Affiliation:
1. Department of Insurance and Risk Management, Faculty of Tourism and Hospitality Saint Kliment Ohridski University Bitola Ohrid North Macedonia
Abstract
AbstractThe insurance markets of Central Eastern and Southeastern Europe (CESEE) present a unique landscape characterized by intricate geopolitical and institutional dynamics. Despite being a relatively small region, the countries within CESEE navigate a complex political and institutional environment. The development of insurance markets across CESEE is marked by considerable disparities, reflecting diverse approaches to market reforms. Despite the markets being open, a lack of competition prevails, with a pronounced presence of multinational insurance groups and their foreign affiliates. This paper provides an update on current challenges in the region.