Analysis of Insurance Distribution on the Czech Insurance Market
Analysis of Insurance Distribution on the Czech Insurance Market

Author(s): Martina Krügerová
Subject(s): Law on Economics, Financial Markets, EU-Legislation, Comparative Law
Published by: Masarykova univerzita nakladatelství
Keywords: distribution of insurance; insurance intermediaries; insurance markets regulations;
Summary/Abstract: In the insurance market, either internal or external sales method can be selected to distribute an insurance coverage. The external distribution channel (also called the intermediary channel) is represented by insurance intermediaries; the internal distribution channel (also called the employee channel) by employees of insurance companies. The new/forthcoming regulation of insurance distribution brings several changes, and alters a number of important fundamentals of the regulation of insurance distribution, in consequence insurance intermediaries, too. One of the goals of a comprehensive amendment, the introduction of a new categorization of insurance intermediaries and removal of differences in the external and internal distribution of insurance. This article is focused on the analysis of insurance distribution aiming insurance intermediaries in the context of insurance market development as well as the changes in regulation of insurance distribution as it comes to both the Czech and European law. The aim is to analyze the groups with the impact of the new regulation.

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