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European Commission Spokesman's Briefing for 99-10-08
From: EUROPA, the European Commission Server at <http://europa.eu.int>
MIDDAY EXPRESS
News from the Spokesman's midday briefing
Nouvelles du rendez-vous de midi du Porte-Parole 08/10/1999b
CONTENTS / CONTENU
[01] Growing concentration in the European insurance industry due to
increasing competition
[01] Growing concentration in the European insurance industry due to
increasing competition
Four major trends influenced the insurance industry in the nineties :
concentration of insurance markets, as increased competition pushes
companies to find a future as "multinational" or niche players ; steady
growth of the industry, led by life insurers ; life insurance domination ;
leadership of incorporated companies, as the founding principles of mutuals
become difficult to uphold under the pressure of competition. Using largely
harmonised sets of data for the first time, the second comprehensive report
on insurance services in Europe published today by Eurostat, Statistical
Office of the European Communities, sheds light on this evolution.
MIDDAY EXPRESS
From EUROPA, the European Commission Server at http://europa.eu.int/
© ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996
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