Ownership Transformation of Insurance Sector in the Region of Central and Eastern Europe for the Period of Crisis
Ownership Transformation of Insurance Sector in the Region of Central and Eastern Europe for the Period of Crisis

Summary/Abstract: Restructuring process refers to numerous activities by which insurance sector changes the existing ownership structure and business strategies in order to maximize the profits and improve business efficiency. Since in insurance sector in Central and Eastern Europe there occur changes, due to turbulent business environment, insurance companies, in order to survive in the market resort to the startegy of adaptation. The aim of this paper is to present the process of ownership transformation in the region of Central and Eastern Europe for the period of economic crisis, as well as to point to the fact that the growing share of foreign ownership in insurance sector has affected the recomposition of market structure, as well as growth of its share in the achieved insurance premium in the region.

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