THE EFFECTS ON INSURANCE MARKET IN REPUBLIC OF CROATIA MADE BY THEIR ACCESSION TO THE EUROPEAN UNION

Financijsko tržište Europske unije strukturirano je na način da sve financijske usluge koje su dostupne u jednoj državi članici budu dostupne i drugim državama članicama. Otvarajući financijsko tržište drugim državama članicama Europska unija stvorila je veliko, snažno i stabilno financijsko tržište. Jedan od ključnih pristupa za ostvarivanje tog cilja jest stvaranje što sličnijeg zakonodavstva i zakonodavnih regulativa za pojedinu uslugu financijskog tržišta. Na tržištu osiguranja u Europskoj uniji donesena je regulativa Solvency II. Regulativa Solvency II ima nekoliko ključnih ciljeva: uspostaviti kvalitetnu strukturu osiguranja u kojoj svaki član poznaje i izvršava svoja zaduženja, što točnije predvidjeti rizike, opasnosti i izazove tržišta, uspostaviti što bolju strukturu na tržištu osiguranja te učiniti podatke, koji su dostupni tijelima Europske unije, dostupne svim građanima. U tu svrhu institucija Insurance Europe, ključna institucija Europske unije za tržište osiguranja, svake godine javno objavljuje podatke o poslovanju osiguranja. U većini zemalja Europske unije na tržištu osiguranja događa se stagnacija. Pristupanjem Republike Hrvatske Europskoj uniji, bilo je potrebno da se regulative koje uređuju tržište u Republici Hrvatskoj usklade s regulativama koje propisuje Europska unija. Na području osiguranja to je značilo uvesti regulativu Solvency II. Iako je neposredno nakon pristupanja Europskoj uniji Hrvatska na tržištu osiguranja doživjela pad, pristupanje uniji u narednih nekoliko godina donijelo je velik rast. Najveće promjene na tržištu osiguranja u Republici Hrvatskoj nakon pristupanja Uniji dogodile su se implementacijom regulativa Europske unije te liberalizacijom tržišta osiguranja od automobilske odgovornosti.The financial market of the European Union is structured in such a way that all financial services available in one member state are available to other member states. By opening the financial market to other EU member states, a large, strong and stable financial market has been created. One of the key approaches to achieving these goals is to create as similar legislation as possible for each particular financial market service. In the insurance market in the European Union, the Solvency II regulation has been adopted. The Solvency II regulation has several key objectives: to establish a quality insurance structure in which each member knows and performs his duties, to predict the risks, dangers and challenges of the market as accurately as possible, to establish the best possible structure in the insurance market and make the data available to the bodies of the European Union, accessible to all citizens. To this purpose Insurance Europe, the European Union's key institution for the insurance market, publishes insurance business data every year. In most countries of the European Union, the insurance market is stagnating. With the accession of the Republic of Croatia to the European Union, it was necessary to harmonize the regulations that were current at the market in the Republic of Croatia with the regulations prescribed by the European Union. In the field of insurance, this meant introducing the Solvency II regulation. Although Croatia experienced a decline in the insurance market immediately after its accession to the European Union, accession to the Union in the next few years brought great growth. The biggest changes in the insurance market in the Republic of Croatia after the accession to the Union occurred with the implementation of European Union regulations and the liberalization of the motor third party liability insurance market