Insurance regulation at EU level dates back to the 1970s and has always been intended to create a harmonized legal framework to incentivise freedom of establishment and freedom to provide services. However, despite considerable secondary law opposing the regulatory barriers between Member States and the general applicability of EU competition rules, fragmentation and a low level of market integration are constants of the insurance markets. In the more recent European sector regulation, the increasing focus on consumer protection and financial stability seems to predominate over the integration of domestic markets in an open and competitive European market. Through a horizontal methodological approach covering EU competition law, as well as EU internal market regulation, this contribution aims to provide a critical assessment of the impact of current EU insurance regulation on the low levels of competition and market integration. Comprehension of the reasons for market integration failure is necessary in order to answer the question of the role of regulation in the development of a competitive and integrated market in the insurance sector at EU level.

From market fragmentation to market integration in the EU insurance industry: can EU regulation unify what is separate at birth?

MARIANI, MARIA PAOLA
2017

Abstract

Insurance regulation at EU level dates back to the 1970s and has always been intended to create a harmonized legal framework to incentivise freedom of establishment and freedom to provide services. However, despite considerable secondary law opposing the regulatory barriers between Member States and the general applicability of EU competition rules, fragmentation and a low level of market integration are constants of the insurance markets. In the more recent European sector regulation, the increasing focus on consumer protection and financial stability seems to predominate over the integration of domestic markets in an open and competitive European market. Through a horizontal methodological approach covering EU competition law, as well as EU internal market regulation, this contribution aims to provide a critical assessment of the impact of current EU insurance regulation on the low levels of competition and market integration. Comprehension of the reasons for market integration failure is necessary in order to answer the question of the role of regulation in the development of a competitive and integrated market in the insurance sector at EU level.
2017
Mariani, MARIA PAOLA
File in questo prodotto:
File Dimensione Formato  
From market fragmentation to market integration in the EU insurance industry Marianirev.pdf

non disponibili

Descrizione: testo accettato per la pubblicazione dalla rivista
Tipologia: Documento in Pre-print (Pre-print document)
Licenza: NON PUBBLICO - Accesso privato/ristretto
Dimensione 466.64 kB
Formato Adobe PDF
466.64 kB Adobe PDF   Visualizza/Apri
lettera di accettazone.pdf

non disponibili

Descrizione: lettera di accettazione per la pubblicazione 03-03-2017
Tipologia: Allegato per valutazione Bocconi (Attachment for Bocconi evaluation)
Licenza: NON PUBBLICO - Accesso privato/ristretto
Dimensione 89.95 kB
Formato Adobe PDF
89.95 kB Adobe PDF   Visualizza/Apri
Abstract Mariani.pdf

non disponibili

Descrizione: abstract richiesto da editore
Tipologia: Abstract
Licenza: NON PUBBLICO - Accesso privato/ristretto
Dimensione 88.61 kB
Formato Adobe PDF
88.61 kB Adobe PDF   Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/3995650
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 3
  • ???jsp.display-item.citation.isi??? 1
social impact