Overcoming Past Obstacles to Insurance in the New EU Countries
The newest EU member countries in Central and Eastern Europe went through a rapid transition from state to market direction of economic and financial affairs as well as of enterprises and social arrangements, including insurance. As incentive structures, property rights, rules of competition, and th...
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| Veröffentlicht in: | Geneva papers on risk and insurance. Issues and practice 2005-04, Vol.30 (2), p.296-311 |
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| container_title | Geneva papers on risk and insurance. Issues and practice |
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| creator | von Furstenberg, George M. Junker, Klaus |
| description | The newest EU member countries in Central and Eastern Europe went through a rapid transition from state to market direction of economic and financial affairs as well as of enterprises and social arrangements, including insurance. As incentive structures, property rights, rules of competition, and the assignment of liabilities changed, so did the risks associated with private operations and investments. This essay looks at some of the unexpected risk exposures and the means of coping with rapid change in incomplete financial markets largely through the eyes of a leading participant in the process. |
| doi_str_mv | 10.1057/palgrave.gpp.2510025 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1018-5895 |
| ispartof | Geneva papers on risk and insurance. Issues and practice, 2005-04, Vol.30 (2), p.296-311 |
| issn | 1018-5895 1468-0440 |
| language | eng |
| recordid | cdi_proquest_journals_197463992 |
| source | Jstor Complete Legacy; RePEc; Springer Nature - Complete Springer Journals; Business Source Complete |
| subjects | Automobile insurance Banks in insurance Cost control Financial services Infrastructure Insurable risks Insurance claims Insurance companies Insurance coverage Insurance industry Insurance premiums Insurance providers Insurance regulation Liability insurance Life insurance Monopolies Privatization Risk assessment Social insurance Socialism Studies Transition economies Vehicles |
| title | Overcoming Past Obstacles to Insurance in the New EU Countries |
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