Regulation of insurance market in Lithuania : efforts towards the open market
Latvian Academy of Sciences |
| Date |
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2011 |
Šis straipsnis siekia atskleisti Lietuvoje susiklosčiusią praktiką po to, kai Lietuva įstojo į Europos Sąjungą ir įtvirtino naują teisinių santykių draudimo sektoriuje reguliavime, pagal kurj draudimo įmonės iš kitų Europos Sąjungos Valstybių narių įgijo teisę vykdyti draudimo veiklą Lietuvoje. Straipsnyje yra aptariami klausimai, susiję su kitu Europos Sąjungos valstybių narių draudimo įmonių galimybėmis vykdyti draudimo veiklą Lietuvoje, taip pat parodoma, kokias problemas sukėlė Lietuvos pastangos sukurti atvirą draudimo paslaugų ietuvoje, išskiriami šio proceso privalumai ir trūkumai.
This article seeks to analyse the experience of Lithuania after the new regulation in insurance sector was implemented according to which insurance undertakings of other European Union (hereinafter, the EU) Member States acquired the right to engage in insurance activity in Lithuania. The article shows the possibilities for insurance undertakings of other EU Member States to act in Lithuanian insurance sector, analyses the problems that were caused by efforts to create the open insurance market in Lithuania, and advantages and disadvantages of such process that may be seen until now. Three possibilities having insurance undertakings of other EU Member States are discussed in the article: the right to establish a subsidiary undertaking, the possibility to provide services on the cross-border basis and the right to establish a branch in Lithuania. The author comes to the conclusion that despite the fact that some problems were caused by trying to create a really open insurance market in Lithuania, the overall impact of the possibility of insurance undertakings of other EU Member Slates to act in Lithuania is more positive than negative.