Projection of Financial Market Integration into Insurance Sector Cover Image

Globální vývojové tendence na finančních trzích
Projection of Financial Market Integration into Insurance Sector

Author(s): Jaroslav Daňhel, Eva Ducháčková
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: similarity of banking and life insurance products; connection between banks; insurers and other financial institutes; bancassurance; intersectorial diversification of risk; alternative transfer of risk

Summary/Abstract: This article deals with new trends on the financial markets, namely banking and insurance markets. In each country bancassurance is in a different phase of development due to the existence of different legal regulations and because citi-zens of each country have different ideas about the financial products and ser-vices. Nevertheless, bancassurance creates on the market completely a new space and it can be expected that its popularity will grow in the future. Namely life insurance is closely connected with banking products, contributing to the global tendency of banks and insurance companies to the development of bancassurance that brings synergic effects and intersectorial stabilizer.

  • Issue Year: 54/2006
  • Issue No: 07
  • Page Range: 699-708
  • Page Count: 10
  • Language: Czech