Record Details

Insurance and Pension Markets in the European Union and Bulgaria (2005-2015)

Journal of Insurance and Financial Management

View Archive Info
 
 
Field Value
 
Title Insurance and Pension Markets in the European Union and Bulgaria (2005-2015)
 
Creator Nedelchev, Miroslav
 
Description The banking sector historically played the leading role in lending to the real sector in the EU. This tradition defines the magnitude of the banking sector and the development of non-banking sector. The transformations in the EU to strengthen the financial system identify particular attention to alternative sources of finance - insurance companies and pension companies.The new reality after the financial crisis formed positive expectations - the non-banking sector to maintain the economic performance and standards of living. The heightened expectations and real possibilities of government budgets created a new normality in which the non-banking sector is the main engine of the economy and reliable protection for society.The EU membership poses new challenges to the Bulgarian financial system. The convergence of practices in the insurance sector and the fragmentation of the pension insurance sector in the EU are properly applied in the Bulgarian economy. The overlapping in time of the two factors from the external environment, the EU membership and beginning of the crisis, changes the practices in the non-banking sector in response to a new type of competition and regulation, as well as social changes - the emergence of a middle class. The new situation involves risks and strategies that are reflected in the new regulatory regime.
 
Publisher Journal of Insurance and Financial Management
 
Contributor —
 
Date 2016-03-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
text/html
 
Identifier https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/12
 
Source Journal of Insurance and Financial Management; Vol 1, No 2 (2016): Journal of Insurance and Financial Management
2371-2112
 
Language eng
 
Relation https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/12/pdf
https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/12/html
 
Rights Copyright (c) 2016 Miroslav Nedelchev