Insurance distribution channels in European Union countries

Lace, Natalja; Põlajeva, Tatjana; Peleckis, Kęstutis; Peleckienė, Valentina

Use this URL to cite this publication: https://hdl.handle.net/20.500.14911/115464

Insurance distribution channels in European Union countries

Details

Publication Type (CRIS)

Straipsnis recenzuojamoje užsienio tarptautinės konferencijos medžiagoje / Article in peer-reviewed foreign international conference proceedings (P1d)

Publication Type (eLABa)

Straipsnis recenzuotame konferencijos darbų leidinyje / Article published in peer-reviewed conference proceedings (P1d)

VILNIUS TECH Research Priorities and Topics

Aukštos pridėtinės vertės ekonomika / High value-added economy (VE01)

Lithuanian Intelligent Specialization

Įtrauki ir kūrybinga visuomenė / Inclusive and creative society (L103)

Author(s)

Author	Affiliation
Lace, Natalja	Riga Technical University
Põlajeva, Tatjana	Tallinn University of Technology
Peleckis, Kęstutis	Ekonomikos inžinerijos katedra / Department of Economics Engineering (1149)
Peleckienė, Valentina	Vadybos katedra / Department of Management (1151)

Title

Insurance distribution channels in European Union countries

[en]

Natalja Lace, Tatjana Polajeva, Kęstutis Peleckis, Valentina Peleckienė

Is part of

The priorities of the world science: experiments and scientific debate : proceedings of the XI International scientific conference, 15-16 June 2016 = Приоритеты мировой науки: эксперимент и научная дискуссия : материалы XI международной научной конференции, Северный Чарльстон, Южная Каролина, США 15-16 июня 2016 года

Published In

Year	Start Page	End Page
2016	78	87

Publisher

North Charleston, SC, USA : CreateSpace, 2016

Extent

p. 78-87

URI

URI	Access Rights
https://hdl.handle.net/20.500.14911/115464
Straipsnis	Viso teksto dokumentas (atviroji prieiga) / Full Text Document (Open Access)

Cited references

Science / Art Area

Socialiniai mokslai / Social sciences (S)

Field of Science / Art

Vadyba / Management (S003)

Ekonomika / Economics (S004)

Keywords (en)

Abstract (en)

This paper describes insurance market – how active are insurance intermediaries, what challenges they face. Insurance intermediaries are key actors in the process of selling insurance products in the European Union (EU). We find that relative importance of the agents and brokers channels varies across EU member states. The European Commission has put forward a new proposal for a directive on insurance mediation which should provide for significant changes in practices of selling insurance products and guarantee enhanced level of consumer 79 protection. Proposals will introduce a revolutionary change concerning a ban on commissions and fees for independent insurance brokers selling these types of products.