Porovnanie európskeho poistného trhu s poistným trhom Slovenskej republiky
THE COMPARISON OF EUROPEAN AND SLOVAK INSURANCE MARKETS

Summary/Abstract: Up to 1989, the post-communistic European countries developed under regimes that were known by their stubborn and systematic degradation and refusal of market econo-my. Currently they are in the process of their integration into the European Union. Since 1989, individual post-socialistic countries have gone through differentiated de-velopments. However, it is possible to observe some common elements that have been formulated as integration criteria required by the European Union. The current integra-tion process of the Slovak Republic takes place on several platforms. It is not possible to assess any of them as being more important than others. However, there is no doubt that insurance, being part of the financial sector, represents a significant aspect of integration. Within this context, it may be interesting to compare the European and Slovak insurance markets. The comparison presented in this contribution is based on the 2001 data issued by the European Insurance Committee. The comparison criteria were chosen as follows: • proportional share of insurance in GDP, • review of insurance companies, • review of numbers of employees, • the development of Gross Premium Income, • allocation of technical reserves. I have compared especially the countries of the European Union as well as other European economically advanced countries and states that are currently in the process of integration. The comparison is supported not only by summarising tables, but also by graphs that clearly review economic positions of individual European countries.From the aspect of the Slovak insurance market, the results of the comparison are surely interesting. However it is also important to emphasise the criteria that will be required from insurance companies whose objective is to operate within the European Union.Regarding the fact that the insurance companies operating within the territory of Slovakia are owned by foreign subjects, it is justified to assume that the differences and disproportions in relation to best European insurance companies are going to diminish rapidly.

• Details
• Contents