The paper presents the phenomenon occurring in recent years on the Polish life insurance market, which enforced corrective protective actions by investment consumers of insurance products. The ...essence and assumptions of the new financial market paradigm are discussed, presenting the process of changes in supervisory and regulatory standards, adopted and implemented strategies in the development of protective policy together with the review of the most important legal regulations, solutions in terms of increasing product transparency and creating a new life insurance policy model to highlight pro-consumer activities. The practical implications of the study are grounded on the analysis of main problems of life insurance market in Poland and indicate the possibilities of applying appropriate solutions in the field of insurance distribution based on the latest legal regulations, recommendations and consumer needs, setting new standards and practices that raise the level of consumer safety, and in the future can become a possibility for development of the investment products market.
This article aims to investigate the connection between behavioral aspects of populations financial inclusion and the level of social safety. The study was conducted in several stages: collecting the ...necessary input, determining The Index of socio-safety, selecting the most relevant factors that characterize the behavioral aspects of financial inclusion, determining the functional relationships between The Index of socio-safety and indicators describing critical behavioral issues of financial inclusion. The study involved 26 countries with different levels of economic development, and 18 indicators (10 characterized the behavioral aspects of financial involvement of the population, 8 - the world vectors of social safety). The Index of socio-safety was obtained with the help of PCA. Russian Federation and South Africa have the highest level of The Index among the studied countries. The lowest level of the calculated indicator is in Mozambique and Burkina Faso. Correlation and regression analysis revealed a statistically significant relationship between The Index of socio-safety and an increasing number of ATMs per 100,000 adults, usage of the internet to pay bills or to buy something online and increase the percentage of respondents who report having a credit card.
The desire and ability to apply the concept of social responsibility is directly proportional to a culture that is formed due to the relevant knowledge, skills and qualifications. It is believed that ...university education is able to interest future owners, experts and clients of insurance companies in running socially responsible activities.The purpose of the study is to determine the role of universities in disseminating the social responsibility practices in the insurance sector.The main method of research is the survey conducted among 536 full-time students-financiers at domestic universities in September and October 2018. This method allowed to identify peculiarities of students’ perception of the social responsibility concept in the insurance sector of Ukraine. The case study method was also applied to reflect the social responsibility practices used by domestic insurance companies.As a result of the combination of the methods proposed, the low level of students’ knowledge of social responsibility in the insurance sector and the low interest of insurance companies as compared to foreign insurance companies have been shown. That is why, in the process of training, it is important for universities to focus on the proper world-view positions and value orientations, dialog and ethical cooperation that will enhance the professional training of students and develop modern professional competence among them that will meet international practices and requirements.
Modern enterprises run their activities in an innovative environment. The use of modern technologies is, therefore, becoming a prerequisite for maintaining the current market position and ensuring ...competitiveness with other entities. However, the use of innovative IT solutions creates the risk that certain disturbances in the functioning of computer programs or the occurrence of cyber attacks will bring losses to the company, thus negatively affecting financial results. Materialisation of cyber risk may also have a negative impact on the company's image and, consequently, a potential decrease in sales of goods. Therefore, a proper assessment and management of cyber risk in modern enterprises is important. One of the methods to manage this risk is cyber insurance. A large number of cyber attacks and the development of new technologies has resulted in enterprises using cyber insurance, as evidenced by the significant increase in gross written premium in recent years. The research conducted by various institutions forecasts a dynamic growth of cybernetic insurance premiums in the coming years, suggesting that cyber insurance will grow in popularity. The purpose of the article is to present the necessary conditions and risks for the functioning of innovative enterprises in the current economic environment. In addition, the article analyses the occurrence of individual risks in business operations and their financial effects. The research also presents a scale in the use of cyber security in managing cybernetic risk of enterprises and provides future development directions of cyber security products. The research utilised methods of analysis and synthesis of secondary data in formulating conditions.
Research background: The risk management process is a key element in running a business. Moreover, it is basically one of the basic and most important internal processes in any company, regardless of ...its size. However, due to the extremely important role played by small and medium-sized enterprises in the economy, the problem of proper management of endogenous and exogenous risks becomes particularly important. Purpose of the article: The article aims to show the importance of risk management in the operations of modern enterprises in the SMEs sector and the attitudes of entrepreneurs towards key business risks. Methods: The research was based on data on 332 enterprises from the SMEs sector operating in Poland. The data was collected using the CSAQ method in the period from 12 of November 2019 to 9 of March 2020. The distribution of risk assessment in the studies was analysed using Tau Kendall statistics, while the risk management index was created by examining the attitudes of entrepreneurs towards individual risk factors. Findings & Value added: The results of the survey showed that three-quarters of enterprises did not manage risk in a formalized way and that decision-makers in enterprises often paid too little attention to the issues related to managing different types of risk. The article should, therefore, draw the attention of managers to the need to build appropriate procedures to enable effective risk management that creates opportunities for the safe operation of the enterprise. The added value of the work is a detailed analysis of the management of individual types of endogenous and exogenous risks, as well as an indication of what features of enterprises affect the effectiveness of actions taken in the field of controlling these risks. Research is valuable because of the small amount of studies that links managers' approaches to risk management with actual risk management effectiveness.
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Although financial literacy becomes increasingly important in more and more financialised world, and despite broad-based financial education interventions, consumers still display large shortcomings ...in the literacy. In this study, using multivariate linear regression and a nationally representative sample of adult Poles (N=1,067), we test some little-studied potential determinants of financial literacy with the purpose to further explain low financial literacy levels. We found that respondents who are more interested in financial domain, have less difficulty in understanding information supplied by means of numbers, and report more learning from own mistakes are at the same time more financially literate, even after controlling for sociodemographic characteristics. Possible implications regarding the role of these factors for financial education are discussed.
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Celem opracowania jest określenie istoty oraz znaczenia grupowych ubezpieczeń na życie dla zarządzania ryzykiem przedsiębiorstw oraz wskazanie ich praktycznego wpływu na te procesy poprzez omówienie, ...przeanalizowanie poszczególnych rodzajów ubezpieczeń grupowych i przedstawienie przykładów oraz skutków ich wykorzystania. Według teorii ekonomii człowiek jest najcenniejszym elementem i najważniejszym zasobem każdego przedsiębiorstwa. Sukces firmy w dużym stopniu zależy od jego pracy, osiągnięć, wy- dajności, zaangażowania i kreatywności. W związku z tym jego działania mogą wywierać ogromny wpływ na działalność gospodarczą i są wysoce ryzykowne z punktu widzenia zarządzania przedsiębiorstwem. Błędy popełnione przez człowieka, zarówno w procesie produkcyjnym, jak iw innych procesach wpływających na sprawne funkcjonowanie firmy są bardzo kosztowne i mają duże znaczenie w podejmowaniu decyzji w zakresie zarządzania. Każda firma powinna zatem zadbać o zdrowie i bezpieczeństwo swoich pracowników, a redukcja absencji, szybka diagnoza dotycząca stanu zdrowia, krótsze nieobecności i zmniejszenie rotacji kadry to główne zadania pracowników odpowiedzialnych za skuteczne i efektywne zarządzanie firmą. Szybka i dokładna identyfikacja zagrożeń pozwala na wczesne i dokładne podejmowanie decyzji, minimalizując niepewność w zarządzaniu przedsiębiorstwem i zyskując przewagę konkurencyjną. Pracownik, jego zaangażowanie i wydajność to ważne elementy każdej firmy. Zagrożenia związane z brakiem wykwa- lifikowanego personelu, wydłużonym urlopem medycznym, przedłużonym leczeniem i rehabilitacją, a ryzyko utraty niezadowolonych profesjonalistów z ich zdrowia, życia i przyszłej emerytury stanowią ważne zagrożenia każdego pracodawcy.
The paper reviews literature and research conducted so far in the field of connections and mutual relations between the development of the insurance market and economic development. Attention was ...paid to the use of various measures and tools, as well as various methods used to study the relationship between the economy and insurance in various countries and periods. In the empirical part for all countries of the European Union, the relationships between insurance market indicators such as direct written premiums (DPW), insurance penetration and insurance density and basic macroeconomic indicators were examined. In order to determine the impact of the economy on insurance in 1996-2017 two types of methods, i.e. mixed-effects models and panel data models, were applied.
Financial Security of the State – Case of Poland Dankiewicz, Robert; Ostrowska-Dankiewicz, Anna; Tomczyk, Tomasz ...
Journal of Security and Sustainability Issues,
12/2021, Volume:
11, Issue:
1
Journal Article
The considerations presented in the paper concern the impact of Covid-19 on sales possibilities in the pre-paid system and development perspectives of the researched business entity. As part of its ...operations, this entity is responsible for the supply of fuel to nearly 4,500 customers conducting business operations throughout Poland. The study was carried out by means of the method of quantitative analysis of economic data. The acquired data constituted a closed set of 518 479 contacts collected as a result of reporting the work of the call center department. The purpose of the paper is to analyze the impact of the Covid-19 pandemic on the possibilities of acquiring new customers by the entity that sells pre-paid fuels and the prospects for its future development. The analyzes allowed showing the relationship, before and after the introduction of socioeconomic restrictions, between the number of sales contacts made and their effectiveness. It was proved that lockdown caused changes in the scope of managing executive operations within the call center of the entity. This, in turn, affected operational and management decisions at both ownership and management levels.
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