J 2017

New approaches to regulating insurance markets in the European Union in the aftermath of the financial crisis

VÁVROVÁ, Eva, Eliška HRABALOVÁ a David HAMPEL

Základní údaje

Originální název

New approaches to regulating insurance markets in the European Union in the aftermath of the financial crisis

Autoři

VÁVROVÁ, Eva, Eliška HRABALOVÁ a David HAMPEL

Vydání

Mendelu Working Papers in Business and Economics, Brno, Mendel University in Brno, Faculty of Business and Economics, 2017

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50600 5.6 Political science

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Odkazy

Klíčová slova anglicky

financial crisis, insurance market, regulation, supervisory authority, Directive Solvency II

Příznaky

Recenzováno
Změněno: 2. 3. 2018 14:29, doc. Ing. Eva Vávrová, Ph.D.

Anotace

V originále

The main objective of this paper is to analyze the impact of the financial crisis on insurance markets in the European Union and to evaluate changes in the approaches to insurance regulation depending on the effects of the financial crisis. The financial crisis has triggered an identified banking crisis and has shifted through the contagion channels from the US mortgage market to other financial sectors and regions of the world. With regard to the integration of financial institutions in the EU and the globalization of financial markets, a number of regulatory proposals has emerged in recent years to address the impact of the crisis, to eliminate the trigger of the crisis and to prevent recurrence of the causes of the crisis. The authors assess the development of financial health of insurers in the European insurance markets in the period of lingering financial crisis and draw conclusions based on the analysis of the insurance sector. The methods of panel regression and resulting models were used to achieve the aim of the paper.