Retencja ryzyka a ubezpieczenie: analiza zachowań polskich przedsiębiorstw
Risk Retention and Insurance: Testing the Behaviour of Polish Enterprises

Summary/Abstract: The article describes the results of the empirical examination aimed at the identification of factors that induce enterprises to retain the risk of a loss, as a risk management strategy alternative to insurance. Empirical analysis of factors determining the choice between insurance and retention of the risk within the enterprise covered a broad, representative sample of firms, which makes it possible to draw some general conclusions. The research has shown that the dependence between risk retention and various determinants of the risk management strategy is not too strong. This is an indirect proof of the complexity of the choice between insurance and risk retention. The final decision about that depends on many factors. Most of the analysed determinants acted in favour of insurance rather than risk retention. Only three factors were positively correlated with the tendency to retain the within the enterprise. These were: large number of losses suffered by the enterprise, high employment level (a bigger firm’s size), and the height of insurance fee. All the three factors translated, on the average, into a higher degree of risk retention.

• Details
• Contents