Open Access Open Access  Restricted Access Subscription Access


Katarzyna Kreczmańska-Gigol, Renata Pajewska-Kwaśny


The paper presents the results of survey conducted among factors associated in the Polish Factors Association. Their share in the whole factoring market in Poland in 2008 amounted to 70%. The interest of factors in receivables insurance depends on the kind of factoring transaction. They are more often involved in receivables insurance with regard to transactions of higher risk. The main reason indicated by factors why they are not involved in receivables insurance is the refusal to accept the limit by the insurer. Admittedly, the use of factoring receivables insurance would grow if the competition on this market was tougher. Factors appreciate the insurance advantage. They notice that it may result in higher security of their business, improving at the same time the competitiveness of their offer.


Factoring, Factor’s risk, Factoring receivables insurance, Kinds of factoring, Risk, Insurance

Full Text:



Babbel D, and Santomero AM. (1996). “Risk Managemnet by Insurers: An Analysis of the Process”, Wharton Financial Institutions Center, Pennsylvania.

Binder-Degenschild L. (1997). “Risicomanagement im Factoringgeschaeft: Analyse, Kontrolle und Steuerung des Risicos in Factoringpraxis”, [in:] Factoring. Handbuch des nationalen und internationalen Factoring, red. K.F. Hagenmueller, H.J. Sommer, U. Brink, wyd. 3, Fritz Knapp Verlag, Frankfurt am Main, pp.85-102.

Damodaran A. (2009). “Ryzyko strategiczne. Podstawy zarządzania ryzykiem (Strategic risk. Introduction to risk management)”, WAiP, Koźmiński University, Warsaw.

GUS. (2011). “Działalność faktoringowa przedsiębiorstw finansowych w 2010 roku (Factoring activity of financial companies)”, Warsaw.

GUS. (2009). “Działalność przedsiębiorstw faktoringowych 2008 r. (Activities of factoring companies in 2008)”, Warsaw.

Iwanicz-Drozdowska M, and Nowak A. (2001), “Ryzyko bankowe (Banking risk)”, SGH Warsaw, Warsaw.

Kendall R. (2000). “Zarządzanie ryzykiem dla menedżerów (Risk management for managers)”, LIBER, Warsaw.

Lisowski J. (2010). “Specyfika gospodarki finansowej ubezpieczycieli kredytu kupieckiego w Polsce (Characteristics of financial management of trade credit insurers)”, Wydawnictwo Uniwersytetu Ekonomicznego, Poznań.

Olfield G, and Santomero AM. (1995). “The Place of Risk Management in Financial Institutions”, Working Paper, Wharton Financial Institutions Center, Pensylvania.

Santomero A.M. (1997). “Commercial Bank Risk Management: an Analysis of the Process”, The Wharton School, Pennsylvania.

Uyemura DG, and van Deventer DR. (1997). “Zarządzanie ryzykiem w bankach (Risk management in banks)”, Związek Banków Polskich, Warsaw.

Żbikowski A. (2011). “Perspektywy branży w 2011 roku (Prospects of the sector in 2011)”, News conference of the Polish Factors Association, January 12.


  • There are currently no refbacks.

Send mail to with questions or comments about this web site. 

International Journal of Management and Social Sciences, All rights reserved.