THE TRANSITION TO A SINGLE INSURANCE MARKET IN THE EUROPEAN UNION |
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| Authors: | Karl C. Ennsfellner Mark S. Dorfman |
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| Affiliation: | an Assistant Professor of Insurance Wirtschaftsuniversitat Wien, Vienna, Austria.;Professor and Holder of the Whitbeck-Beyer Chair of Insurance and Financial Services at the University of Arkansas at Little Rock. |
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| Abstract: | Abstract: The European single insurance market incorporates the member stales of the European Union (EU). The legal framework for the market was enacted on June 30, 1994. The framework provides, above all, for a closely integrated supervisory (regulatory) system, a single license for the whole market and single home country control. Currently, some significant obstacles are slowing the realization of the European single insurance market, while several important economic policy and public interest questions remain to be answered. |
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