INSURANCE MARKET EU COUNTRIES
Main Article Content
Keywords
:
insurance, insurance market, European Union, life insurance
Abstract
The aim of the work was to recognize and present the situation and changes on the insurance market in the European Union. The research concerned the entire insurance market in the EU. The data concerned the years 2006-2015. Sources of materials were the analysis of available literature in the field of insurance, data from the Insurance Europe database. The work uses the comparative method, the dynamics indexes were used, the Gini concentration coefficient was calculated and the degree of concentration was presented using the Lorenzo curve. Indicators assessing the development of the insurance market were also applied. The descriptive, tabular and graphical methods were used to present the results of the research. It was found, that the number of operating companies and their employees slightly decreased on the market. Employment reduction was proportional. There was a large concentration of this activity in several of the most developed EU countries. In the case of gross written premiums, the concentration level in the dominant countries was even greater. This concerned both total insurance and their groups. The insurance sector experienced the impact of the economic downturn in 2008, as in most countries the value of insurance premiums decreased. In top countries, changes in the value of premiums were not rapid. Taking into account changes throughout the period 2006-2015, life insurance premiums grew more slowly than for other insurance. Such regularity occurred in the case of countries generating the highest value of premiums. It was also possible to notice a change in the structure of insurance premiums, as the share of life insurance went down from 63.3% in 2006 to 61.5% in 2015. The insurance market in the EU has been growing at a slower pace than the economy. This is evidenced by the deteriorating insurance penetration rate. In the case of this indicator, there were visible disproportions between the most and least developed EU countries.
Article Details
How to Cite
Rokicki, T. (2018). INSURANCE MARKET EU COUNTRIES. The Scientific Journal European Policies, Finance and Marketing, (20(69), 186–196. https://doi.org/10.22630/PEFIM.2018.20.69.39
Statistics
Downloads
Download data is not yet available.
Recommend Articles
Similar Articles
- Monika Pawłowska, Artur Stefański, THE ANALYSIS OF THE INFLUENCE FARMERS, AS DEBTORS, HAVE ON THE PROFITABILITY AND SOLVENCY OF COOPERATIVE BANKS IN POLAND BETWEEN 2012-2017 , The Scientific Journal European Policies, Finance and Marketing: No. 20(69) (2018)
You may also start an advanced similarity search for this article.
Most read articles by the same author(s)
- Stanisław Bereziński, Tomasz Rokicki, FINANCING OF LINEAR ROAD INFRASTRUCTURE IN POLAND , The Scientific Journal European Policies, Finance and Marketing: No. 24(73) (2020)
- Tomasz Rokicki, The scale of operations and transport organization in agribusiness enterprises , The Scientific Journal European Policies, Finance and Marketing: No. 9(58) (2013)