Insurance convergence and post-crisis dynamics in Central and Eastem Europe

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<title>Insurance convergence and post-crisis dynamics in Central and Eastem Europe</title>
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<abstract displayLabel="Summary">What is the impact of economic convergence and of structural breaks like the global financial crisis on insurance development? We employ a dynamic panel data GMM framework on a sample of eight Central- and Eastern European countries in the period between 1994 and 2014. Particular emphasis is on the relationship between economic growth and growth of life and non-life insurance during the transition period. A variety of enabling environment indicators influences insurance growth, and we find considerable differences between the life and non-life insurance market. In addition, we identify an insurance convergence effect that is significant before the 2008/2009 financial crisis. We investigate how these dependencies changed in the aftermath of the crisis.</abstract>
<note type="statement of responsibility">Martin Ertl</note>
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<topic>Mercado de seguros</topic>
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<topic>Crecimiento económico</topic>
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<geographic>Europa Central</geographic>
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<geographic>Europa del Este</geographic>
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<title>Geneva papers on risk and insurance : issues and practice</title>
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<publisher>Geneva : The Geneva Association, 1976-</publisher>
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<identifier type="issn">1018-5895</identifier>
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<text>03/04/2017 Volumen 42 Número 2 - abril 2017 , p. 323-347</text>
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