Insurance as a significant factor of economic development in organizations

Economic Annals-XXI: Volume 133, Issue 9-10(1), Pages: 71-75

Citation information:
Wyszkowska, Z., & Janowski, A. (2013). Insurance as a significant factor of economic development in organizations. Economic Annals-XXI, 9-10(1), 71-75. https://ea21journal.world/index.php/ea-v133-19/

Zofia Wyszkowska
D.Sc. (Economics),
Professor,
Dean of Management Faculty,
Bydgoszcz University of Technology
7 Prof. S. Kaliskiego Al., Bydgoszcz, 85-789, Poland
zofiawyszkowska@cps.pl

Andrzej Janowski
PhD (Economics),
Headmaster Dean of Insurance and Banking Faculty,
The Higher School of Management in Konin
3a Zagorowska St., Konin, 62-500, Poland
andrzej.j@utp.edu.pl

Insurance as a significant factor of economic development in organizations

Abstract. The existence of a relationship between financial development and economic growth has already been highlighted in numerous scientific publications. W. Bagehot (1873) [1], J. Schumpeter (1960) [2] identified empirically proven functioning of this relationship over a century ago based on the work of historical laws in economics. Temporary globalization tendencies underline this connection even more, than many years ago, as the new participant of the financial market occurred – insurance companies.

Keywords: Economy; Effectiveness; Finance; Globalization; Insurance

JEL Classification: M12; G10; G20; G22

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Received 20.09.2013