CROSS-BORDER INSURANCE BUSINESS ON THE EUROPEAN UNION SINGLE MARKET - A CROATIAN PERSPECTIVE

The authors analyse the legal framework for carrying on cross-border insurance business within the EU with special reference to the current legal system in the Republic of Croatia. Furthermore, the authors present the relevant statistical data on insurance business carried on under the rules on establishment or on the freedom to provide insurance services in and from the Republic of Croatia. The aim is to demonstrate how the implementation of the EU legislation on the freedom of establishment and freedom to provide insurance services affects the local insurance industry and to point at the challenges that the liberalisation of insurance services places in front of the insurance companies and other insurance service providers in the Republic of Croatia.