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European Life Insurance Market: Analysis of Current Situation and Development Prospects

In: Life Insurance in Europe

Author

Listed:
  • Marta Borda

    (Wroclaw University of Economics and Business)

  • Magdalena Chmielowiec-Lewczuk

    (Wroclaw University of Economics and Business)

  • Ilona Kwiecień

    (Wroclaw University of Economics and Business)

Abstract

With the knowledge that we are living in dynamic time, the purpose of this introductory chapter is to depict a picture of the European life insurance market position and structure and to discuss its size, main features and most important factors, as well as the potential and development prospects. First, we consider the position of the Europe as a region against the backdrop of the world. Next, the main market measures based on the value of gross written premiums and paid benefits are examined in order to indicate new trends or to confirm existing trends. The importance of macroeconomic factors in the development of the European life insurance sector is also considered. Finally, the new risks and challenges for life insurance business are discussed, including the latest regulatory changes.

Suggested Citation

  • Marta Borda & Magdalena Chmielowiec-Lewczuk & Ilona Kwiecień, 2020. "European Life Insurance Market: Analysis of Current Situation and Development Prospects," Financial and Monetary Policy Studies, in: Marta Borda & Simon Grima & Ilona Kwiecień (ed.), Life Insurance in Europe, chapter 0, pages 3-17, Springer.
    • Handle: RePEc:spr:fimchp:978-3-030-49655-5_1
    DOI: 10.1007/978-3-030-49655-5_1
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