Insurance Company Financial Management by OptimisingPremium Level: the case of Poland.

The article, which falls within the terms of reference of insurance risk analysis, presentsresearch on the death risk regional differentiation and its influence on the level of insuranceand social security premiums.The article is divided into four parts. The first one describes probability of death as ameasure of calculated death risk and presents synthetic results of death probability estimatesfor individual Polish voivodships. In the second part net life insurance premiums calculatedseparately for individual voivodships and premiums calculated with the average death riskfactor for the entire territory of Poland are compared. Part three discusses the effect of theregional premium and death risk differentiation method on financial management ofinsurance companies indicating the value of the insurance fund established. The said fund hasbeen calculated on the basis of the method presented and without the application of theregional premium differentiation method. In conclusion, recommendations are madeconcerning the possible application of the regional premium differentiation by insurancecompanies....