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EN
Supplementary supervision of the risk of financial conglomerates has been regulated since 2005 by a new directive in the European Union. In many countries, financial conglomerates have evolved in recent decades with ownership links displaying the ever stronger cooperation of banks and insurance companies. The effects of the evolution of such financial conglomerates have not been fully explored. Despite the empirical relevance of this question, indicated also by the passage of the new EU directive, the theory of the risk effects accompanying the evolution of financial conglomerates is remarkably undeveloped. The article offers a new theoretical framework that separates the transaction, motivation and portfolio effects of the establishment of financial conglomerates and analyses the consequences of these effects on the institution-level stability of banks and insurance companies.
EN
Dynamic Financial Analysis has become the irreplaceable and comprehensively used tool used by insurance companies. The process of Dynamic Financial Analysis is not accidental, it involves the stochastic scenario generator, input and output. It integrates various models and techniques from finance and actuarial science into one 'multivariate' dynamic simulation model. That modern approach to risk management and decision making provides for the integrated and holistic quantitative analysis of all significant risk factors affecting the insurer, helping management improve the business strategy.
3
100%
|
2007
|
vol. 2
|
issue 1
169-176
EN
The aim of studies was an attempt of giving the opinion about rating, its usefulness and a level of its using so far by the insurance companies from the city of Olsztyn. The research was carried out in the year 2005 in the companies of I and II branch that had been operating on the market for more than 5 years. The research tool was a questionnaire put forward to the managers of 24 insurance companies who had given their assent for carrying out the research. The study shows that more than a half of respondents consider rating to be a reliable and comprehensive source of evaluation. In the opinion of 92% out of the examined insurance companies, the possession of ranking note contributes to increasing investors' confidence, while only 17% think that it is not important for their clients. However, the high costs of external rating and fear of getting a low note are the barrier in using that type of tool by the insurance companies from Olsztyn.
4
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CUSTOMER LOYALTY TO INSURANCE COMPANIES

88%
EN
Loyalty of customers in the insurance services market is determined by numerous factors. The factors with the highest share in building loyalty attitudes include the offer conditions, credibility and confidence in the insurance company and premium amount. The location of the insurance agency, on the other hand, has the lowest influence on the loyalty of the customer to the insurer.
EN
The author analyzed the activity of financial intermediaries on domestic financial services market; the main features and trends of their development are identified. The article highlights the main problems that hinder the development of financial intermediation and whole financial market of Ukraine.
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