Study of Financial Literacy in the Field of Insurance Products

D 2016

Study of Financial Literacy in the Field of Insurance Products

NEŠLEHA, Josef and Karel URBANOVSKÝ

Basic information

Original name

Study of Financial Literacy in the Field of Insurance Products

Authors

NEŠLEHA, Josef (203 Czech Republic, guarantor, belonging to the institution) and Karel URBANOVSKÝ (203 Czech Republic, belonging to the institution)

Edition

Brno, European Financial Systems 2016, p. 490-495, 6 pp. 2016

Publisher

Masarykova univerzita

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

printed version "print"

References:

URL

RIV identification code

RIV/00216224:14560/16:00090797

Organization unit

Faculty of Economics and Administration

ISBN

978-80-210-8308-0

UT WoS

000385692200065

Keywords in English

insurance; financial literacy; customer; protection

Změněno: 14/11/2016 10:20, Ing. Josef Nešleha

Abstract

V originále

The protection of customers who take out life insurance becomes to be more important, as there is an increasing number of such products. Therefore, it is more likely that customers do not have all decisive information they need to deal with an insured event. The goal of this article is to verify the level of financial literacy in the field of life insurance products. Consequently, the goal is to investigate whether customers of insurance companies are provided with sufficient amount of information related to the products they look for, or whether some important information is missing, and such clients have to search for it on their own. The research is based on an electronic questionnaire. The target audience of this research is limited to those who have already taken out life insurance, since this group of people should be more familiar with conditions, restrictions and other features of such products. In terms of used methods, Pearson chi-squared test is employed in order to reveal a link between financial literacy of insurance products and between different criteria. Other methods are descriptive statistics and basic statistical data processes.

Links

MUNI/A/0916/2015, interní kód MU

Name: Behaviorální a znalostní aspekty obchodování a oceňování finančních aktiv

Investor: Masaryk University, Category A

Citovat

NEŠLEHA, Josef and Karel URBANOVSKÝ. Study of Financial Literacy in the Field of Insurance Products. In Jan Krajíček, Josef Nešleha, Karel Urbanovský. European Financial Systems 2016. Brno: Masarykova univerzita, 2016, p. 490-495. ISBN 978-80-210-8308-0.

@inproceedings{1353965,
   author = {Nešleha, Josef and Urbanovský, Karel},
   address = {Brno},
   booktitle = {European Financial Systems 2016},
   editor = {Jan Krajíček, Josef Nešleha, Karel Urbanovský},
   keywords = {insurance; financial literacy; customer; protection},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Brno},
   isbn = {978-80-210-8308-0},
   pages = {490-495},
   publisher = {Masarykova univerzita},
   title = {Study of Financial Literacy in the Field of Insurance Products},
   url = {http://is.muni.cz/do/econ/sborniky/2016/EFS2016-Proceedings_final_September_12_final_web.pdf},
   year = {2016}
}

TY  - JOUR
ID  - 1353965
AU  - Nešleha, Josef - Urbanovský, Karel
PY  - 2016
TI  - Study of Financial Literacy in the Field of Insurance Products
PB  - Masarykova univerzita
CY  - Brno
SN  - 9788021083080
KW  - insurance
KW  - financial literacy
KW  - customer
KW  - protection
UR  - http://is.muni.cz/do/econ/sborniky/2016/EFS2016-Proceedings_final_September_12_final_web.pdf
L2  - http://is.muni.cz/do/econ/sborniky/2016/EFS2016-Proceedings_final_September_12_final_web.pdf
N2  - The protection of customers who take out life insurance becomes to be more important, as there is an increasing number of such products. Therefore, it is more likely that customers do not have all decisive information they need to deal with an insured event. The goal of this article is to verify the level of financial literacy in the field of life insurance products. Consequently, the goal is to investigate whether customers of insurance companies are provided with sufficient amount of information related to the products they look for, or whether some important information is missing, and such clients have to search for it on their own. The research is based on an electronic questionnaire. The target audience of this research is limited to those who have already taken out life insurance, since this group of people should be more familiar with conditions, restrictions and other features of such products. In terms of used methods, Pearson chi-squared test is employed in order to reveal a link between financial literacy of insurance products and between different criteria. Other methods are descriptive statistics and basic statistical data processes.
ER  -

NEŠLEHA, Josef and Karel URBANOVSKÝ. Study of Financial Literacy in the Field of Insurance Products. In Jan Krajíček, Josef Nešleha, Karel Urbanovský. \textit{European Financial Systems 2016}. Brno: Masarykova univerzita, 2016, p.~490-495. ISBN~978-80-210-8308-0.

Detailed Information on Publication Record