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EN
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.
EN
This article deals with a rarely discussed topic of globalization on the insurance market of the Slovak Republic. The scope of our interests includes the insurance market based on the market principles. We followed two particular lines of the changes caused by globalization. One of them includes the changes in the legislative framework where we also highlight situations, which are by mistake considered to be forced by globalization. Here we included currently prepared or intended legislation changes. The second line of the changes includes concentration on the insurance market of the Slovak Republic, mutual cooperation of the banks with insurance companies, cooperation of the private and public insurance and also a new way of sale of the insurance products (e-business). None of the above-mentioned changes could be considered as completed. We expect further developments, which will be enforced by different ratios of the damages vs. underwritten premiums and also changes in life expectancy.
EN
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 the 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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