scholarly journals Ensuring the Customer’s Best Interest in the Polish Insurance Market

2020 ◽  
pp. 161-178
Author(s):  
Wojciech Paś
Keyword(s):  
Financial Markets ◽  
Insurance Market ◽  
Best Interest ◽  
Course Of Action ◽  
Supervisory Practice

AbstractThe chapter is devoted to the principle of acting in the customer’s best interest in the Polish insurance market. It aims to interpret the principle of the best interest of the customer in light of European and Polish financial markets law and Polish supervisory practice. The chapter is also intended to indicate the best course of action in accordance with the principle of the customer’s best interest.

scholarly journals Nursing Home Staff’s Perceptions of Healthcare Decision Making for Unbefriended Residents

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 384-384
Author(s):  
Hyejin Kim ◽  
Molly Perkins ◽  
Thaddeus Pope ◽  
Patricia Comer ◽  
Mi-Kyung Song
Keyword(s):  
Decision Making ◽  
Geographic Area ◽  
Care Physician ◽  
Healthcare Decision ◽  
Do Not Resuscitate ◽  
Best Interest ◽  
Care Plans ◽  
Course Of Action ◽  
Healthcare Decision Making ◽  
Facility Level

Abstract ‘Unbefriended’ adults are those who lack decision-making capacity and have no surrogates or advance care plans. Little data exist on nursing homes (NHs)’ healthcare decision-making practices for unbefriended residents. This study aimed to describe NH staff’s perceptions of healthcare decision making on behalf of unbefriended residents. Sixty-six staff including administrators, physicians, nurses, and social workers from three NHs in one geographic area of Georgia, USA participated in a 31-item survey. Their responses were analyzed using descriptive statistics and conventional content analysis. Of 66 participants, eleven had been involved in healthcare decision-making for unbefriended residents. The most common decision was do-not-resuscitate orders. Decisions primarily were made by relying on the resident’s primary care physician and/or discussing within a facility interdisciplinary team. Key considerations in the decision-making process included “evidence that the resident would not have wanted further treatment” and the perception that “further treatment would not be in the resident’s best interest”. Compared with decision making for residents with surrogates, participants perceived decision making for unbefriended residents to be equally-more difficult. Key barriers to making decisions included uncertainty regarding what the resident would have wanted in the given situation and concerns regarding the ethically and legally right course of action. Facilitators (reported by 52 participants) included some information/knowledge about the resident, an understanding regarding decision-making-related law/policy, and facility-level support. The findings highlight the complexity and difficulty of healthcare decision making for unbefriended residents and suggest more discussions among all key stakeholders to develop practical strategies to support decision-making practices in NHs.

Season 3: Product Governance. Rethinking Retail Customer Protection in the EU Insurance Market

Global Jurist ◽  
2017 ◽  
Vol 18 (1) ◽  
Author(s):  
Lydia Velliscig
Keyword(s):  
Insurance Market ◽  
Business Rules ◽  
Best Interest ◽  
Convergence Of Solutions ◽  
New Frontier ◽  
Disclosure Of Information ◽  
The Law ◽  
The Eu

AbstractThe regulation of all traditional branches - banking, securities and insurance - of financial law is going through a change in retail customer protection: in this area of the law, an eventual convergence of solutions in client protection initiatives may be found. In a context oriented towards acting in accordance with the best interest of customers, EU legislator currently seeks a new “frontier” in the protection of retail customers and tends to develop new tools and strategies in addition to the disclosure of information and conduct of business rules, in order to remove potentially detrimental products from the market. This contribution examines the “product oversight and governance” principle intended to remedy problems associated with products misselling. In the details, this trend is analyzed with reference to the upcoming insurance distribution directive.

Unternehmensstrategien in der Krise?

2018 ◽  
Vol 63 (2) ◽  
pp. 275-305 ◽  
Author(s):  
Harald Wixforth
Keyword(s):  
Financial Markets ◽  
Corporate Strategy ◽  
Business History ◽  
Economic Crises ◽  
Course Of Action ◽  
Insight Into ◽  
Competitive Economy

AbstractCorporate strategy in crisis? Hyperinflation crisis and its management at Norddeutscher Lloyd.Business historians have studied causes and development of economic crises long before the last one, but the latest shifts in the financial markets further increased awareness of the course of action taken by the protagonists. Research may not pay attention to the role of «insolvents and bankrupts» to the same degree as it does to the heads of successful enterprises and concerns. More and more, however, focus is on the reasons for which some enterprises cope better with crises than others. Business history has come to the realization that not only are crises inherent to competitive economy, but furthermore they give insight into the machinery of the market and the behavior of its protagonists.

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 Insurance Sector Development and its Effect on the Financial Markets in Developing Countries: The Case of Kosovo

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Blerta Haliti Baruti
Keyword(s):  
Developing Countries ◽  
Financial Markets ◽  
Financial Stability ◽  
Research Question ◽  
Financial System ◽  
Insurance Market ◽  
Insurance Companies ◽  
Direct Role ◽  
Main Research ◽  
Insurance Sector

The purpose of this paper is to extract the important factors in the nature of insurance companies and their direct role in the economic and financial system development. This market study aims to analyse the insurance system in Kosovo by determining and then analysing its structure, the degree of concentration of insurance companies on the insurance market, their behaviour towards price, number of participants, companies operating in this market and types of products and services they provide. Our analysis are gathered on statistical and qualitative data through the study of the theories on insurance market development in other countries. Furthermore, for the empirical analysis, we used secondary data from Central Bank of Kosovo, Insurance Companies and Association Insurance of Kosovo. Also, we conducted two surveys. First, we conducted a survey with finance managers from all insurance companies and secondary survey was in general, for people who work. This way we tried to get a better understanding of the issue at hand.  The identification of these factors would enable insurance companies to design policies that tackle the demands of consumers for voluntary insurance policies and at the same time to contribute to financial stability of Kosovo’s economy. At the end we have to come out with conclusions on the main research question: Does Insurance Development affect the Financial Markets in developing countries? The expected outcome is that the insurance sector in Kosovo is an important factor for the further development of the financial system.

scholarly journals Reasonable Parental and Medical Obligations in Pediatric Extraordinary Therapy

2019 ◽  
Vol 86 (2-3) ◽  
pp. 198-206 ◽  
Author(s):  
Michal Pruski ◽  
Nathan K. Gamble
Keyword(s):  
Medical Care ◽  
The United States ◽  
Parental Authority ◽  
Medical Team ◽  
Best Interest ◽  
Technological Support ◽  
Medical Opinion ◽  
Course Of Action ◽  
Appropriate Therapy ◽  
Medical Teams

The English cases of Charlie Gard and Alfie Evans involved a conflict between the desires of their parents to preserve their children’s lives and judgments of their medical teams in pursuit of clinically appropriate therapy. The treatment the children required was clearly extraordinary, including a wide array of advanced life-sustaining technological support. The cases exemplify a clash of worldviews rooted in different philosophies of life and medical care. The article highlights the differing perspectives on parental authority in medical care in England, Canada, and the United States. Furthermore, it proposes a solution that accommodates for both reasonable parental desires and professional medical opinion. This is achieved by looking at concepts of extraordinary therapy, best interest, reasonable parenthood and medical objections. Summary: In cases where a child’s treatment involves extraordinary therapy, there is often a conflict of opinion between the medical team and the parents with regard to the best course of action. The assumption should be that responsible, caring parents make reasonable and acceptable decisions for the good of their children. Rather than focusing on making a hypothetical best interest judgment, courts should in the first instance side with the parents. Only when parents act unreasonably or malevolently should their wishes be overridden. This should not affect the medics' right to conscientiously object towards carrying out procedures that they deem to be medically unnecessary or harmful.

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 SECURITIZATION AS AN ALTERNATIVE WAY OF MANAGING THE RISK OF CATASTROPHIC EVENTS

2019 ◽  
Vol 12 (24) ◽  
Author(s):  
Mirela Mitrašević
Keyword(s):  
Financial Markets ◽  
Human Activities ◽  
Insurance Market ◽  
Main Subject ◽  
Catastrophic Events ◽  
Advantages And Disadvantages

Catastrophic events caused by naturaldisasters and human activities pose a uniquechallenge for insurers, because they make itdifficult to estimate expected claims and can causedisruption to the insurance market and imposesignificant costs on government, businesses andindividuals. The lack of available coverage ofthese risks in the market, due to the insolvency orunwillingness of insurers to ensure catastrophicevents, can significantly impede the economicrecovery and development of the country. For thisreason insurers have sought alternative ways ofcovering these extreme losses, and one of them, atransfer of the risk of insurance to the capitalmarkets represents the main subject of thisresearch. The aim of this maneuver is to presentthe advantages and disadvantages of theinstruments through which the transfer ofinsurance risk to financial markets is carried out,as well as to indicate the legal and otherassumptions necessary for the functioning anddevelopment of this market.

scholarly journals PECULIARITIES OF MANAGEMENT OF INSURANCE COMPANY SERVICES UNDER THE INFLUENCE OF THE COVID-19 PANDEMIC

Management ◽  
2021 ◽  
Vol 32 (2) ◽  
pp. 128-136
Author(s):  
Olena Vlasenko ◽  
Svitlana Marchenko
Keyword(s):  
Financial Markets ◽  
Insurance Industry ◽  
External Environment ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Company ◽  
Stage Of Development ◽  
Market Situation ◽  
Market Infrastructure ◽  
Current Stage

Background and objectives. In One of the elements of Ukraine's financial market infrastructure is the insurance market. Insurance services occupy the second place by the level of capitalization among nonbank financial markets. The current stage of development of insurance market in Ukraine, as well as any other state, is indirectly influenced by the consequences of COVID-19 pandemic. At this time, insurance companies are playing an important role in the life of the country. For their part, they fall under the influence of the negative external environment of company development. Adaptation of the insurance market to the changes is necessary. It is connected with the modernization of financial instruments of the insurance industry and implementation of innovative technologies in the organization of insurance activity. This necessitates the search for innovative ideas in the management of insurance company services.Methods. The following general analysis methods were used: the leveling and grouping methods, the average values and indices methods, the graphical methods, the integrated assessment methods.Findings. Obtained results of the insurance market situation, impact of the COVID-19 pandemic on the activity of insurance companies was assessed, the trend of insurtech solutions for improvement of relations with clients was recommended.Conclusion. The conducted research enabled to investigate indirect influence of pandemic COVID-19 on the market of insurance companies services and interconnection of the market with Ukrainian economics and the world. The conducted research helped to determine necessity of implementation of new approaches to management of insurance company services, in particular the necessity of using insurtech solutions for improvement of relations with clients.

Part Two: Insurance Sector Development And Its Effect On The Financial Markets In Developing Countries: The Case Of Kosovo

2020 ◽  
Vol 5 (3) ◽  
Author(s):  
Blerta Haliti Baruti
Keyword(s):  
Developing Countries ◽  
Financial Markets ◽  
Financial Stability ◽  
Research Question ◽  
Financial System ◽  
Insurance Market ◽  
Insurance Companies ◽  
Direct Role ◽  
Main Research ◽  
Insurance Sector

The purpose of this study is to identify the connection between the insurance market and the financial markets. More specifically to analyze the nature of insurance companies and their direct role in the economic and financial system development. This market study aims to analyze the insurance system in Kosovo by defining and analyzing its structure, the degree of concentration of insurance companies on the insurance market, their behavior towards price, number of participants, companies operating in this market, and types of products and services they provide. This paper (part two of the study) will present the secondary data from Central Bank of Kosovo, Insurance Companies, and Insurance Association of Kosovo. The analysis are performed on quantitative and qualitative data through applying theories on insurance market development in other countries. It is imported to identify the factors because it enables insurance companies to design policies that tackle the demands of consumers for voluntary insurance policies and at the same time to contribute to financial stability of Kosovo’s economy. The study aims to conclude on the main research question: Does Insurance Development affect the Financial Markets in developing countries? The expected outcome is that the insurance sector in Kosovo is an important factor for the further development of the financial system.

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