INVOLVEMENT OF FACTORS IN RECEIVABLES INSURANCE AS EXEMPLIFIED BY POLAND

Katarzyna Kreczmańska-Gigol; Renata Pajewska-Kwaśny

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Katarzyna Kreczmańska-Gigol
Associate Professor, Department of Finance, Warsaw School of Economics, Al. Niepodległości 162, 02-554 Warszawa, Poland
Poland

KATARZYNA KRECZMAŃSKA-GIGOL, PhD – associate professor in the Department of Finance, Collegium of Management and Finance, Warsaw School of Economics in Warsaw, scientific secretary and lecturer at postgraduate studies in Corporate Financial Liquidity Management, head of postgraduate studies in Debt Recovery. Expert in financial liquidity, in particular debt management and sources of financing. Long-standing bank practitioner. For a number of years involved in training and consultation for entrepreneurs and staff of financial or accounting institutions. The author and co-author of several dozen scholarly publications, including books: “Faktoring w teorii i w praktyce” (Factoring in theory and practice), “Faktoring w przedsiębiorstwie”(Corporate factoring), “Faktoring w świetle prawa cywilnego, podatkowego i bilansowego”(Factoring in view of civil, tax and balance law), “Faktoring. Przewodnik dla przedsiębiorcy” (Factoring. Entrepreneur’s guide), ”Bank a leasing” (Bank and leasing), „Opłacalność działalności kredytowej banku” (Profitability of bank credit operations), ”Finanse spółki akcyjnej” (Stock company finance), ”Aktywne zarządzanie płynnością finansową przedsiębiorstwa” (Corporate financial liquidity active management), ”Windykacja należności – ujęcie interdyscyplinarne” (Debt recovery. Interdisciplinary Approach).

Renata Pajewska-Kwaśny
Vice Dean of Undergraduate Studies, Department of Business Insurance, Warsaw School of Economics, Al. Niepodległości 162, 02-554 Warszawa, Poland
Poland

RENATA PAJEWSKA-KWAŚNY, PhD – Lecturer and research worker in the Warsaw School of Economics since 1990. Besides doing research work, employed in the Ministry of Finance, Property Department in the years 1993 – 2000. The author focuses her interest on corporate management and finance as well as business insurance. Lecturer and organiser of numerous trainings in finance and insurance for business practitioners. Head and scientific secretary of postgraduate studies in Finance and Insurance. The author and co-author of several dozen publications: scholarly, academic script books and books for business practitioners. Co-worker of the Polish Insurance Chamber in the area of insurance conference organisation and expert reports on the situation of the Polish insurance market.

INVOLVEMENT OF FACTORS IN RECEIVABLES INSURANCE AS EXEMPLIFIED BY POLAND

Katarzyna Kreczmańska-Gigol, Renata Pajewska-Kwaśny

Abstract

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.

Keywords

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

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References

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International Journal of Management and Social Sciences (IJMSS)

INVOLVEMENT OF FACTORS IN RECEIVABLES INSURANCE AS EXEMPLIFIED BY POLAND

Abstract

Keywords

Full Text:

References

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