INFLUENCE OF GERMANY ON CAPITAL TRANSFERS IN THE INSURANCE BUSINESS OF SLOVAKIA (1939 – 1942)
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In the inter-war period, a structure of private insurance companies in which Czech insurance companies had the decisive influence, developed in Slovakia. In the years of existence of the independent Slovak Republic (1939 – 1945), Slovak national capital with government support made a great effort to gain control of the insurance market, mainly at the expense of insurance companies in the Protectorate of Bohemia and Moravia. However, the representatives of Reich German insurance companies began a process of capital expansion and demanded a share in the insurance market of the new state. After complex Slovak – German talks, a compromise agreement on division of the property of insurance companies was agreed in November 1940. However, both sides broke this agreement and there was another round of complex negotiations. The result was strengthening of the position of Slovak national capital and maintenance of the influence of the German insurance companies on the level of the end of the 1930s.
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