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Analysis of Changes in the Regulatory Requirements for Participants in the Non-life Insurance Market in Bulgaria

Author

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  • Desislava Racheva

    (University of Economics - Varna)

Abstract

The changing conditions of the non-life insurance market have increased the importance and strength of insurance intermediaries over the last ten years. The need to implement European requirements, directives and practices necessitates a number of changes to the regulatory framework governing the insurance market in Bulgaria. The purpose of this article is to address the challenges facing participants in the insurance channel, with an emphasis on the quality of service provided by insurance intermediaries as a result of regulatory changes.

Suggested Citation

  • Desislava Racheva, 2019. "Analysis of Changes in the Regulatory Requirements for Participants in the Non-life Insurance Market in Bulgaria," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 8(2), pages 120-129, August.
    • Handle: RePEc:vra:journl:v:8:y:2019:i:2:p:120-129
    DOI: 10.36997/IJUSV-ESS/2019.8.2.120
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2019.8.2/120-129.pdf
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    References listed on IDEAS

    as
    1. Violeta Dimitrova, 2017. "Gross Margin and Buyer Power in Bulgarian Food Retailing," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 172-188.
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    1. Desislava Racheva, 2020. "Analyzing Different Approaches to the Relations with the Insurance Intermediaries on the Non-Life Insurance Market in Bulgaria," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 9(3), pages 117-126, December.

    More about this item

    Keywords

    regulatory framework; legal requirements; insurance mediation; non-life insurance market; sales channel; insurance service;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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