Financial systems worldwide are increasingly experiencing the mounting pressure of the technology-based financial innovations. Some of these developments are generating alternative financial structures existing parallelly to the "old" ones, whereas some others are simply replacing the "old"...

The significance of insurance activity is constantly growing, generating new problems and posing new challenges. One of these challenges is meeting the growing requirements and expectations of customers. This requires the efficient management of insurance companies, which means the necessity to...

Retirement systems are extremely complex social, economic, legal, and organisational structures. The authors of retirement systems are faced with a great number of dilemmas. The pension related expenditure has systematically been increasing in the developed world, also as a percentage of GDP,...