subject of insurance companies is to provide insurance protection based on commercial principles. All changes in the society … are directly reflected in the insurance activity. New risks appear and therefore new insurance products appear as well …. Insurance activities are divided into non-life insurance, life insurance, and in recent years increase also a share of life unit …

Purpose – The purpose of this paper is to examine insurance regulation theories, regulatory agency structures and … measures, political stability and cultural dimension in insurance markets of 56 developed and developing countries for 2005 …-2009. Findings – It was found that insurance consumption is lower in countries with an authority exclusively for insurance regulation …