Evaluation of Life Insurance Market Development in Poland During the Years 1991-2010

2012 ◽  
Vol 7 (2) ◽  
pp. 209-227
Author(s):  
Andrzej Grzebieniak
Keyword(s):  
European Union ◽  
Life Insurance ◽  
Insurance Premium ◽  
Insurance Market ◽  
Market Development ◽  
The European Union ◽  
Economic Growth Rate ◽  
Domestic Markets ◽  
Insurance Sector ◽  
Significant Acceleration

Radical changes in Poland during the last decade of the 20th c. causednot only a significant acceleration of Poland's economic growth rate but also rapid increase in the importance of insurance for the national economy. The penetration coefficient, i.e. the ratio of the gross premium written to the GDP, which in case of the total premiums increased from 1.83% in 1991 to 3.83% in 2010, and in case of life insurance from 0.26% to 2.31% respectively, is considered one of the synthetic measures of that importance. Although the Polish insurance market is developed far less than the European Union market where that coefficient is 7.9% and 4.8% respectively those differences decrease every year. The similar trend is presented by the depth coefficient that is the per capita insurance premium that additionally in case of life insurance increases faster than in case of the insurance sector as a whole. This indicates a relatively good life insurance market development rate in Poland although that market still ranks within the second half of the total number of the European Union countries' domestic markets.

scholarly journals Malta

2019 ◽  
Vol 19 (348) ◽  
Author(s):  
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Life Insurance ◽  
Domestic Product ◽  
The European Union ◽  
Insurance Sector ◽  
Special Purpose Vehicle

The insurance sector in Malta is relatively large and sophisticated. The sector has grown significantly since Malta’s accession to the European Union (EU) in 2004, and its total assets amounted to €11.9 billion (105 percent of gross domestic product (GDP)) at end-2017. Its sophisticated structure is evidenced by the presence of four professional reinsurers, eight captive insurers, 14 protected cell companies (PCC), and one reinsurance special purpose vehicle (SPV). The life insurance and reinsurance industries are highly concentrated.

scholarly journals The exploration of future tendencies of the Lithuanian life insurance market

Ekonomika ◽  
2009 ◽  
Vol 85 ◽  
pp. 70-80
Author(s):  
Larisa Belinskaja
Keyword(s):  
European Union ◽  
Life Insurance ◽  
Empirical Data ◽  
Personal Experience ◽  
Statistical Data ◽  
Insurance Market ◽  
Market Development ◽  
Life Assurance ◽  
The Republic ◽  
The Government

The objective of the research: The article treats the development tendencies of the Lithuanian life insurance market and evaluates its actual perspectives as compared to the markets of other European Union countries.The subjective of the research: The tendencies of the Lithuanian life insurance market development and its perspectives in the European context.Research methods: The analysis of the life insurance market embodies the arranged, systemized and carefully analyzed empirical data. The research uses the primal statistical data of the Lithuanian life assurance market collected and generalized by the Lithuanian Life Assurers Association and the Insurance Supervisory Commission of the Republic of Lithuania, and the statistical data of the Department of Statistics to the Government of the Republic of Lithuania concerning Lithuanian macroeconomics indexes. Some notices and assertions are circumstantial to the personal experience of the author.

scholarly journals Impact of European Integration on the Functioning of the Insurance Market in Poland

2011 ◽  
Vol 14 (1) ◽  
pp. 81-96
Author(s):  
Eleonora Ratowska-Dziobiak
Keyword(s):  
European Union ◽  
European Integration ◽  
European Community ◽  
Transformation Process ◽  
Insurance Market ◽  
The European Union ◽  
Insurance Sector ◽  
Important Challenge ◽  
The Common ◽  
Polish Economy

The transformation process, that has begun 20 years ago, generated significant changes in the structure and organization of Polish economy. It stimulated development of particular market's segments, especially of the insurance sector. Poland's accession to the European Union required conformity to Its regulations, fulfillment of several conditions connected with the membership in the European Community. The purpose of this article is to present the main consequences of Poland's integration with EU in the field of insurance market. Joining the common market was an important challenge for this sector in our country.

scholarly journals The influence of climate change on the life insurance in the EU: A panel data approach

2021 ◽  
Vol 307 ◽  
pp. 07001
Author(s):  
Oleksandr Melnychenko ◽  
Tetyana Kalna-Dubinyuk ◽  
Olha Vovchak ◽  
Tetiana Girchenko
Keyword(s):  
Climate Change ◽  
European Union ◽  
Panel Data ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Life Insurance ◽  
Insurance Market ◽  
The European Union ◽  
Gas Emissions ◽  
The Impact

The financial sector, as one of the most sensitive economic sectors, is alert to all trends and changes in the environment. The aim of the article is to study the impact of climate change on the life insurance market using panel data from 28 countries of the European Union (EU) for the last 9 years. This study is based on a panel model, where the amount of premiums under life insurance contracts is defined as a function of the fundamental factor of climate change - greenhouse gas emissions. According to empirical findings, an increase in greenhouse gas emissions per thousand tons leads to an increase in the amount of life insurance premiums by 0.1786 million euros. It has also been found that an increase in greenhouse gas emissions per thousand tons leads to an increase in deaths in the European Union by 1.0442 people, and these consequences are statistically significant. In general, our results suggest that the life insurance market as well as the non-life insurance market is dependent on climate change. The empirical results of this study provide valuable insight into how greenhouse gas emissions affect mortality in the European Union.

Indian Life Insurance Market and Corporate Performances: A Study of Selected Firms

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Joy Chakraborty ◽  
Partha Pratim Sengupta
Keyword(s):  
Market Share ◽  
Life Insurance ◽  
Market Concentration ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Insurance Sector ◽  
Life Insurers ◽  
Company Limited

In the pre-reform era, Life Insurance Corporation of India (LICI) dominated the Indian life insurance market with a market share close to 100 percent. But the situation drastically changed since the enactment of the IRDA Act in 1999. At the end of the FY 2012-13, the market share of LICI stood at around 73 percent with the number of players having risen to 24 in the countrys life insurance sector. One of the reasons for such a decline in the market share of LICI during the post-reform period could be attributed to the increasing competition prevailing in the countrys life insurance sector. At the same time, the liberalization of the life insurance sector for private participation has eventually raised issues about ensuring sound financial performance and solvency of the life insurance companies besides protection of the interest of policyholders. The present study is an attempt to evaluate and compare the financial performances, solvency, and the market concentration of the four leading life insurers in India namely the Life Insurance Corporation of India (LICI), ICICI Prudential Life Insurance Company Limited (ICICI PruLife), HDFC Standard Life Insurance Company Limited (HDFC Standard), and SBI Life Insurance Company Limited (SBI Life), over a span of five successive FYs 2008-09 to 2012-13. In this regard, the CARAMELS model has been used to evaluate the performances of the selected life insurers, based on the Financial Soundness Indicators (FSIs) as published by IMF. In addition to this, the Solvency and the Market Concentration Analyses were also presented for the selected life insurers for the given period. The present study revealed the preexisting dominance of LICI even after 15 years since the privatization of the countrys life insurance sector.

scholarly journals Challenges for Polish ferry market development in Baltic Sea Region

2018 ◽  
Vol 58 ◽  
pp. 01030
Author(s):  
Ilona Urbanyi-Popiołek
Keyword(s):  
European Union ◽  
Baltic Sea ◽  
Central Europe ◽  
Low Cost ◽  
Market Competition ◽  
Market Development ◽  
The European Union ◽  
Passenger Traffic ◽  
Baltic Sea Region ◽  
Trade Turnover

Polish ferry market has become one of the prime segments of ferry shipping in Baltic Sea Region. It dominates in ferry industry in South Baltic. The ferry cargo and passenger traffic has been growing steadily since Poland’s accession to the European Union. The estimates show that in 2017 the operators transported more than 1,2 million passengers and over 520 thousand cargo vehicles between ports in Poland and Sweden. The increase in trade turnover between Scandinavia and Central Europe as well as growth of tourism affect the demand for ferry transport. The aim of this paper is to explore the prime determinants influencing the development of Polish ferry shipping and to research the challenges that carriers operating the ferry services from Poland to Sweden must face such as internal competition between the operators in Polish market, competition from German and Lithuanian routes and low cost airlines as well as increasing trade volumes. The research hypothesis is: the growth of trade between Scandinavia and Central Europe as well as tourism traffic will increase the demand for ferry transport from Polish ports. Detailed research hypotheses are that: ferry services between Poland and Sweden constitute the primary market on the South Baltic and new tonnage investments to increase the capacity have to be taken.

scholarly journals REGULATORY CHALLENGES FOR THE MARKETING OF AGRICULTURAL PRODUCTS IN BULGARIA AND THE EUROPEAN UNION

2021 ◽  
Author(s):  
Elvira Delcheva ◽  
◽  
Iskra Nencheva ◽  
Nikolay Penev ◽  
◽  
...  
Keyword(s):  
European Union ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
Reporting Quality ◽  
Agricultural Products ◽  
Market Development ◽  
State Agencies ◽  
The European Union ◽  
Tax Reporting ◽  
Regulatory Challenges

An integral part of the conditions of the agricultural market in Bulgaria are the laws and regulations collected in ordinances and regulations imposed by state agencies monitoring the quality and safety of agricultural products traded on the Bulgarian market. The goals are to achieve equal conditions for market participation, tax reporting, quality control. In the last two years we have been observers and participants in the accompanying Covid-19 crisis related to the consequences of Covid-19, both in Bulgaria and the European Union, and around the world. Inevitably, the effects of the restriction and the measures caused by the crown crisis will continue to prolong over time in the agricultural sector and agriculture in general. The purpose of this study is to trace how the current regulatory norms affect the sale of agricultural production and how the restriction has affected the crisis. Are regulatory norms a condition for market development or are they a barrier to market entry and survival and what protection do they provide to end users?

scholarly journals Introduction: The European Union, the Insurance Industry and the Public-Private Mix in Healthcare

2020 ◽  
pp. 1-26
Author(s):  
Cyril Benoît ◽  
Marion Del Sol ◽  
Philippe Martin
Keyword(s):  
European Union ◽  
Insurance Industry ◽  
Welfare States ◽  
Health Coverage ◽  
The European Union ◽  
The Public ◽  
Insurance Sector ◽  
Selection Processes ◽  
Private Actors ◽  
Public Private Mix

AbstractResearch has paid little attention to date on how the European Union (EU) affects private (usually voluntary) health insurance at domestic level and more broadly, the political economy of the public-private mix in healthcare. Our argument in this Introduction is that EU law and regulation is, essentially, likely to do so through the provisions applicable to the insurance sector as a whole. We then explain why it could potentially be a vehicle for transformative changes of private health insurers, and why, by extension, it could interact with the prior effects of domestic policy choices in healthcare. Ultimately, such interactions could also help change the nature and scope of health coverage. On the basis of these statements, we develop an analytical approach to elucidate, characterize and prove this influence. We then outline the research design and case selection processes and discuss the various methods applied in the nine contributions to this book. After a short summary of their respective findings, we reflect in a concluding section on how they echo wider debates in the literature on the role of private actors in contemporary Welfare States and on EU influence in healthcare.

Sign in / Sign up

Export Citation Format

Share Document