: AuthorHouse
Total Pages: 235
Release: 2018-03-23
Genre: History
ISBN: 1546287183

By its nature, insurance is intended to provide financial protection for basic human needs such as shelter, means of self-sustenance, and well-being. You would expect that most, if not all, people would be covered by it in one form or another. Unfortunately, that is not the case for most people in Mozambique and many other low-income countries. In Development of Insurance in Mozambique, Israel Muchena answers questions such as: Why are those who need financial protection the most so often left uncovered? What should key stakeholders in the insurance sector be doing to raise awareness and to promote access of people that need financial protection the most? How do emerging concepts such as micro-insurance, weather index insurance, and digital marketing work? Muchena also examines the history of insurance, beginning with its ancient origins among traders in China, to written rules in ancient Iranian kingdoms, followed by the development of insurance through guilds in Mesopotamia and early markets in Europe. Thereafter, he leads readers up to the present day of how insurance is handled in Africa, including Mozambique.

Insurance Regulation and Supervision in Asia

Insurance Regulation and Supervision in Asia
Author: OECD
Publisher: OECD Publishing
Total Pages: 437
Release: 1999-12-14
Genre:
ISBN: 9264180125

This is the first OECD publication dealing with insurance issues in Asia. It provides a unique overview and analysis on insurance regulation and supervision in Asia.

Fundamentals of EU VAT Law

Fundamentals of EU VAT Law
Author: Ad van Doesum
Publisher: Kluwer Law International B.V.
Total Pages: 723
Release: 2016-07-21
Genre: Law
ISBN: 9041170170

Value added tax (VAT) is responsible for generating approximately €903 billion per year in tax revenues across the European Union – revenues that play a huge role in budgetary policymaking in the Member States. This extremely useful book provides not only a thorough description of the current state of EU VAT law, but also a detailed explanation of the system’s rationale and its legislative provisions. It puts the elements of the system in perspective and shows how they are linked to each other. The focus lies on the rules which can be deduced from the sources of EU VAT law and on their application in practice. The systematic presentation covers such issues and topics as the following: • sources of EU VAT law, including principles derived from CJEU case law; • principles underlying the EU VAT system; • relations among the layers of VAT law – primary and secondary EU law, national law; • how to apply the VAT legislation and case law; • allocation of taxing rights (place of supply rules); • invoicing requirements and other administrative obligations; • exemptions, VAT rates and the taxable amount; • the right of deduction of input VAT; • intra-Community transactions, importation and exportation; • immovable property; and • how far a national court must and can go in interpreting national provisions in the light of the VAT Directive and the principles underlying the VAT system. The book follows the structure of the VAT Directive/VAT determination scheme, with additional topical chapters on immovable property, intra-Community transactions, and importation and exportation of goods. With its detailed attention to the meaning and interpretation of each legislative provision and court ruling, this book serves as an incomparable guide for practitioners. Its emphasis on the rationale and systematics of the EU VAT system make it an indispensable reference for all tax law professionals and researchers.