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EN
Global tendencies show continuing consolidation in the insurance market reducing a number of market players active in domestic markets. In the EU's societies insurance is treated as a form of security for future.
EN
Before the Second World War, mutual insurance companies have developed dynamically and with great success. Then, after having vanished from the Polish market for about 50 years, they suddenly reappeared in 1991. The authoress analyses the reasons of the companies' inability of retrieving their old splendour, as well as the obstacles in their development. She asserts that both the new legal definition and the regulations from 2003 are not precise enough. Therefore, she suggests some changes and submits a wider legal definition of the mutual insurance society. It can be defined, according to the authoress, as a separate and independent subject - both legally and organisationally, existing only within the scope of insurance, voluntarily uniting its members and having the purpose of satisfying mutual insurance needs - in exchange for changeable fees. She also discusses whether the mutual insurance society as the subject of non-profit character can be an entrepreneur and lead a business activity. Undoubtedly, presented arguments proved the above thesis.
EN
This article deals with the new trends on the financial markets, namely the banking and insurance markets. In each country the bank-assurance is in a different phase of the development due to the existence of the different legal regulations and because the citizens of each country have the different ideas about the financial products and services. Nevertheless, the bank-assurance creates on the market completely a new space and it can be expected that its popularity will grow in the future. Namely the life insurance is closely connected with the banking products, contributing to the global tendency of the banks and the insurance companies to the development of the bank-assurance that brings the synergetic effects.
EN
The article covers the fundamental social and economic tasks in the area of the insurance market determinants. The insurance market analyses were made by using the gross written premiums as endogenous variable. We can say that we confirm the impact of economic growth on the insurance market. In the area of demographic determinants, we clearly demonstrate that the change in the number of employed people in services significantly affects the insurance market. Institutional determinants and their impact were confirmed in determinant gross national expenditure.
EN
The insurance market belongs to the dynamically developing branches of the national economy even in the period of the debt crises. Vast damages, which arise as a consequence of natural catastrophes, object risks or as a result of subject risks are stimuli for the growing interest of all economic subjects operating not only in insurance market but also in the national economy. The insurance industry performs its basic functions – accumulation, redistribution, stimulation and control functions – in complex economic conditions. The significance of the control function increases in direct proportion to a complicated economic-social situation since the level of insurance fraud also occurs in that period. This paper addresses the development of the insurance market in the Slovak Republic, Poland and Ukraine. We focused our attention on selected important indicators, namely: concentration index, written premium, penetration, insurance density, technical reserves and investment activity of commercial insurance companies.
EN
The article deals with the analysis of the insurance market in Ukraine from 2007 to 2010 year. The dynamics of basic indicators of the insurance market in view of the global financial crisis had been characterized.
EN
This article deals with present financial crisis as a result of credit expansion. Debt problem was mask with financial instrument innovations, namely structured bonds in securing form. By the help of this, instruments were walked around state of the regulatory body and postpone assignment of disequilibrium. A part of rating agency in this process is described. Special attention is paid to impact of financial crisis on financial market, especially on insurance business. The article calls attention on asymmetry information problem and possible influence and adequacy of regulatory attitudes on return to equilibrium level particularly in EU.
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