IDEAS home Printed from https://ideas.repec.org/a/vrs/ecobur/v10y2024i2p7-30n1001.html
   My bibliography  Save this article

Proposal for a comprehensive retirement insurance solution (CRIS) to mitigate retirement risk based on theory of change

Author

Listed:
  • Łyskawa Krzysztof

    (Department of Insurance, Institute of Finance, Poznań University of Economics and Business, al. Niepodległości 10, 61-875 Poznań)

  • Bielawska Kamila

    (Department of Banking and Finance, Faculty of Management, University of Gdansk, ul. Armii Krajowej 101, 81-824 Sopot, Poland)

Abstract

The aim of the paper is to propose a new comprehensive retirement insurance solution (CRIS) that, by offering appropriate modules, can be flexibly adapted to customers’ needs during the accumulation of funds and entitlements and during retirement. Technically, the product is life-insurance-based and includes insurance for sickness and in-capacity, long-term care (LTC), work activation expenses, hospital stays, and tontine and Luxembourg policies. Due to consumers’ changing expectations and needs, the technical dimension of this solution is based on a three-layer insurance product in which individual parts of the protection are supplemented by several additional benefits (types of assistance) that improve the quality of life of insurance participants and allow the ongoing use of the product. The basis for considering such a new insurance product is the theory of change (ToC), which makes it possible to build considerable flexibility into such a solution. A SWOT analysis was used to position the proposed solution in relation to other insurance products and social security offered by the state.

Suggested Citation

  • Łyskawa Krzysztof & Bielawska Kamila, 2024. "Proposal for a comprehensive retirement insurance solution (CRIS) to mitigate retirement risk based on theory of change," Economics and Business Review, Sciendo, vol. 10(2), pages 7-30.
    • Handle: RePEc:vrs:ecobur:v:10:y:2024:i:2:p:7-30:n:1001
    DOI: 10.18559/ebr.2024.2.1008
    as

    Download full text from publisher

    File URL: https://doi.org/10.18559/ebr.2024.2.1008
    Download Restriction: no
    File URL: https://libkey.io/10.18559/ebr.2024.2.1008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    modular insurance; life insurance; tontine; long-term care insurance; public-private partnership;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:ecobur:v:10:y:2024:i:2:p:7-30:n:1001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.