Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations
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 chang...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2019-12-01
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| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12767/IMFI_2019_04_Ostrowska-Dankiewicz.pdf |
| _version_ | 1826910402647162880 |
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| author | Anna Ostrowska-Dankiewicz |
| author_facet | Anna Ostrowska-Dankiewicz |
| author_sort | Anna Ostrowska-Dankiewicz |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-11T16:54:24Z |
| format | Article |
| id | doaj.art-38af92bd590b4fafab19cf2728545aa0 |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2025-02-17T10:00:03Z |
| publishDate | 2019-12-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-38af92bd590b4fafab19cf2728545aa02025-01-02T04:09:20ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582019-12-0116416818010.21511/imfi.16(4).2019.1512767Consumer protection policy in the Polish life insurance market in the aspect of current legal regulationsAnna Ostrowska-Dankiewicz0Ph.D., Rzeszow University of Technology, Faculty of Management, Department of Finance, Banking and AccountingThe 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.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12767/IMFI_2019_04_Ostrowska-Dankiewicz.pdfconsumer protection policyinnovative sales modelinvestment insurancePolish life insurance market |
| spellingShingle | Anna Ostrowska-Dankiewicz Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations Investment Management & Financial Innovations consumer protection policy innovative sales model investment insurance Polish life insurance market |
| title | Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations |
| title_full | Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations |
| title_fullStr | Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations |
| title_full_unstemmed | Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations |
| title_short | Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations |
| title_sort | consumer protection policy in the polish life insurance market in the aspect of current legal regulations |
| topic | consumer protection policy innovative sales model investment insurance Polish life insurance market |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12767/IMFI_2019_04_Ostrowska-Dankiewicz.pdf |
| work_keys_str_mv | AT annaostrowskadankiewicz consumerprotectionpolicyinthepolishlifeinsurancemarketintheaspectofcurrentlegalregulations |