Multidimensionality of Financial and Non-financial Market: Risk, Insurance, Economy, Management, and Interdependencies

A special issue of Risks (ISSN 2227-9091).

Deadline for manuscript submissions: closed (20 February 2023) | Viewed by 7478

Special Issue Editors


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Guest Editor
Department of Management, Jan Kochanowski University in Kielce, ul. University 15, 25-406 Kielce, Poland
Interests: risk management; insurance risk management; service quality management; operational efficiency of financial and non-financial enterprises; local and regional development (sustainable development); organization; management; infrastructure

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Guest Editor
Department of Production Engineering and Logistics, Opole University of Technology, Prószkowska 76, 45-758 Opole, Poland
Interests: management; quality; marketing; CSR

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Guest Editor
Department of Economics and Finance, Jan Kochanowski University in Kielce, University 15 str., 25-406 Kielce, Poland
Interests: region; regional policy; endogenous resources; financial situation; financial independence; local and regional development (sustainable development); effectiveness of a territorial unit; infrastructure; natural environment

Special Issue Information

Dear Colleagues,

Risk management in insurance in the context of sustainable development is a concept with deep theoretical and practical justification. It is built on a cause-and-effect analysis, concerning the integration of the economy, society, and the environment in individual areas. This is mainly due to the measures implemented to introduce structural changes to the economy in terms of risk reduction. Representatives of insurance companies and other activities of enterprises constantly collect data and information that are used to make strategic decisions in order to reduce risk based on the accumulated knowledge, which translates into skillful risk management. The popularization of the concept of interdependence of risk, insurance, economy, management, and their interdependence is largely related to numerous crises, including COVID-19.

This Special Edition aims to bring together the latest developments in the application of methods and tools relating to the concept of the interdependence of sustainable development in the area of insurance and emerging risks. Therefore, it is important that research increasingly serves as a channel for solutions to overcome the negative effects crises in the future. Research articles should cover multi-faceted topics related to risk, insurance, economy, management and quality, knowledge, innovation, competition, regional competitiveness, and actions taken in this area.

Dr. Jarosław Wenancjusz Przybytniowski
Dr. Katarzyna Hys
Dr. Andrzej Pawlik
Guest Editors

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Keywords

  • financial and non-financial risk
  • risk management
  • insurance
  • service quality
  • sustainable development
  • business development management
  • regional geography
  • social and economic policy
  • modeling of risk
  • data analysis
  • local and regional development

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Published Papers (2 papers)

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Research

13 pages, 585 KiB  
Article
Risk Management in Electricity Markets: Dominant Topics and Research Trends
by Adriana A. Londoño and Juan D. Velásquez
Risks 2023, 11(7), 116; https://doi.org/10.3390/risks11070116 - 21 Jun 2023
Cited by 4 | Viewed by 3711
Abstract
Risk management in electricity markets is essential for decision making that involve uncertainty. This article researches the dominant themes and research trends in risk management in electricity markets using descriptive analysis, literature mapping, and data mining techniques. The proposed methodology generates the clusters [...] Read more.
Risk management in electricity markets is essential for decision making that involve uncertainty. This article researches the dominant themes and research trends in risk management in electricity markets using descriptive analysis, literature mapping, and data mining techniques. The proposed methodology generates the clusters within the dominant themes and provides a comprehensive view of the main authors, journals, and publications, as well as the main lines of research. The results reveal that the academic production of the subject is increasing and the research trends focused on financial risk management, energy resource management, and that climate coverage mechanisms are of great interest to the scientific community. Full article
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13 pages, 393 KiB  
Article
The Risk of the COVID-19 Pandemic and Its Influence on the Business Insurance Market in the Medium- and Long-Term Horizon
by Jarosław Wenancjusz Przybytniowski, Stanisław Borkowski, Andrzej Pawlik and Petro Garasyim
Risks 2022, 10(5), 100; https://doi.org/10.3390/risks10050100 - 9 May 2022
Cited by 1 | Viewed by 3138
Abstract
The aim of this article is to identify the risk and the likelihood of potential consequences of the COVID-19 pandemic on the business insurance market in the medium- and long-term horizon. The first section of this elaboration presents the theoretical approach connected with [...] Read more.
The aim of this article is to identify the risk and the likelihood of potential consequences of the COVID-19 pandemic on the business insurance market in the medium- and long-term horizon. The first section of this elaboration presents the theoretical approach connected with the nature of the pandemic. The second section outlines the presentation of the COVID-19 measurement rules and the third describes the potential effects of COVID-19 on the insurance market. Contrary to other elaborations on this topic which have appeared so far (these are mostly reports describing the financial market in short- and long-term horizons), here, the authors present the medium-term horizon as well. The possible consequences of COVID-19 are outlined both in relation to the insurance company client, e.g., change in the amount of the insurance premium under the insurance agreement, as well as in relation to the insurer, e.g., appearance of innovative and competitive offers (Trott’s concept Special attention has been paid to the way in which the insurer’s strategy (scenario analysis) may be used to build resilience to other crises as well as to the planning of emergency solutions. Actual events confirm the hypothesis that changes in the business insurance market dominated the losses in the aftermath of the pandemic. Full article
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