Life Insurance in Europe

Life Insurance in Europe
Author: Marta Borda
Publisher: Springer
Total Pages: 214
Release: 2021-10-23
Genre: Business & Economics
ISBN: 9783030496579

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.

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: 147
Release: 2022-11-09
Genre: Business & Economics
ISBN: 1000756025

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 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 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.

Morals and Markets

Morals and Markets
Author: Viviana A. Rotman Zelizer
Publisher: Columbia University Press
Total Pages: 322
Release: 2017-08-08
Genre: Social Science
ISBN: 0231545428

Life insurance—the promise of an insurer to pay a sum upon a person's death in exchange for a regular premium—is a bizarre enterprise. How can we monetize human life? Should we? What statistics do we use, what assumptions do we make, and what behavioral factors do we consider? First published in 1979, Morals and Markets Is a pathbreaking study exploring the development of life insurance in the United States. Viviana A. Rotman Zelizer combines economic history and a sociological perspective to advance a novel interpretation of the life insurance industry. The book pioneered a cultural approach to the analysis of morally controversial markets. Zelizer begins in the mid-nineteenth century with the rise of the life insurance industry, a contentious chapter in the history of American business. Life insurance was stigmatized at first, denounced in newspapers and condemned by religious leaders as an immoral and sacrilegious gamble on human life. Over time, the business became a widely praised arrangement to secure a family's future. How did life insurance overcome cultural barriers? As Zelizer shows, the evolution of the industry in the United States matched evolving attitudes toward death, money, family relations, property, and personal legacy.

Handbook of International Insurance

Handbook of International Insurance
Author: J. David Cummins
Publisher: Springer Science & Business Media
Total Pages: 1000
Release: 2007-12-23
Genre: Business & Economics
ISBN: 0387341633

Handbook of International Insurance: Between Global Dynamics and Local Contingencies analyzes key trends in the insurance industry in more than 15 important national insurance markets that represent over 90 percent of world insurance premiums. Well-known academics from Europe, the Americas and Asia examine their own national insurance markets, including the competitive structure, product and service innovations, and regulatory developments. The book provides academics and executives with an unprecedented range of information about today’s insurance markets. This book also provides important 'new' information on the evolution of the financial sector worldwide and comprehensive chapters on reinsurance, Lloyd’s of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization.

The Incomplete European Market for Financial Services

The Incomplete European Market for Financial Services
Author: Paolo Cecchini
Publisher: Springer Science & Business Media
Total Pages: 276
Release: 2003-02-03
Genre: Business & Economics
ISBN: 9783790800135

The incomplete European market for financial services, the obstacles to its integration and the potential benefits from more integration are subject of this book which is largely focussing on retail markets. The analysis can be regarded as a modernised follow-up to the financial market part of the famous 1988 Cecchini Report "The cost of non Europe". Even in the Euro age, retail financial markets in the EU are heavily fragmented and the consumers pay a large price for this fragmentation. This also weakens the growth perspective of EU and its international role. Explanations originate both from natural and policy-induced factors. Priorities for future policies are the dismantling of tax discriminations and further harmonisation in consumer protection and financial supervision.

U.S. Insurance Industry in Foreign Markets

U.S. Insurance Industry in Foreign Markets
Author: United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
Publisher:
Total Pages: 184
Release: 1990
Genre: Competition, International
ISBN: