Insurance Distribution Channels in European Union Countries

The Priorities of the World Science: Experiments and Scientific Debate: Proceedings of the XI International Scientific Conference 2016
Nataļja Lāce, Tatjana Polajeva, Kestutis Peleckis, Valentina Peleckienė

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 protection. Proposals will introduce a revolutionary change concerning a ban on commissions and fees for independent insurance brokers selling these types of products.

Keywords
insurance intermediaries, insurance mediation, intermediaries selling insurance, revision of IMD, insurance brokers, agents, consumers

Lāce, N., Polajeva, T., Peleckis, K., Peleckienė, V. Insurance Distribution Channels in European Union Countries. In: The Priorities of the World Science: Experiments and Scientific Debate: Proceedings of the XI International Scientific Conference, United States of America, North Charleston, 15-16 June, 2016. North Charleston: 2016, pp.78-87. ISBN 9781534747814.

Publication language
English (en)