[1. Adams, M., Buckle, M. (2003), “The determinants of corporate financial performance in the Bermuda insurance market”, Applied Financial Economics, Vol. 13, No. 2, pp. 133-143.10.1080/09603100210105030]Search in Google Scholar
[2. Beck, T., Demirgüç-Kunt, A., Levine, R. (2006), “Bank concentration, competition, and crises: First results”, Journal of Banking & Finance, Vol. 30, No. 5, pp. 1581-1603.10.1016/j.jbankfin.2005.05.010]Search in Google Scholar
[3. Berger, L. A., Cummins, J. D., Tennyson, S. (1992), “Reinsurance and the liability insurance crisis”, Journal of Risk and Uncertainty, Vol. 5, No. 3, pp.253-272.10.1007/BF00057882]Search in Google Scholar
[4. Bourkhis, K., Nabi, M. S. (2013), “Islamic and conventional banks' soundness during the 2007–2008 financial crisis”, Review of Financial Economics, Vol. 22, No. 2, pp. 68-77.10.1016/j.rfe.2013.01.001]Search in Google Scholar
[5. Chen, R., Wong, K. A. (2004), “The determinants of financial health of Asian insurance companies”, Journal of Risk and Insurance, Vol. 71, No. 3, pp. 469-499.10.1111/j.0022-4367.2004.00099.x]Search in Google Scholar
[6. Cole, C. R., McCullough, K. A. (2006), “A reexamination of the corporate demand for reinsurance”, Journal of risk and Insurance, Vol. 73, No. 1, pp. 169-192.10.1111/j.1539-6975.2006.00170.x]Search in Google Scholar
[7. Cummins, J. D., Rubio-Misas, M., Vencappa, D. (2017), “Competition, efficiency and soundness in European life insurance markets”, Journal of Financial Stability, Vol. 28, pp. 66-78.10.1016/j.jfs.2016.11.007]Search in Google Scholar
[8. Cummins, J., Dionne, G., Gagné, R., Nouira, A. (2008), “The costs and benefits of reinsurance”, available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1142954 (10 December 2018).10.2139/ssrn.1142954]Search in Google Scholar
[9. Cummins, J. D., Grace, M. F., Phillips, R. D. (1999), “Regulatory solvency prediction in property-liability insurance: Risk-based capital, audit ratios, and cash flow simulation”, Journal of Risk and Insurance, Vol. 66, No. 3, pp. 417-458.10.2307/253555]Search in Google Scholar
[10. Cummins, J. D., Harrington, S. E., Klein, R. (1995), “Insolvency experience, risk-based capital, and prompt corrective action in property-liability insurance”, Journal of Banking & Finance, Vol. 19, No. 3-4, pp. 511-527.10.1016/0378-4266(94)00136-Q]Search in Google Scholar
[11. Das, M. U. S., Podpiera, R., Davies, N. (2003), “Insurance and issues in financial soundness”, IMF Working Paper 03/138, International Monetary Fund, Washington, DC.10.5089/9781451856002.001]Search in Google Scholar
[12. Demirgüç-Kunt, A., Detragiache, E. (2011), “Basel Core Principles and bank soundness: Does compliance matter?”, Journal of Financial Stability, Vol. 7, No. 4, pp. 179-190.10.1016/j.jfs.2010.03.003]Search in Google Scholar
[13. Demirgüç-Kunt, A., Detragiache, E., Tressel, T. (2006), “Banking on the principles: Compliance with Basel Core Principles and bank soundness”, The World Bank.10.1596/1813-9450-3954]Search in Google Scholar
[14. Demirgüç-Kunt, A., Huizinga, H. (2010), “Bank activity and funding strategies: The impact on risk and returns”, Journal of Financial Economics, Vol. 98, No. 3, pp. 626-650.10.1016/j.jfineco.2010.06.004]Search in Google Scholar
[15. Hoerger, T. J., Sloan, F. A., Hassan, M. (1990), “Loss volatility, bankruptcy, and the demand for reinsurance”, Journal of Risk and Uncertainty, Vol. 3, No. 3, pp. 221-245.10.1007/BF00116782]Search in Google Scholar
[16. Hungarian Central Bank (Magyar Nemzeti Bank) (N/A), “Golden Books”, available at: https://www.mnb.hu/en/supervision/time-series/golden-books (2 December 2018).]Search in Google Scholar
[17. Insurance Europe (N/A), “European insurance industry database”, Total insurance, available at: https://www.insuranceeurope.eu/insurancedata (5 December 2018).]Search in Google Scholar
[18. International Association of Insurance Supervisory (N/A), “Insurance Core Principle 1”, available at: https://www.iaisweb.org/page/supervisory-material/insurance-coreprinciples//file/77910/all-adopted-icps-updated-november-2018 (5 February 2019).]Search in Google Scholar
[19. Kim, Y. D., Anderson, D. R., Amburgey, T. L., Hickman, J. C. (1995), “The use of event history analysis to examine insurer insolvencies”, Journal of Risk and Insurance, Vol. 62, No. 1, pp. 94-110.10.2307/253694]Search in Google Scholar
[20. Klein, R. W. (2013), „Insurance market regulation: Catastrophe risk, competition, and systemic risk”, in Dionne, G. (Ed.), Handbook of insurance, Springer, New York, NY, pp. 909-939.10.1007/978-1-4614-0155-1_31]Search in Google Scholar
[21. Laeven, L., Levine, R. (2009), “Bank governance, regulation and risk taking”, Journal of financial economics, Vol. 93, No. 2, pp. 259-275.10.1016/j.jfineco.2008.09.003]Search in Google Scholar
[22. Pasiouras, F., Gaganis, C. (2013), “Regulations and soundness of insurance firms: International evidence”, Journal of Business Research, Vol. 66, No. 5, pp. 632-642.10.1016/j.jbusres.2012.09.023]Search in Google Scholar
[23. Pi, L., Timme, S. G. (1993), “Corporate control and bank efficiency”, Journal of Banking & Finance, Vol. 17, No. 2-3, pp. 515-530.10.1016/0378-4266(93)90050-N]Search in Google Scholar
[24. The Polish Insurance Association (N/A), “Statistics”, available at: https://piu.org.pl/en/annual-piu-report/ (10 December 2018).]Search in Google Scholar
[25. Schaeck, K., Cihák, M. (2014), “Competition, efficiency, and stability in banking”, Financial Management, Vol. 43, No. 1, pp. 215-241.10.1111/fima.12010]Search in Google Scholar
[26. Shim, J. (2011), “Mergers & acquisitions, diversification and performance in the US property-liability insurance industry”, Journal of Financial Services Research, Vol. 39, No. 3, pp. 119-144.10.1007/s10693-010-0094-3]Search in Google Scholar
[27. Shim, J. (2015), “An investigation of market concentration and financial stability in property–liability insurance industry”, The Journal of Risk and Insurance, Vol. 84. No. 2, pp. 567-597.]Search in Google Scholar
[28. O'Sullivan, N., Diacon, S. R. (2003), “Board composition and performance in life insurance companies”, British Journal of Management, Vol. 14, No. 2, pp. 115-129.10.1111/1467-8551.00269]Search in Google Scholar
[29. Rubio-Misas, M., Fernández-Moreno, M. (2017), “Solvency surveillance and financial crisis: evidence from the Spanish insurance industry”, Spanish Journal of Finance and Accounting/Revista Española de Financiación y Contabilidad, Vol. 46, No. 3, pp. 272-297.10.1080/02102412.2017.1291167]Search in Google Scholar
[30. Shiu, Y. (2004), “Determinants of United Kingdom general insurance company performance”, British Actuarial Journal, Vol. 10, No. 5, pp. 1079-1110.10.1017/S1357321700002968]Search in Google Scholar
[31. Tipurić, D., Pejić Bach, M., Pavić, T. (2008), “Dynamics of Concentration of Insurance Industry in Selected Transition Countries of Central and Eastern Europe”, Post-Communist Economies, Vol. 20, No.1, pp. 97-118.10.1080/14631370701865755]Search in Google Scholar
[32. Uhde, A., Heimeshoff, U. (2009), “Consolidation in banking and financial stability in Europe: Empirical evidence”, Journal of Banking & Finance, Vol. 33, No. 7, pp. 1299-1311.10.1016/j.jbankfin.2009.01.006]Search in Google Scholar
[33. Weiss, M. A., Choi, B. P. (2008), “State regulation and the structure, conduct, efficiency and performance of US auto insurers”, Journal of Banking & Finance, Vol. 32, No. 1, pp. 134-156.10.1016/j.jbankfin.2007.09.010]Search in Google Scholar
[34. World Bank (N/Aa), “World Bank national accounts data and OECD National Accounts data files”, available at: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=HU (15 December 2018).]Search in Google Scholar
[35. World Bank (N/Ab), “World Bank national accounts data and OECD National Accounts data files”, available at: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=PL (15 December 2018).]Search in Google Scholar
[36. World Bank (N/Ac), “World Bank national accounts data and OECD National Accounts data files”, available at: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=HR (15 December 2018).]Search in Google Scholar
[37. Yanase, N., Asai, Y., Lai, G. C. (2008), “Organizational Structure and Risk Taking: Evidence from the Life Insurance Industry in Japan”, in 12th Annual APRIA Conference, available at https://www.rieb.kobe-u.ac.jp/academic/ra/monetary/2008/mme/asai.pdf (15 January 2019).]Search in Google Scholar