The Greek Bank-Insurance Model: A Look at a Not-so-New Corporate Structure

European Research Studies Journal, Vol. 11, pp. 25-34, 2008

Posted: 2 Jun 2006 Last revised: 2 Jul 2009

See all articles by Andreas G. Merikas

Andreas G. Merikas

University of Piraeus

Sotiris K. Staikouras

City University - Cass Business School; ALBA Graduate Business School

Date Written: 2008

Abstract

One of the notable characteristics of modern financial markets is the convergence among financial institutions, which until recently preformed different tasks. To this end, the present study explores the bank-insurance phenomenon in the Greek market. It focuses on the development of financial conglomerates in the region, while arguing that the phenomenon is not as new as one would expect. A variant of the bank-insurance approach to financial services seems to have dominated the Greek market for over a century. An analysis of recent developments is also presented, with the evidence indicating a trend towards multi-venture partnerships as well as active involvement of multinational enterprises.

Keywords: Bank-insurance model, Greek economy, Financial conglomerates

JEL Classification: G2, G21, G22

Suggested Citation

Merikas, Andreas G. and Staikouras, Sotiris, The Greek Bank-Insurance Model: A Look at a Not-so-New Corporate Structure (2008). European Research Studies Journal, Vol. 11, pp. 25-34, 2008, Available at SSRN: https://ssrn.com/abstract=905869

Andreas G. Merikas

University of Piraeus ( email )

Piraeus, LA
Greece

Sotiris Staikouras (Contact Author)

City University - Cass Business School ( email )

106 Bunhill Row
London, EC1Y 8TZ
United Kingdom

ALBA Graduate Business School ( email )

Athinas Ave. & 2A Areos Str.
Vouliagmeni 166 71, Athens
Greece

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