12. Historical development of insurance markets in the countries of Central and Eastern Europe.
Jacek Lisowski (Poznań University of Economics and Business). firstname.lastname@example.org
Piotr Manikowski (Poznań University of Economics and Business)
Ryszard Pukała (The Bronisław Markiewicz State Higher School of Technology and Economics).
The main objective of the session will be to present the specifics of the development of insurance markets in the countries of Central and Eastern Europe (including Poland, Russia, Lithuania, Belarus, Ukraine, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria). The markets of these countries are currently at various stages of development, which largely depends on historical and economic conditions (including the country’s membership in the EU). In some countries, such as the Czech Republic, Poland or Slovakia, insurance markets are more developed but in the others (e.g. Russia, Ukraine, Bulgaria) they are at very early stage of the development. Differences can be observed not only in the level of macroeconomic indicators (i.e. density and penetration), but also in the market structure (number of insurers, organizational and legal form of insurance companies, number and structure of products, demand for insurance [insurance awareness of customers and their protection], role and importance of insurance intermediation, the nature and importance of the supervisory authority and guarantee funds).
Main objectives of the session. It is expected to find answers, among others, for the questions connected with:
- common features in the development of CEE insurance markets,
- differences in the development of CEE insurance markets,
- reasons for these differences,
- directions in the development of CEE insurance markets,
- description of the factors in the development of CEE insurance markets (including economic, financial, social, legal and technological factors).
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