Thursday, July 21th 2022, 10:15 – 12:15 (CEST), Room U1, 197

Zoom-Link: https://unibas.zoom.us/j/65623279375 | Meeting ID: 656 2327 9375

Session Organisers: Jacek Lisowski (Poznań University of Economics and Business) jacek.lisowski@ue.poznan.pl, Piotr Manikowski ( (Poznań University of Economics and Business) piotr.manikowski@ue.poznan.pl, Adam Śliwiński (Warsaw School of Economics) asliwin@sgh.waw.pl

Abstract:

The main objective of the session will be to present the specifics of the development of insurance markets in the countries of Central and Eastern Europe (including Poland, Russia, the Czech Republic, Slovakia, Serbia, Croatia, North Macedonia). The markets of these countries are currently at various stages of development, which largely depends on historical and economic conditions (including the country's membership in the EU). In some countries, such as the Czech Republic, Poland or Slovakia, insurance markets are more developed but in the others (e.g. Russia, Ukraine, Bulgaria) they are at very early stage of the development. Differences can be observed not only in the level of macroeconomic indicators (i.e. density and penetration), but also in the market structure (number of insurers, organizational and legal form of insurance companies, number and structure of products, demand for insurance [insurance awareness of customers and their protection], role and importance of insurance intermediation, the nature and importance of the supervisory authority and guarantee funds).

Main objectives of the session:

• It is expected to find answers, among others, for the questions connected with:
• common features in the development of CEE insurance markets
• differences in the development of CEE insurance markets
• reasons for these differences
• directions in the development of CEE insurance markets
• description of the factors in the development of CEE insurance markets (including economic, financial, social, legal and technological factors).

1. The History of Trade Credit Insurance Market in Poland

• Jacek Lisowski, Department of Insurance, Poznan University of Economics and Insurance (online)

2. Life Insurance Market History - The Case of Poland on the Background of CEE

• Adam Sliwinski, Collegium of Management and Finance, Warsaw School of Economics

3. Development of Motor Insurance in Poland - innovations perspective

• Piotr Manikowski, Department of Insurance, Poznan University of Economics and Insurance

4. Evolution of a Commercial Insurance Company in Trans-Epochal Developments: The Evidence of Czech Insurance Market

• Eva Vávrová, Department of Finance, Masaryk University
• Lenka Přečková, Department of Finance and Accounting, Silesian University