Assistant Professor, SGH Warsaw School of Economics
Dear colleagues
With respect to the research being done at Warsaw School of Economics on the Car Usage-Based Insurance, I would appreciate if you filled out the short survey below and then passed it on to others if possible.
The survey is meant for all 27 countries (Poland not included) that belong to the European Union.
Thank you very much for your help.
Motor insurance in Poland plays a dominant role in the portfolios of most insurers. At the end of 2016, it accounted for a total of 60.27% of the direct gross written premium of non-life insurance sector, with the share of motor third party liability insurance (MTPL) accounting for 36.2%. Fierce competition and the diminishing diversification of the offer on the motor insurance market led to significant decreases in the margin, and hence, the income of insurers. Year 2016 brought the biggest loss ever. The technical loss of MTPL has remained in this segment for many years since 2007 and at the end of 2016 exceeded PLN 1 billion.
The paper shows that thanks to the Usage‑Based Insurance, the industry can minimise the negative effect information asymmetry has on the Polish motor insurance market. Through an economic analysis, the author gives the forecasts of the market models where three strategies for telematics implementation are used.
Although insurance telematics may be a source of competitive advantage, the Usage-Based Insurance (UBI) is still an insufficiently explored area, especially in the context of the Polish insurance market. Accordingly, the main purpose of this paper is to facilitate a better understanding of the topic through a review and summary of selected literature and research achievements, which may prove useful in a discussion about domestic UBI.
Martes foina – although it sounds a bit strange, this name hides an animal well-known to most of us – a beech marten, less often called a stone marten. This nice-looking representative of mustelids (originally from Asia) colonized Europe successfully after the last Ice Age, and it can be found in the area reaching from Denmark to the shores of the Mediterranean Sea. Due to the fact that the habitats of martens are located closer and closer to humans’ settlements (they have been limited to forests and fields so far), even inhabitants of city downtowns should slowly get used to their presence. Martens have already settled among us for good and they make perfect use of our presence as it makes it easier for them to find food and a warm shelter.
Continue reading “Frolic in cars”The aim of the article is to familiarise the readers with the concept of electronic banking. The author presents a historical aspect of the development of electronic markets as well as electronic banking, which is the result of a rapid development of the computer networks, in particular the Internet. The most common e-banking tools and the benefits resulting from their further development are presented as well. Additionally, a separate section has been devoted to factors that can slow down the further development of e-banking services.
Continue reading “The origin and outlook for the development of electronic banking in Poland at the beginning of the 21st century”The paper presents the genesis and development of the Polish banking system. Part one is devoted to the history of banking in the world. It describes many achievements in the field of money and banking beginning from ancient times up to the 20th century. In part two, the author describes the events that have been taking place over the last 600 years – from the time of Casimir III the Great to the modern times, and which shaped the present state of banking in Poland. Special attention is paid to the prospects of the development of the banking sector in the early 21st century, when Poland is one step from joining the European Union. That is what the third part of the paper is dedicated to.
Continue reading “Short history of banking and prospects for its development in Poland at the beginning of the 21st century”