Insurance undertakings belong to a group of highly profitable financial institutions, which is connected with higher level of tax liability. However, representatives of ruling parties in the Czech Republic are considering an implementation of new sector tax focused on commercial insurance...

In 2018, the Insurance Distribution Directive (IDD) was fully implemented by all EU member states. It intends to harmonize the insurance market, provide the right incentives for the agents and protect the consumers. But why? The core business of the banking sector makes it necessary for a...