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Insurance market in Great Britain
Fortunová, Renáta ; Ducháčková, Eva (advisor)
Bachelor thesis explains the layout of the insurancemarket in Great Britain. It describes the development of the insurance market, whose origin dates back to the second half of the 17th century. It was in London, where a small coffee shop was opened by Mr. Edward Lloyd, who made use the shop as a center ofinformation exchange in maritime transport. The Bachelor Thesis describes gradual developement of this pioneer at the insurance market. It futhermore clarifies the essence of British insurance market with emphasis on its heterogeneousness. The Thesis is also aimed at clarifying of the nature of the insurance market, and points to the specifics of its diversified structure. An individiual section is devoted to analysis of insurance provided by Lloyd's, which is often described as the world's most famous, but also the least understood brand in the field of insurance. The Thesis describes the structure of Loyd's business and its challenges in new millennium such as insurance of oil-fields, wind-mill power plants, commercial airlines, and the private exploration of the space. Threats such as global terrorism, climate changes and geopolitical instability underline the need for Lloyd's to remain flexibly responsive to the new challanges.
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