LINKING BANKS AND INSURANCE COMPANIES – A NEW TREND IN THE MACEDONIAN BANKING SECTOR

Bishev, Gligor and Blazhekovikj Toshevski, Marina and Odzaklieska, Dragica (2020) LINKING BANKS AND INSURANCE COMPANIES – A NEW TREND IN THE MACEDONIAN BANKING SECTOR. In: XV International Scientific Conference on Service sector, Ohrid.

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Abstract

Cooperation between banks and insurance companies is a contemporary trend in many banks in
developed and developing countries and has recently been increasingly implemented in our country.
Insurance slowly but surely becomes one of the most attractive options for expanding the banking
business. The borrower, banks as intermediaries and insurance companies also benefit from this method
of connection. Also, insurance is used by banks to manage risks. Out of 15 banks in the Macedonian
banking sector, 7 banks have received permission from the Supervision Agency and the NBRM to
perform insurance representation activities.
The purpose of this paper is to put emphasize on bancassurance as a new modern trend in many
countries, to analyze which banks follow this trend and which products they offer in cooperation with
insurance companies. Also, it is made a comparative analysis of the application of this method in
individual countries.

KEY WORDS: banks, insurance companies, bancassurance

Item Type:	Conference or Workshop Item (Paper)
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Information and Communication Technologies
Depositing User:	Prof. d-r. Marina Blazekovic
Date Deposited:	31 Aug 2023 15:38
Last Modified:	31 Aug 2023 15:38
URI:	https://eprints.uklo.edu.mk/id/eprint/8772

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