Polish Insurance Market Compared to Selected European Countries in the Years 2000-2010

2012 ◽  
Vol 7 (2) ◽  
pp. 229-238
Author(s):  
Justyna Witkowska
Keyword(s):  
Financial Market ◽  
European Countries ◽  
Insurance Market

This paper presents the insurance market in Poland and selected European countries. The most important parameters characterising this segment of the financial market were used. The premiums written, population and GDP were analysed to outline the major changes occurring among the insurers operating in Poland and the CEA1 member countries. 

scholarly journals Insurance Market Development in Comparison With Other Financial Markets Segments in Poland in the Prosperity and Recession

2014 ◽  
Vol 5 (3) ◽  
pp. 153-170
Author(s):  
Dorota Ostrowska
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Market Research ◽  
Insurance Market ◽  
Market Development ◽  
Research Period

The problem undertaken in this article is to reduce the dynamics of the financial market in Poland in the period of crisis. The aim of this paper is to analyze the pace of the market development, taking into account the changes that have taken place in the insurance market. Research period covers the years of prosperity and the recession.

scholarly journals Development of the insurance market in Ukraine and forecasting its crises

2021 ◽  
Vol 18 (3) ◽  
pp. 385-396
Author(s):  
Viktoriia Babenko-Levada
Keyword(s):  
Financial Market ◽  
Cycle Length ◽  
The Self ◽  
Insurance Market ◽  
Economic Environment ◽  
Self Similarity ◽  
Insurance Contracts ◽  
The Stability ◽  
The Moment ◽  
Legal Entities

Insurance market is an important part of the financial market, the functioning of which helps to protect individuals and legal entities from the negative and stressful effects of today’s unstable economic environment. The purpose of this study is to determine trends in the insurance market in Ukraine and its potential crises.The study found that Ukraine’s insurance market constantly grows, but is volatile and in a state of concentration. The dynamics of most indicators are cyclical, with a cycle length from 4,66 quarters to 14 quarters. The randomized R/S-analysis confirmed the stability of the dynamics of Ukraine’s insurance market and its fractal similarity. Fractal similarity was proved for six out of ten analyzed indicators of the insurance market. In addition, it was confirmed that at the moment of transition from one fractal to another, a trend break occurs. Thus, the emergence of crises on the insurance market of Ukraine is associated with the self-similarity of the dynamics and the coincidence of the moments of bifurcation of certain indicators in its development. A partial crisis on the Ukrainian insurance market at the beginning of 2019 coincided with the bifurcation of the number of concluded insurance contracts, determined based on the results of fractal analysis.Calculations made it possible to conclude that potentially crisis periods for the insurance market of Ukraine fall on Q1-2 2017, Q1 2019, Q1 2020, of which only one was realized (Q1 2019). The nearest potential moments of crises on the insurance market of Ukraine may be the following periods: Q1 2023 and Q1 2026.

scholarly journals Improving state regulation of the insurance services market

2020 ◽  
Vol 45 (2) ◽  
pp. 99-107
Author(s):  
Olha Klymenko
Keyword(s):  
Financial Market ◽  
Financial Services ◽  
State Regulation ◽  
The State ◽  
Insurance Market ◽  
Insurance Companies ◽  
Regulation System ◽  
Positive Trend ◽  
The European Union ◽  
Insurance Premiums

An urgent task in the field of public administration of non-banking financial services markets is to improve the regulation of the insurance market. On the example of the insurance services market, the problems of the functioning of the financial market regulation system are highlighted. Suggestions for its improvement are presented to increase the competitiveness of these markets. The development of the Ukrainian insurance market after 2015 to the present has a positive trend, which indicates the effectiveness and managerial ability of the state regulation system. The indicators of the state of the insurance market of Ukraine in comparison with similar indicators of such markets in the countries of the European Union are considered. The dynamics of concentration of the insurance market of Ukraine over the past 15 years has been analyzed. The main trends in the development of competition in this financial sphere have been identified. The necessity of state regulation of the concentration of the insurance market is substantiated. Views on the methodology and tools used in the study of the concentration and competitiveness of the insurance market are presented. Suggestions for improving the methods are given. It is shown that from 2012 to 2019 the Herfindahl - Hirschman index for risky types of insurance and for the insurance market as a whole has been increasing. It is established that according to the gradation of financial market concentration levels using the Herfindahl - Hirschman index, the insurance market of Ukraine corresponds to the degree of low concentration. According to the value of the Herfindahl - Hirschman indicator, the concentration of the life insurance market during 2003 – 2019, with the exception of 2015, is moderate. But the total share of gross insurance premiums collected by the three largest insurance companies in 2017 – 2019 exceeded 50 % of all gross insurance premiums. According to the Ukrainian law, such a market is considered a monopoly. It is shown that when analyzing the state and development of the insurance market of Ukraine, it is advisable to supplement the values of the Herfindahl - Hirschman index with corrective coefficients that take into account regional characteristics of the market, types of insurance, additional indicators of its functioning efficiency. Measures are proposed to accelerate the development of the insurance market of Ukraine by improving its regulation system.

scholarly journals Insurance Market Development in Comparison With Other Financial Markets Segments in Poland in the Prosperity and Recession

2014 ◽  
Vol 5 (3) ◽  
pp. 153-170
Author(s):  
Dorota Ostrowska
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Market Research ◽  
Insurance Market ◽  
Market Development ◽  
Research Period

The problem undertaken in this article is to reduce the dynamics of the financial market in Poland in the period of crisis. The aim of this paper is to analyze the pace of the market development, taking into account the changes that have taken place in the insurance market. Research period covers the years of prosperity and the recession.

scholarly journals The co-integration of European stock markets after the launch of the euro

2008 ◽  
Vol 55 (3) ◽  
pp. 309-324
Author(s):  
Soares da
Keyword(s):  
Financial Market ◽  
Stock Markets ◽  
European Countries ◽  
Short Term ◽  
International Integration ◽  
International Financial Market ◽  
Two Indices ◽  
Empirical Tests ◽  
European Stock Markets

This article studies the international integration of the national stock markets of sixteen European countries. The international financial market is represented by two indices: a European index and a World index. The methodology of co-integration, used in this article, is the proper econometrical solution for the treatment of non-stationary series as those used in the present research. Complementarily, co-integration offers the possibility of distinguishing the long-term and the short-term interdependence, which very important when the variables are financial market indices. The empirical tests in this research have shown that both European and non European international factors are necessary to explain the international integration of the national stock markets under analysis. .

scholarly journals Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations

2019 ◽  
Vol 16 (4) ◽  
pp. 168-180
Author(s):  
Anna Ostrowska-Dankiewicz
Keyword(s):  
Financial Market ◽  
Life Insurance ◽  
Insurance Market ◽  
Legal Regulations ◽  
Insurance Policy ◽  
Policy Model ◽  
Protective Actions ◽  
Consumer Safety ◽  
Regulatory Standards ◽  
Practical Implications

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.

scholarly journals Risk adjustment and risk selection on the sickness fund insurance market in five European countries

Health Policy ◽  
2003 ◽  
Vol 65 (1) ◽  
pp. 75-98 ◽  
Author(s):  
Wynand P.M.M van de Ven ◽  
Konstantin Beck ◽  
Florian Buchner ◽  
Dov Chernichovsky ◽  
Lucien Gardiol ◽  
...  
Keyword(s):  
Risk Adjustment ◽  
Sickness Fund ◽  
European Countries ◽  
Insurance Market ◽  
Risk Selection
Sign in / Sign up

Export Citation Format

Share Document