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The Hungarian Insurance Market: Economic Transition in the Insurance Sector

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  • Bertrand Venard
  • Martin Halek
  • Mark S. Dorfman

Abstract

This article analyzes Hungary's insurance sector as an important part of the country's economic transition from a centrally planned economy to a market economy. It details the historic economic development of the Hungarian insurance market from a state monopoly to a competitive insurance market where foreign‐owned insurance companies have a dominant market share.

Suggested Citation

  • Bertrand Venard & Martin Halek & Mark S. Dorfman, 2008. "The Hungarian Insurance Market: Economic Transition in the Insurance Sector," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 11(2), pages 377-396, September.
    • Handle: RePEc:bla:rmgtin:v:11:y:2008:i:2:p:377-396
    DOI: j.1540-6296.2008.00145.x
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    References listed on IDEAS

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    1. Annette N. Brown (ed.), 1999. "When Is Transition Over?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wito, November.
    2. Bertrand Venard & David Cummins, 2007. "Handbook of international insurance. Between global dynamics and local contingencies," Post-Print hal-00778917, HAL.
    3. Wladimir Andreff, 2003. "Privatisation and Structural Change in Transition Economies," Post-Print halshs-00275935, HAL.
    4. Bilin Neyapti & Nergiz Dincer, 2005. "Measuring the Quality of Bank Regulation and Supervision with an Application to Transition Economies," Economic Inquiry, Western Economic Association International, vol. 43(1), pages 79-99, January.
    5. Judy Day & Peter Taylor, 2004. "Institutional Change and Debt-based Corporate Governance: A Comparative Analysis of Four Transition Economies," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 8(1), pages 73-115, March.
    6. C Maxwell Watson, 2004. "Adopting the Euro: an Introduction to Four Country Studies," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 46(1), pages 95-103, March.
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    Cited by:

    1. J. David Cummins & Bertrand Venard, 2008. "Insurance Market Dynamics: Between Global Developments and Local Contingencies," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 11(2), pages 295-326, September.

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