31 October 2010
The recent financial crisis has brought to light the serious challenges that the European financial services sector is facing. This report reviews the economic trends in the banking and insurance industries and the debate on the regulation of financial markets. It looks in detail at the business models that are applied as a response to the crisis. Finally, it develops scenarios for the potential adaptation process of the European financial services sector. The research was conducted by means of case studies of a range of companies in the sector, an online survey and interviews with experts from companies, social partners, research institutions and public authorities.
11 October 2010
Generali is one of the most significant players in the global insurance market, with 60 million clients worldwide. Generali is the third-largest insurance group in Europe after Axa and Allianz. Present in 65 countries, the group is the market leader in Italy and it has significant positions in Germany, Austria, France, Spain, Switzerland and Israel. Recently, the group started to develop activities in all of the New Member States. The headquarters and back-office departments for eastern Europe are located in Vienna, and Generali is now well developed in Hungary, Romania and the Czech Republic.
11 October 2010
This project was conducted by means of five case studies, and an online survey and interviews with experts from companies, research institutions and public authorities. The survey and interviews were vital in order to hear different opinions about changes in the financial sector resulting from the financial crisis, and the emergence of a new regulatory regime.