Determinanty kosztu ubezpieczenia kredytów i pożyczek gotówkowych na polskim rynku
Determinants of the Cost of Credit and Cash Loan Insurance on the Polish Market

Summary/Abstract: Credit and loan insurance has become a very popular product in the offer of banking institutions. Banks are increasingly proposing or even demanding insurance from customers when granting credit, which makes the product itself more expensive and more difficult to assess by the consumer. By acquiring credit insurance, the borrower gains a sense of security on the one hand, but on the other hand incurs higher costs, which are conditioned by many factors. The aim of the work is to indicate determinants affecting the cost of insurance of credits and cash loans on the Polish market. It has been hypothesized that the main factor determining the cost of credit/cash loan insurance in Poland is the algorithm used to calculate it. The paper attempts to compare the factors determining the cost of credit / cash loan insurance using simulations conducted for selected offers of Polish banks.

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