We develop a parsimonious model to study the equilibrium structure of financial markets and its efficiency properties …

Insurance market of Southeast European countries is characterized by significant changes due to uneven economic growth … and development. At markets of developed countries, life insurance premium has the leading position in total insurance … insurances make the biggest part in the total portfolio of the insurance market in Montenegro. The insurance industry was not …

benefits which have a positive effect on the performance of the insurance and financial markets. More specifically, the … collaboration of banks and insurance companies through the bancassurance model, as the distribution channel of insurance products … effective implementation of bancassurance provides benefits to banks, insurance companies, and to their customers. Although …