Unit-linked life insurance in view of the new act on insurance and reinsurance activities
Unit-linked life insurance in view of the new act on insurance and reinsurance activities

Summary/Abstract: Unit-linked life insurance is an essential financial product in a group of products aiming to secure re- tirement. Demographic determinants in Poland may importantly influence development of this market, which already may be considered quite developed, seeing as life insurance companies offering unit- linked life insurance manage assets worth almost 50 billion PLN. The number of complaints received by the Insurance Ombudsman (Financial Ombudsman from 2016.01.01) regarding unit-linked life insur- ance is worrying. They are caused by the numerous defects of these products. Changes to regulations are therefore necessary, to tailor unit-linked life insurance to the needs of consumers and to improve the quality of exchanging information between the customer and insurance company.The purpose of this paper is to indicate the essence of the unit-linked life insurance market and to discuss regulation requirements in view of a new Act. These issues are presented in particular chap- ters of the paper.

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