The challenges of „Europa 2020” strategy vs. insurance sector (Insurance risk – an effect or trigger of economic activity)
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 2
Abstract
He paper applies to issues related to aspects of Europe 2020 strategy and the role of insurance to its implementation. In the introduction the authors asked a question if the insurance risk is an effect or trigger of economic activity. They also wonder what role insurance plays (or will play) in the process of the strategy implementation. Taxonomic measures are used in the process of an analysis of development of the insurance sector. The sector is compare within four subsectors (catastrophic insurance, life insurance, health and finance insurance) based on data from 2000 to 2010. After the analysis could be noted that insurance sector in Poland is not so innovative and there is no creation of new services to support innovations (there is an insurance risk arising from financial aspects of innovations). At the same time insurance sector do not invest in research and development. Insurance services are rather treated as services to handle so called „known” risks. The risk is rather effect of activity than trigger to act.
Authors and Affiliations
Tomasz Michalski, Adam Śliwiński
Keywords
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