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Portfolio transfer with special focus on reinsurance

Vértesy, László and Széplaki, Valéria (2020) Portfolio transfer with special focus on reinsurance. In: Modern Strategies of Economic Development: Science, Innovation and Business. Kharkiv National University, Kharkiv, Ukraine, pp. 46-50.

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Abstract

This study is aimed at drawing a big picture of insurance portfolio transfer regulations in Europe with special focus on portfolio transfers that are backed by reinsurance, and to highlight the disturbing variety of publication and authorization rules among the EEA Member States that present hurdle to the fast and efficient functioning of the European single insurance market. Although reinsurance business in Ukraine has dropped in the first half of 2020, it is still an important method to transfer or disperse original risks among the players of the insurance market. In general, the decision of an insurance company on insurance portfolio transfer is a clear way to say farewell to high claim contracts or to cut-off insurance business lines or business areas in the future. Solvency II rules do entail common European rules on portfolio transfer between companies residing in the Member States, including branches within EEA of companies residing in third countries. We aim to support the need for a more detailed unified EU (EEA) legislation in this area.

Item Type: Book Section
Subjects: H Social Sciences / társadalomtudományok > HG Finance / pénzügy
Depositing User: Dr. László Vértesy
Date Deposited: 23 Nov 2020 07:55
Last Modified: 03 Apr 2023 07:04
URI: http://real.mtak.hu/id/eprint/117241

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