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Development of the insurance sector in the Western Balkan countries: the drive towards the European Union insurance system

Author

Listed:
  • Safet Kozarevic
  • Emira Kozarevic
  • Edina Siljegovic

Abstract

The Western Balkan countries are characterised by a long period of transition to the market economy followed by their intention to integrate into the European Union. There are many benefits encouraging them to integrate and, in this paper, we are going to show the impact of the integration into the European Union on their financial services market, with the focus on the insurance market. Building the higher level of competitiveness through the legal and institutional standardisation will result in development of the insurance markets of these countries in many aspects. The best way to see it is to look at correlation between their level of integration into the European Union and the level of the insurance market development they reached.

Suggested Citation

  • Safet Kozarevic & Emira Kozarevic & Edina Siljegovic, 2011. "Development of the insurance sector in the Western Balkan countries: the drive towards the European Union insurance system," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 4(3), pages 287-302.
    • Handle: RePEc:ids:ijepee:v:4:y:2011:i:3:p:287-302
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    Cited by:

    1. Ardita TODRI & Imelda SEJDINI & Petraq PAPAJORGJI & Christos Ap. LADIAS, 2024. "Mapping The Psychological Landscape Of Social Preferences And Attitudes Towards Voluntary Insurance Products In The Western Balkan Region," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 131-142, June.
    2. Perseta Grabova & Gentiana Sharku, 2021. "Drivers Of Life Insurance Consumption - An Empirical Analysis Of Western Balkan Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 66(231), pages 33-58, October –.
    3. Tomislava Pavić Kramarić & Mirjana Pejić Bach & Ksenija Dumičić & Berislav Žmuk & Maja Mihelja Žaja, 2018. "Exploratory study of insurance companies in selected post-transition countries: non-hierarchical cluster analysis," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 26(3), pages 783-807, September.

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