id	sid	tid	token	lemma	pos
cjfa-12572	1	1	copernican	copernican	PROPN
cjfa-12572	1	2	journal	journal	PROPN
cjfa-12572	1	3	of	of	ADP
cjfa-12572	1	4	finance	finance	PROPN
cjfa-12572	1	5	&	&	CCONJ
cjfa-12572	1	6	accounting	accounting	PROPN
cjfa-12572	1	7	e	e	PROPN
cjfa-12572	1	8	-	-	PROPN
cjfa-12572	1	9	issn	issn	PROPN
cjfa-12572	1	10	2300	2300	NUM
cjfa-12572	1	11	-	-	SYM
cjfa-12572	1	12	3065	3065	NUM
cjfa-12572	1	13	p	p	PROPN
cjfa-12572	1	14	-	-	PUNCT
cjfa-12572	1	15	issn	issn	PROPN
cjfa-12572	1	16	2300	2300	NUM
cjfa-12572	1	17	-	-	SYM
cjfa-12572	1	18	12402016	12402016	NUM
cjfa-12572	1	19	,	,	PUNCT
cjfa-12572	1	20	volume	volume	NOUN
cjfa-12572	1	21	5	5	NUM
cjfa-12572	1	22	,	,	PUNCT
cjfa-12572	1	23	issue	issue	NOUN
cjfa-12572	1	24	2	2	NUM
cjfa-12572	1	25	date	date	NOUN
cjfa-12572	1	26	of	of	ADP
cjfa-12572	1	27	submission	submission	NOUN
cjfa-12572	1	28	:	:	PUNCT
cjfa-12572	1	29	december	december	PROPN
cjfa-12572	1	30	19	19	NUM
cjfa-12572	1	31	,	,	PUNCT
cjfa-12572	1	32	2016	2016	NUM
cjfa-12572	1	33	;	;	PUNCT
cjfa-12572	1	34	date	date	NOUN
cjfa-12572	1	35	of	of	ADP
cjfa-12572	1	36	acceptance	acceptance	NOUN
cjfa-12572	1	37	:	:	PUNCT
cjfa-12572	1	38	january	january	PROPN
cjfa-12572	1	39	19	19	NUM
cjfa-12572	1	40	,	,	PUNCT
cjfa-12572	1	41	2017	2017	NUM
cjfa-12572	1	42	.	.	PUNCT
cjfa-12572	2	1	*	*	PUNCT
cjfa-12572	2	2	contact	contact	NOUN
cjfa-12572	2	3	information	information	NOUN
cjfa-12572	2	4	:	:	PUNCT
cjfa-12572	2	5	dzieciol.paw@gmail.com	dzieciol.paw@gmail.com	PROPN
cjfa-12572	2	6	,	,	PUNCT
cjfa-12572	2	7	department	department	NOUN
cjfa-12572	2	8	of	of	ADP
cjfa-12572	2	9	insurance	insurance	PROPN
cjfa-12572	2	10	,	,	PUNCT
cjfa-12572	2	11	poznań	poznań	PROPN
cjfa-12572	2	12	university	university	PROPN
cjfa-12572	2	13	of	of	ADP
cjfa-12572	2	14	economics	economic	NOUN
cjfa-12572	2	15	,	,	PUNCT
cjfa-12572	2	16	niepodległości	niepodległości	NOUN
cjfa-12572	2	17	10	10	NUM
cjfa-12572	2	18	,	,	PUNCT
cjfa-12572	2	19	60	60	NUM
cjfa-12572	2	20	-	-	SYM
cjfa-12572	2	21	967	967	NUM
cjfa-12572	2	22	poznań	poznań	NOUN
cjfa-12572	2	23	,	,	PUNCT
cjfa-12572	2	24	poland	poland	PROPN
cjfa-12572	2	25	,	,	PUNCT
cjfa-12572	2	26	phone	phone	NOUN
cjfa-12572	2	27	:	:	PUNCT
cjfa-12572	2	28	+48	+48	NUM
cjfa-12572	2	29	530	530	NUM
cjfa-12572	2	30	843	843	NUM
cjfa-12572	2	31	602	602	NUM
cjfa-12572	2	32	.	.	PUNCT
cjfa-12572	3	1	*	*	PUNCT
cjfa-12572	3	2	*	*	PUNCT
cjfa-12572	3	3	more	more	ADV
cjfa-12572	3	4	formal	formal	ADJ
cjfa-12572	3	5	than	than	ADP
cjfa-12572	3	6	an	an	DET
cjfa-12572	3	7	insurer	insurer	NOUN
cjfa-12572	3	8	,	,	PUNCT
cjfa-12572	3	9	particularly	particularly	ADV
cjfa-12572	3	10	used	use	VERB
cjfa-12572	3	11	by	by	ADP
cjfa-12572	3	12	european	european	ADJ
cjfa-12572	3	13	insurance	insurance	PROPN
cjfa-12572	3	14	and	and	CCONJ
cjfa-12572	3	15	occupational	occupational	ADJ
cjfa-12572	3	16	pensions	pension	NOUN
cjfa-12572	3	17	authority	authority	NOUN
cjfa-12572	3	18	(	(	PUNCT
cjfa-12572	3	19	eiopa	eiopa	ADJ
cjfa-12572	3	20	)	)	PUNCT
cjfa-12572	3	21	,	,	PUNCT
cjfa-12572	3	22	financial	financial	ADJ
cjfa-12572	3	23	conduct	conduct	NOUN
cjfa-12572	3	24	authority	authority	NOUN
cjfa-12572	3	25	(	(	PUNCT
cjfa-12572	3	26	fca	fca	PROPN
cjfa-12572	3	27	)	)	PUNCT
cjfa-12572	3	28	and	and	CCONJ
cjfa-12572	3	29	european	european	ADJ
cjfa-12572	3	30	parliament	parliament	NOUN
cjfa-12572	3	31	,	,	PUNCT
cjfa-12572	3	32	for	for	ADP
cjfa-12572	3	33	example	example	NOUN
cjfa-12572	3	34	in	in	ADP
cjfa-12572	3	35	the	the	DET
cjfa-12572	3	36	following	follow	VERB
cjfa-12572	3	37	acts	act	NOUN
cjfa-12572	3	38	:	:	PUNCT
cjfa-12572	3	39	–	–	PUNCT
cjfa-12572	3	40	directive	directive	NOUN
cjfa-12572	3	41	2009/138	2009/138	NUM
cjfa-12572	3	42	/	/	SYM
cjfa-12572	3	43	ec	ec	PROPN
cjfa-12572	3	44	of	of	ADP
cjfa-12572	3	45	the	the	DET
cjfa-12572	3	46	european	european	ADJ
cjfa-12572	3	47	parliament	parliament	NOUN
cjfa-12572	3	48	and	and	CCONJ
cjfa-12572	3	49	of	of	ADP
cjfa-12572	3	50	the	the	DET
cjfa-12572	3	51	council	council	NOUN
cjfa-12572	3	52	of	of	ADP
cjfa-12572	3	53	25/11/2009	25/11/2009	NUM
cjfa-12572	3	54	on	on	ADP
cjfa-12572	3	55	the	the	DET
cjfa-12572	3	56	taking	taking	NOUN
cjfa-12572	3	57	-	-	PUNCT
cjfa-12572	3	58	up	up	NOUN
cjfa-12572	3	59	and	and	CCONJ
cjfa-12572	3	60	pursuit	pursuit	NOUN
cjfa-12572	3	61	of	of	ADP
cjfa-12572	3	62	the	the	DET
cjfa-12572	3	63	business	business	NOUN
cjfa-12572	3	64	of	of	ADP
cjfa-12572	3	65	insurance	insurance	NOUN
cjfa-12572	3	66	and	and	CCONJ
cjfa-12572	3	67	reinsurance	reinsurance	NOUN
cjfa-12572	3	68	(	(	PUNCT
cjfa-12572	3	69	solvency	solvency	NOUN
cjfa-12572	3	70	ii	ii	PROPN
cjfa-12572	3	71	)	)	PUNCT
cjfa-12572	3	72	,	,	PUNCT
cjfa-12572	3	73	and	and	CCONJ
cjfa-12572	3	74	–	–	PUNCT
cjfa-12572	3	75	commission	commission	NOUN
cjfa-12572	3	76	delegated	delegate	VERB
cjfa-12572	3	77	regulation	regulation	NOUN
cjfa-12572	3	78	(	(	PUNCT
cjfa-12572	3	79	eu	eu	NOUN
cjfa-12572	3	80	)	)	PUNCT
cjfa-12572	3	81	2015/35	2015/35	NUM
cjfa-12572	3	82	of	of	ADP
cjfa-12572	3	83	10/10/2014	10/10/2014	NUM
cjfa-12572	3	84	supplementing	supplement	VERB
cjfa-12572	3	85	directive	directive	NOUN
cjfa-12572	3	86	2009/138	2009/138	NUM
cjfa-12572	3	87	/	/	SYM
cjfa-12572	3	88	ec	ec	PROPN
cjfa-12572	3	89	.	.	PUNCT
cjfa-12572	4	1	dzięcioł	dzięcioł	PROPN
cjfa-12572	4	2	,	,	PUNCT
cjfa-12572	4	3	p.	p.	NOUN
cjfa-12572	4	4	(	(	PUNCT
cjfa-12572	4	5	2016	2016	NUM
cjfa-12572	4	6	)	)	PUNCT
cjfa-12572	4	7	.	.	PUNCT
cjfa-12572	5	1	a	a	DET
cjfa-12572	5	2	risk	risk	NOUN
cjfa-12572	5	3	management	management	NOUN
cjfa-12572	5	4	system	system	NOUN
cjfa-12572	5	5	in	in	ADP
cjfa-12572	5	6	insurance	insurance	NOUN
cjfa-12572	5	7	undertaking	undertaking	NOUN
cjfa-12572	5	8	.	.	PUNCT
cjfa-12572	6	1	copernican	copernican	PROPN
cjfa-12572	6	2	journal	journal	PROPN
cjfa-12572	6	3	of	of	ADP
cjfa-12572	6	4	finance	finance	PROPN
cjfa-12572	6	5	&	&	CCONJ
cjfa-12572	6	6	accounting	accounting	PROPN
cjfa-12572	6	7	,	,	PUNCT
cjfa-12572	6	8	5(2	5(2	NUM
cjfa-12572	6	9	)	)	PUNCT
cjfa-12572	6	10	,	,	PUNCT
cjfa-12572	6	11	73–83	73–83	NUM
cjfa-12572	6	12	.	.	PUNCT
cjfa-12572	7	1	http://dx.doi.org/10.12775/cjfa.2016.016	http://dx.doi.org/10.12775/cjfa.2016.016	PROPN
cjfa-12572	7	2	paweł	paweł	PROPN
cjfa-12572	7	3	dzięcioł	dzięcioł	PROPN
cjfa-12572	7	4	*	*	PROPN
cjfa-12572	7	5	poznań	poznań	PROPN
cjfa-12572	7	6	university	university	PROPN
cjfa-12572	7	7	of	of	ADP
cjfa-12572	7	8	economics	economics	PROPN
cjfa-12572	7	9	a	a	DET
cjfa-12572	7	10	risk	risk	NOUN
cjfa-12572	7	11	management	management	NOUN
cjfa-12572	7	12	system	system	NOUN
cjfa-12572	7	13	in	in	ADP
cjfa-12572	7	14	insurance	insurance	NOUN
cjfa-12572	7	15	undertaking	undertake	VERB
cjfa-12572	7	16	*	*	NOUN
cjfa-12572	7	17	*	*	PUNCT
cjfa-12572	7	18	keywords	keyword	NOUN
cjfa-12572	7	19	:	:	PUNCT
cjfa-12572	7	20	risk	risk	NOUN
cjfa-12572	7	21	management	management	NOUN
cjfa-12572	7	22	,	,	PUNCT
cjfa-12572	7	23	insurance	insurance	NOUN
cjfa-12572	7	24	undertaking	undertaking	NOUN
cjfa-12572	7	25	,	,	PUNCT
cjfa-12572	7	26	solvency	solvency	NOUN
cjfa-12572	7	27	ii	ii	PROPN
cjfa-12572	7	28	,	,	PUNCT
cjfa-12572	7	29	commission	commission	NOUN
cjfa-12572	7	30	delegated	delegate	VERB
cjfa-12572	7	31	regulation	regulation	NOUN
cjfa-12572	7	32	.	.	PUNCT
cjfa-12572	8	1	jel	jel	PROPN
cjfa-12572	8	2	classification	classification	NOUN
cjfa-12572	8	3	:	:	PUNCT
cjfa-12572	8	4	g20	g20	NOUN
cjfa-12572	8	5	,	,	PUNCT
cjfa-12572	8	6	g22	g22	NOUN
cjfa-12572	8	7	,	,	PUNCT
cjfa-12572	8	8	g28	g28	NOUN
cjfa-12572	8	9	,	,	PUNCT
cjfa-12572	8	10	g32	g32	NOUN
cjfa-12572	8	11	.	.	PUNCT
cjfa-12572	9	1	abstract	abstract	ADJ
cjfa-12572	9	2	:	:	PUNCT
cjfa-12572	9	3	the	the	DET
cjfa-12572	9	4	purpose	purpose	NOUN
cjfa-12572	9	5	of	of	ADP
cjfa-12572	9	6	this	this	DET
cjfa-12572	9	7	article	article	NOUN
cjfa-12572	9	8	is	be	AUX
cjfa-12572	9	9	to	to	PART
cjfa-12572	9	10	identify	identify	VERB
cjfa-12572	9	11	and	and	CCONJ
cjfa-12572	9	12	to	to	PART
cjfa-12572	9	13	define	define	VERB
cjfa-12572	9	14	a	a	DET
cjfa-12572	9	15	role	role	NOUN
cjfa-12572	9	16	of	of	ADP
cjfa-12572	9	17	risk	risk	NOUN
cjfa-12572	9	18	management	management	NOUN
cjfa-12572	9	19	in	in	ADP
cjfa-12572	9	20	insurance	insurance	NOUN
cjfa-12572	9	21	undertakings	undertaking	NOUN
cjfa-12572	9	22	,	,	PUNCT
cjfa-12572	9	23	particularly	particularly	ADV
cjfa-12572	9	24	in	in	ADP
cjfa-12572	9	25	the	the	DET
cjfa-12572	9	26	light	light	NOUN
cjfa-12572	9	27	of	of	ADP
cjfa-12572	9	28	new	new	ADJ
cjfa-12572	9	29	regulations	regulation	NOUN
cjfa-12572	9	30	.	.	PUNCT
cjfa-12572	10	1	therefore	therefore	ADV
cjfa-12572	10	2	,	,	PUNCT
cjfa-12572	10	3	an	an	DET
cjfa-12572	10	4	obligatory	obligatory	NOUN
cjfa-12572	10	5	of	of	ADP
cjfa-12572	10	6	implementing	implement	VERB
cjfa-12572	10	7	a	a	DET
cjfa-12572	10	8	risk	risk	NOUN
cjfa-12572	10	9	management	management	NOUN
cjfa-12572	10	10	system	system	NOUN
cjfa-12572	10	11	in	in	ADP
cjfa-12572	10	12	insurance	insurance	NOUN
cjfa-12572	10	13	undertaking	undertaking	NOUN
cjfa-12572	10	14	can	can	AUX
cjfa-12572	10	15	have	have	VERB
cjfa-12572	10	16	a	a	DET
cjfa-12572	10	17	negative	negative	ADJ
cjfa-12572	10	18	impact	impact	NOUN
cjfa-12572	10	19	on	on	ADP
cjfa-12572	10	20	effectiveness	effectiveness	NOUN
cjfa-12572	10	21	or	or	CCONJ
cjfa-12572	10	22	efficacy	efficacy	NOUN
cjfa-12572	10	23	entity	entity	NOUN
cjfa-12572	10	24	is	be	AUX
cjfa-12572	10	25	the	the	DET
cjfa-12572	10	26	hypothesis	hypothesis	NOUN
cjfa-12572	10	27	of	of	ADP
cjfa-12572	10	28	this	this	DET
cjfa-12572	10	29	publication	publication	NOUN
cjfa-12572	10	30	.	.	PUNCT
cjfa-12572	11	1	to	to	PART
cjfa-12572	11	2	prove	prove	VERB
cjfa-12572	11	3	or	or	CCONJ
cjfa-12572	11	4	refute	refute	VERB
cjfa-12572	11	5	a	a	DET
cjfa-12572	11	6	hypothesis	hypothesis	NOUN
cjfa-12572	11	7	,	,	PUNCT
cjfa-12572	11	8	a	a	DET
cjfa-12572	11	9	qualitative	qualitative	ADJ
cjfa-12572	11	10	method	method	NOUN
cjfa-12572	11	11	and	and	CCONJ
cjfa-12572	11	12	empirical	empirical	ADJ
cjfa-12572	11	13	research	research	NOUN
cjfa-12572	11	14	were	be	AUX
cjfa-12572	11	15	applied	apply	VERB
cjfa-12572	11	16	.	.	PUNCT
cjfa-12572	12	1	finally	finally	ADV
cjfa-12572	12	2	,	,	PUNCT
cjfa-12572	12	3	the	the	DET
cjfa-12572	12	4	hypothesis	hypothesis	NOUN
cjfa-12572	12	5	was	be	AUX
cjfa-12572	12	6	proved	prove	VERB
cjfa-12572	12	7	.	.	PUNCT
cjfa-12572	12	8	 	 	SPACE
cjfa-12572	13	1	introduction	introduction	NOUN
cjfa-12572	13	2	the	the	DET
cjfa-12572	13	3	conception	conception	NOUN
cjfa-12572	13	4	of	of	ADP
cjfa-12572	13	5	enterprise	enterprise	NOUN
cjfa-12572	13	6	risk	risk	NOUN
cjfa-12572	13	7	management	management	NOUN
cjfa-12572	13	8	(	(	PUNCT
cjfa-12572	13	9	erm	erm	PROPN
cjfa-12572	13	10	)	)	PUNCT
cjfa-12572	13	11	focuses	focus	VERB
cjfa-12572	13	12	on	on	ADP
cjfa-12572	13	13	entities	entity	NOUN
cjfa-12572	13	14	,	,	PUNCT
cjfa-12572	13	15	and	and	CCONJ
cjfa-12572	13	16	these	these	PRON
cjfa-12572	13	17	makes	make	VERB
cjfa-12572	13	18	dependent	dependent	ADJ
cjfa-12572	13	19	on	on	ADP
cjfa-12572	13	20	its	its	PRON
cjfa-12572	13	21	own	own	ADJ
cjfa-12572	13	22	shape	shape	NOUN
cjfa-12572	13	23	.	.	PUNCT
cjfa-12572	14	1	according	accord	VERB
cjfa-12572	14	2	to	to	ADP
cjfa-12572	14	3	the	the	DET
cjfa-12572	14	4	‘	'	PUNCT
cjfa-12572	14	5	centric	centric	ADJ
cjfa-12572	14	6	entipaweł	entipaweł	NOUN
cjfa-12572	14	7	dzięcioł74	dzięcioł74	NOUN
cjfa-12572	14	8	tative	tative	VERB
cjfa-12572	14	9	’	'	PUNCT
cjfa-12572	14	10	idea	idea	NOUN
cjfa-12572	14	11	,	,	PUNCT
cjfa-12572	14	12	each	each	DET
cjfa-12572	14	13	company	company	NOUN
cjfa-12572	14	14	defines	define	VERB
cjfa-12572	14	15	own	own	ADJ
cjfa-12572	14	16	–	–	PUNCT
cjfa-12572	14	17	different	different	ADJ
cjfa-12572	14	18	–	–	PUNCT
cjfa-12572	14	19	risks	risk	NOUN
cjfa-12572	14	20	,	,	PUNCT
cjfa-12572	14	21	manages	manage	VERB
cjfa-12572	14	22	in	in	ADP
cjfa-12572	14	23	others	other	NOUN
cjfa-12572	14	24	way	way	NOUN
cjfa-12572	14	25	,	,	PUNCT
cjfa-12572	14	26	therefore	therefore	ADV
cjfa-12572	14	27	every	every	DET
cjfa-12572	14	28	risk	risk	NOUN
cjfa-12572	14	29	management	management	NOUN
cjfa-12572	14	30	process	process	NOUN
cjfa-12572	14	31	looks	look	VERB
cjfa-12572	14	32	unique	unique	ADJ
cjfa-12572	14	33	(	(	PUNCT
cjfa-12572	14	34	michalak	michalak	NOUN
cjfa-12572	14	35	,	,	PUNCT
cjfa-12572	14	36	2009	2009	NUM
cjfa-12572	14	37	,	,	PUNCT
cjfa-12572	14	38	pp	pp	ADV
cjfa-12572	14	39	.	.	PUNCT
cjfa-12572	14	40	481–492	481–492	NUM
cjfa-12572	14	41	)	)	PUNCT
cjfa-12572	14	42	.	.	PUNCT
cjfa-12572	15	1	a	a	DET
cjfa-12572	15	2	lots	lot	NOUN
cjfa-12572	15	3	of	of	ADP
cjfa-12572	15	4	authors	author	NOUN
cjfa-12572	15	5	underline	underline	VERB
cjfa-12572	15	6	,	,	PUNCT
cjfa-12572	15	7	that	that	SCONJ
cjfa-12572	15	8	erm	erm	PROPN
cjfa-12572	15	9	will	will	AUX
cjfa-12572	15	10	growth	growth	VERB
cjfa-12572	15	11	in	in	ADP
cjfa-12572	15	12	importance	importance	NOUN
cjfa-12572	15	13	,	,	PUNCT
cjfa-12572	15	14	in	in	ADP
cjfa-12572	15	15	spite	spite	NOUN
cjfa-12572	15	16	of	of	ADP
cjfa-12572	15	17	imperfections	imperfection	NOUN
cjfa-12572	15	18	and	and	CCONJ
cjfa-12572	15	19	entrance	entrance	NOUN
cjfa-12572	15	20	obstacles	obstacle	NOUN
cjfa-12572	15	21	.	.	PUNCT
cjfa-12572	16	1	however	however	ADV
cjfa-12572	16	2	,	,	PUNCT
cjfa-12572	16	3	enterprise	enterprise	NOUN
cjfa-12572	16	4	risk	risk	NOUN
cjfa-12572	16	5	management	management	NOUN
cjfa-12572	16	6	conception	conception	NOUN
cjfa-12572	16	7	would	would	AUX
cjfa-12572	16	8	be	be	AUX
cjfa-12572	16	9	a	a	DET
cjfa-12572	16	10	way	way	NOUN
cjfa-12572	16	11	to	to	PART
cjfa-12572	16	12	assure	assure	VERB
cjfa-12572	16	13	an	an	DET
cjfa-12572	16	14	effectiveness	effectiveness	NOUN
cjfa-12572	16	15	of	of	ADP
cjfa-12572	16	16	internal	internal	ADJ
cjfa-12572	16	17	and	and	CCONJ
cjfa-12572	16	18	external	external	ADJ
cjfa-12572	16	19	company	company	NOUN
cjfa-12572	16	20	resources	resource	NOUN
cjfa-12572	16	21	(	(	PUNCT
cjfa-12572	16	22	sasin	sasin	PROPN
cjfa-12572	16	23	,	,	PUNCT
cjfa-12572	16	24	2011	2011	NUM
cjfa-12572	16	25	,	,	PUNCT
cjfa-12572	16	26	pp	pp	ADJ
cjfa-12572	16	27	.	.	PUNCT
cjfa-12572	17	1	98–99	98–99	NUM
cjfa-12572	17	2	)	)	PUNCT
cjfa-12572	17	3	.	.	PUNCT
cjfa-12572	18	1	nevertheless	nevertheless	ADV
cjfa-12572	18	2	,	,	PUNCT
cjfa-12572	18	3	a	a	DET
cjfa-12572	18	4	comparison	comparison	NOUN
cjfa-12572	18	5	erm	erm	VERB
cjfa-12572	18	6	with	with	ADP
cjfa-12572	18	7	risk	risk	NOUN
cjfa-12572	18	8	management	management	NOUN
cjfa-12572	18	9	system	system	NOUN
cjfa-12572	18	10	in	in	ADP
cjfa-12572	18	11	insurance	insurance	NOUN
cjfa-12572	18	12	undertakings	undertaking	NOUN
cjfa-12572	18	13	seems	seem	VERB
cjfa-12572	18	14	exceptionally	exceptionally	ADV
cjfa-12572	18	15	interesting	interesting	ADJ
cjfa-12572	18	16	.	.	PUNCT
cjfa-12572	19	1	a	a	DET
cjfa-12572	19	2	risk	risk	NOUN
cjfa-12572	19	3	management	management	NOUN
cjfa-12572	19	4	system	system	NOUN
cjfa-12572	19	5	is	be	AUX
cjfa-12572	19	6	definitely	definitely	ADV
cjfa-12572	19	7	obligatory	obligatory	ADJ
cjfa-12572	19	8	in	in	ADP
cjfa-12572	19	9	poland	poland	PROPN
cjfa-12572	19	10	for	for	ADP
cjfa-12572	19	11	insurance	insurance	NOUN
cjfa-12572	19	12	undertakings	undertaking	NOUN
cjfa-12572	19	13	because	because	SCONJ
cjfa-12572	19	14	of	of	ADP
cjfa-12572	19	15	the	the	DET
cjfa-12572	19	16	new	new	ADJ
cjfa-12572	19	17	insurance	insurance	NOUN
cjfa-12572	19	18	and	and	CCONJ
cjfa-12572	19	19	reinsurance	reinsurance	NOUN
cjfa-12572	19	20	activity	activity	NOUN
cjfa-12572	19	21	act	act	NOUN
cjfa-12572	19	22	from	from	ADP
cjfa-12572	19	23	11th	11th	ADJ
cjfa-12572	19	24	september	september	PROPN
cjfa-12572	19	25	2015	2015	NUM
cjfa-12572	19	26	(	(	PUNCT
cjfa-12572	19	27	below	below	ADV
cjfa-12572	19	28	:	:	PUNCT
cjfa-12572	19	29	act	act	PROPN
cjfa-12572	19	30	)	)	PUNCT
cjfa-12572	19	31	.	.	PUNCT
cjfa-12572	20	1	the	the	DET
cjfa-12572	20	2	legislator	legislator	NOUN
cjfa-12572	20	3	proclaimed	proclaim	VERB
cjfa-12572	20	4	a	a	DET
cjfa-12572	20	5	form	form	NOUN
cjfa-12572	20	6	of	of	ADP
cjfa-12572	20	7	risk	risk	NOUN
cjfa-12572	20	8	management	management	NOUN
cjfa-12572	20	9	system	system	NOUN
cjfa-12572	20	10	for	for	ADP
cjfa-12572	20	11	insurance	insurance	NOUN
cjfa-12572	20	12	undertakings	undertaking	NOUN
cjfa-12572	20	13	in	in	ADP
cjfa-12572	20	14	chapter	chapter	NOUN
cjfa-12572	20	15	3	3	NUM
cjfa-12572	20	16	.	.	PUNCT
cjfa-12572	21	1	moreover	moreover	ADV
cjfa-12572	21	2	,	,	PUNCT
cjfa-12572	21	3	the	the	DET
cjfa-12572	21	4	act	act	NOUN
cjfa-12572	21	5	came	come	VERB
cjfa-12572	21	6	into	into	ADP
cjfa-12572	21	7	force	force	NOUN
cjfa-12572	21	8	on	on	ADP
cjfa-12572	21	9	1st	1st	ADJ
cjfa-12572	21	10	january	january	PROPN
cjfa-12572	21	11	2016	2016	NUM
cjfa-12572	21	12	and	and	CCONJ
cjfa-12572	21	13	chapter	chapter	NOUN
cjfa-12572	21	14	3	3	NUM
cjfa-12572	21	15	does	do	AUX
cjfa-12572	21	16	not	not	PART
cjfa-12572	21	17	include	include	VERB
cjfa-12572	21	18	vacatio	vacatio	VERB
cjfa-12572	21	19	legis	legis	PROPN
cjfa-12572	21	20	.	.	PUNCT
cjfa-12572	22	1	so	so	ADV
cjfa-12572	22	2	,	,	PUNCT
cjfa-12572	22	3	in	in	ADP
cjfa-12572	22	4	every	every	DET
cjfa-12572	22	5	insurance	insurance	NOUN
cjfa-12572	22	6	undertaking	undertaking	NOUN
cjfa-12572	22	7	should	should	AUX
cjfa-12572	22	8	run	run	VERB
cjfa-12572	22	9	a	a	DET
cjfa-12572	22	10	risk	risk	NOUN
cjfa-12572	22	11	management	management	NOUN
cjfa-12572	22	12	system	system	NOUN
cjfa-12572	22	13	from	from	ADP
cjfa-12572	22	14	beginning	begin	VERB
cjfa-12572	22	15	2016	2016	NUM
cjfa-12572	22	16	.	.	PUNCT
cjfa-12572	23	1	the	the	DET
cjfa-12572	23	2	definition	definition	NOUN
cjfa-12572	23	3	of	of	ADP
cjfa-12572	23	4	management	management	NOUN
cjfa-12572	23	5	system	system	NOUN
cjfa-12572	23	6	was	be	AUX
cjfa-12572	23	7	deemed	deem	VERB
cjfa-12572	23	8	as	as	ADP
cjfa-12572	23	9	‘	'	PUNCT
cjfa-12572	23	10	a	a	DET
cjfa-12572	23	11	system	system	NOUN
cjfa-12572	23	12	included	include	VERB
cjfa-12572	23	13	a	a	DET
cjfa-12572	23	14	risk	risk	NOUN
cjfa-12572	23	15	management	management	NOUN
cjfa-12572	23	16	function	function	NOUN
cjfa-12572	23	17	,	,	PUNCT
cjfa-12572	23	18	a	a	DET
cjfa-12572	23	19	compliance	compliance	NOUN
cjfa-12572	23	20	function	function	NOUN
cjfa-12572	23	21	,	,	PUNCT
cjfa-12572	23	22	an	an	DET
cjfa-12572	23	23	internal	internal	ADJ
cjfa-12572	23	24	audit	audit	NOUN
cjfa-12572	23	25	function	function	NOUN
cjfa-12572	23	26	,	,	PUNCT
cjfa-12572	23	27	and	and	CCONJ
cjfa-12572	23	28	an	an	DET
cjfa-12572	23	29	actuarial	actuarial	ADJ
cjfa-12572	23	30	function	function	NOUN
cjfa-12572	23	31	’	'	PUNCT
cjfa-12572	23	32	according	accord	VERB
cjfa-12572	23	33	to	to	ADP
cjfa-12572	23	34	the	the	DET
cjfa-12572	23	35	article	article	NOUN
cjfa-12572	23	36	3	3	NUM
cjfa-12572	23	37	(	(	PUNCT
cjfa-12572	23	38	1	1	NUM
cjfa-12572	23	39	)	)	PUNCT
cjfa-12572	23	40	point	point	NOUN
cjfa-12572	23	41	(	(	PUNCT
cjfa-12572	23	42	47	47	NUM
cjfa-12572	23	43	)	)	PUNCT
cjfa-12572	23	44	of	of	ADP
cjfa-12572	23	45	act	act	PROPN
cjfa-12572	23	46	.	.	PUNCT
cjfa-12572	24	1	however	however	ADV
cjfa-12572	24	2	,	,	PUNCT
cjfa-12572	24	3	a	a	DET
cjfa-12572	24	4	proportionality	proportionality	NOUN
cjfa-12572	24	5	of	of	ADP
cjfa-12572	24	6	management	management	NOUN
cjfa-12572	24	7	system	system	NOUN
cjfa-12572	24	8	in	in	ADP
cjfa-12572	24	9	dependence	dependence	NOUN
cjfa-12572	24	10	on	on	ADP
cjfa-12572	24	11	character	character	NOUN
cjfa-12572	24	12	,	,	PUNCT
cjfa-12572	24	13	range	range	NOUN
cjfa-12572	24	14	and	and	CCONJ
cjfa-12572	24	15	complexity	complexity	NOUN
cjfa-12572	24	16	of	of	ADP
cjfa-12572	24	17	insurer	insurer	NOUN
cjfa-12572	24	18	’s	’s	PART
cjfa-12572	24	19	activity	activity	NOUN
cjfa-12572	24	20	was	be	AUX
cjfa-12572	24	21	contained	contain	VERB
cjfa-12572	24	22	in	in	ADP
cjfa-12572	24	23	article	article	NOUN
cjfa-12572	24	24	45	45	NUM
cjfa-12572	24	25	(	(	PUNCT
cjfa-12572	24	26	2	2	NUM
cjfa-12572	24	27	)	)	PUNCT
cjfa-12572	24	28	(	(	PUNCT
cjfa-12572	24	29	ustawa	ustawa	PROPN
cjfa-12572	24	30	o	o	PROPN
cjfa-12572	24	31	działalności	działalności	PROPN
cjfa-12572	24	32	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	24	33	,	,	PUNCT
cjfa-12572	24	34	2015	2015	NUM
cjfa-12572	24	35	)	)	PUNCT
cjfa-12572	24	36	.	.	PUNCT
cjfa-12572	25	1	research	research	NOUN
cjfa-12572	25	2	methodology	methodology	NOUN
cjfa-12572	25	3	the	the	DET
cjfa-12572	25	4	verification	verification	NOUN
cjfa-12572	25	5	of	of	ADP
cjfa-12572	25	6	hypothesis	hypothesis	NOUN
cjfa-12572	25	7	is	be	AUX
cjfa-12572	25	8	done	do	VERB
cjfa-12572	25	9	in	in	ADP
cjfa-12572	25	10	two	two	NUM
cjfa-12572	25	11	steps	step	NOUN
cjfa-12572	25	12	.	.	PUNCT
cjfa-12572	26	1	firstly	firstly	ADV
cjfa-12572	26	2	,	,	PUNCT
cjfa-12572	26	3	in	in	ADP
cjfa-12572	26	4	aim	aim	NOUN
cjfa-12572	26	5	to	to	PART
cjfa-12572	26	6	clarify	clarify	VERB
cjfa-12572	26	7	legal	legal	ADJ
cjfa-12572	26	8	state	state	NOUN
cjfa-12572	26	9	author	author	NOUN
cjfa-12572	26	10	analyzes	analyze	VERB
cjfa-12572	26	11	risk	risk	NOUN
cjfa-12572	26	12	management	management	NOUN
cjfa-12572	26	13	demands	demand	NOUN
cjfa-12572	26	14	of	of	ADP
cjfa-12572	26	15	acts	act	NOUN
cjfa-12572	26	16	for	for	ADP
cjfa-12572	26	17	insurers	insurer	NOUN
cjfa-12572	26	18	and	and	CCONJ
cjfa-12572	26	19	legislator	legislator	NOUN
cjfa-12572	26	20	’s	’s	PART
cjfa-12572	26	21	risk	risk	NOUN
cjfa-12572	26	22	management	management	NOUN
cjfa-12572	26	23	system	system	NOUN
cjfa-12572	26	24	.	.	PUNCT
cjfa-12572	27	1	secondly	secondly	ADV
cjfa-12572	27	2	,	,	PUNCT
cjfa-12572	27	3	a	a	DET
cjfa-12572	27	4	state	state	NOUN
cjfa-12572	27	5	of	of	ADP
cjfa-12572	27	6	risk	risk	NOUN
cjfa-12572	27	7	management	management	NOUN
cjfa-12572	27	8	in	in	ADP
cjfa-12572	27	9	insurance	insurance	NOUN
cjfa-12572	27	10	undertakings	undertaking	NOUN
cjfa-12572	27	11	has	have	AUX
cjfa-12572	27	12	been	be	AUX
cjfa-12572	27	13	analyzed	analyze	VERB
cjfa-12572	27	14	according	accord	VERB
cjfa-12572	27	15	to	to	ADP
cjfa-12572	27	16	empirical	empirical	ADJ
cjfa-12572	27	17	research	research	NOUN
cjfa-12572	27	18	.	.	PUNCT
cjfa-12572	28	1	it	it	PRON
cjfa-12572	28	2	has	have	VERB
cjfa-12572	28	3	to	to	PART
cjfa-12572	28	4	underline	underline	VERB
cjfa-12572	28	5	,	,	PUNCT
cjfa-12572	28	6	that	that	SCONJ
cjfa-12572	28	7	gaining	gain	VERB
cjfa-12572	28	8	information	information	NOUN
cjfa-12572	28	9	about	about	ADP
cjfa-12572	28	10	internal	internal	ADJ
cjfa-12572	28	11	process	process	NOUN
cjfa-12572	28	12	and	and	CCONJ
cjfa-12572	28	13	effectiveness	effectiveness	NOUN
cjfa-12572	28	14	of	of	ADP
cjfa-12572	28	15	insurers	insurer	NOUN
cjfa-12572	28	16	is	be	AUX
cjfa-12572	28	17	almost	almost	ADV
cjfa-12572	28	18	impossible	impossible	ADJ
cjfa-12572	28	19	.	.	PUNCT
cjfa-12572	29	1	however	however	ADV
cjfa-12572	29	2	,	,	PUNCT
cjfa-12572	29	3	insurance	insurance	NOUN
cjfa-12572	29	4	undertakings	undertaking	NOUN
cjfa-12572	29	5	have	have	VERB
cjfa-12572	29	6	to	to	PART
cjfa-12572	29	7	fulfill	fulfill	VERB
cjfa-12572	29	8	bion	bion	NOUN
cjfa-12572	29	9	questionnaire	questionnaire	NOUN
cjfa-12572	29	10	(	(	PUNCT
cjfa-12572	29	11	research	research	NOUN
cjfa-12572	29	12	and	and	CCONJ
cjfa-12572	29	13	supervisory	supervisory	ADJ
cjfa-12572	29	14	assessment	assessment	NOUN
cjfa-12572	29	15	)	)	PUNCT
cjfa-12572	29	16	for	for	ADP
cjfa-12572	29	17	polish	polish	ADJ
cjfa-12572	29	18	financial	financial	ADJ
cjfa-12572	29	19	supervision	supervision	PROPN
cjfa-12572	29	20	authority	authority	PROPN
cjfa-12572	29	21	office	office	PROPN
cjfa-12572	29	22	(	(	PUNCT
cjfa-12572	29	23	uknf	uknf	PROPN
cjfa-12572	29	24	)	)	PUNCT
cjfa-12572	29	25	as	as	ADV
cjfa-12572	29	26	well	well	ADV
cjfa-12572	29	27	as	as	ADP
cjfa-12572	29	28	polish	polish	ADJ
cjfa-12572	29	29	insurance	insurance	NOUN
cjfa-12572	29	30	association	association	NOUN
cjfa-12572	29	31	(	(	PUNCT
cjfa-12572	29	32	piu	piu	PROPN
cjfa-12572	29	33	)	)	PUNCT
cjfa-12572	29	34	published	publish	VERB
cjfa-12572	29	35	it	it	PRON
cjfa-12572	29	36	in	in	ADP
cjfa-12572	29	37	2013	2013	NUM
cjfa-12572	29	38	.	.	PUNCT
cjfa-12572	30	1	so	so	ADV
cjfa-12572	30	2	the	the	DET
cjfa-12572	30	3	second	second	ADJ
cjfa-12572	30	4	step	step	NOUN
cjfa-12572	30	5	closes	close	VERB
cjfa-12572	30	6	to	to	PART
cjfa-12572	30	7	analyze	analyze	VERB
cjfa-12572	30	8	of	of	ADP
cjfa-12572	30	9	empirical	empirical	ADJ
cjfa-12572	30	10	research	research	NOUN
cjfa-12572	30	11	.	.	PUNCT
cjfa-12572	31	1	in	in	ADP
cjfa-12572	31	2	cooperation	cooperation	NOUN
cjfa-12572	31	3	of	of	ADP
cjfa-12572	31	4	audit	audit	NOUN
cjfa-12572	31	5	and	and	CCONJ
cjfa-12572	31	6	internal	internal	PROPN
cjfa-12572	31	7	control	control	NOUN
cjfa-12572	31	8	commission	commission	NOUN
cjfa-12572	31	9	members	member	NOUN
cjfa-12572	31	10	in	in	ADP
cjfa-12572	31	11	polish	polish	PROPN
cjfa-12572	31	12	insurance	insurance	NOUN
cjfa-12572	31	13	association	association	NOUN
cjfa-12572	31	14	(	(	PUNCT
cjfa-12572	31	15	piu	piu	PROPN
cjfa-12572	31	16	)	)	PUNCT
cjfa-12572	31	17	,	,	PUNCT
cjfa-12572	31	18	kpmg	kpmg	PROPN
cjfa-12572	31	19	employees	employee	NOUN
cjfa-12572	31	20	and	and	CCONJ
cjfa-12572	31	21	representative	representative	NOUN
cjfa-12572	31	22	of	of	ADP
cjfa-12572	31	23	polish	polish	ADJ
cjfa-12572	31	24	financial	financial	PROPN
cjfa-12572	31	25	supervision	supervision	PROPN
cjfa-12572	31	26	authority	authority	PROPN
cjfa-12572	31	27	office	office	PROPN
cjfa-12572	31	28	(	(	PUNCT
cjfa-12572	31	29	uknf	uknf	PROPN
cjfa-12572	31	30	)	)	PUNCT
cjfa-12572	31	31	,	,	PUNCT
cjfa-12572	31	32	the	the	DET
cjfa-12572	31	33	brochure	brochure	NOUN
cjfa-12572	31	34	was	be	AUX
cjfa-12572	31	35	published	publish	VERB
cjfa-12572	31	36	in	in	ADP
cjfa-12572	31	37	2013	2013	NUM
cjfa-12572	31	38	.	.	PUNCT
cjfa-12572	32	1	it	it	PRON
cjfa-12572	32	2	includes	include	VERB
cjfa-12572	32	3	collective	collective	ADJ
cjfa-12572	32	4	answers	answer	NOUN
cjfa-12572	32	5	for	for	ADP
cjfa-12572	32	6	questions	question	NOUN
cjfa-12572	32	7	from	from	ADP
cjfa-12572	32	8	bion	bion	NOUN
cjfa-12572	32	9	questionnaire	questionnaire	NOUN
cjfa-12572	32	10	a	a	DET
cjfa-12572	32	11	risk	risk	NOUN
cjfa-12572	32	12	management	management	NOUN
cjfa-12572	32	13	system	system	NOUN
cjfa-12572	32	14	in	in	ADP
cjfa-12572	32	15	insurance	insurance	NOUN
cjfa-12572	32	16	undertaking	undertake	VERB
cjfa-12572	32	17	75	75	NUM
cjfa-12572	32	18	(	(	PUNCT
cjfa-12572	32	19	research	research	NOUN
cjfa-12572	32	20	and	and	CCONJ
cjfa-12572	32	21	supervisory	supervisory	ADJ
cjfa-12572	32	22	assessment	assessment	NOUN
cjfa-12572	32	23	)	)	PUNCT
cjfa-12572	32	24	in	in	ADP
cjfa-12572	32	25	accordance	accordance	NOUN
cjfa-12572	32	26	with	with	ADP
cjfa-12572	32	27	a	a	DET
cjfa-12572	32	28	state	state	NOUN
cjfa-12572	32	29	in	in	ADP
cjfa-12572	32	30	2012	2012	NUM
cjfa-12572	32	31	.	.	PUNCT
cjfa-12572	33	1	the	the	DET
cjfa-12572	33	2	actual	actual	ADJ
cjfa-12572	33	3	state	state	NOUN
cjfa-12572	33	4	analysis	analysis	NOUN
cjfa-12572	33	5	in	in	ADP
cjfa-12572	33	6	insurance	insurance	NOUN
cjfa-12572	33	7	undertakings	undertaking	NOUN
cjfa-12572	33	8	is	be	AUX
cjfa-12572	33	9	consisted	consist	VERB
cjfa-12572	33	10	of	of	ADP
cjfa-12572	33	11	three	three	NUM
cjfa-12572	33	12	parts	part	NOUN
cjfa-12572	33	13	:	:	PUNCT
cjfa-12572	33	14	internal	internal	ADJ
cjfa-12572	33	15	audit	audit	NOUN
cjfa-12572	33	16	function	function	NOUN
cjfa-12572	33	17	,	,	PUNCT
cjfa-12572	33	18	compliance	compliance	NOUN
cjfa-12572	33	19	function	function	NOUN
cjfa-12572	33	20	and	and	CCONJ
cjfa-12572	33	21	risk	risk	NOUN
cjfa-12572	33	22	management	management	NOUN
cjfa-12572	33	23	function	function	NOUN
cjfa-12572	33	24	,	,	PUNCT
cjfa-12572	33	25	and	and	CCONJ
cjfa-12572	33	26	the	the	DET
cjfa-12572	33	27	last	last	ADJ
cjfa-12572	33	28	one	one	NOUN
cjfa-12572	33	29	was	be	AUX
cjfa-12572	33	30	divided	divide	VERB
cjfa-12572	33	31	into	into	ADP
cjfa-12572	33	32	3	3	NUM
cjfa-12572	33	33	elements	element	NOUN
cjfa-12572	33	34	(	(	PUNCT
cjfa-12572	33	35	antczak	antczak	NOUN
cjfa-12572	33	36	et	et	PROPN
cjfa-12572	33	37	al	al	PROPN
cjfa-12572	33	38	.	.	PROPN
cjfa-12572	33	39	,	,	PUNCT
cjfa-12572	33	40	2013	2013	NUM
cjfa-12572	33	41	,	,	PUNCT
cjfa-12572	33	42	p.	p.	NOUN
cjfa-12572	33	43	21	21	NUM
cjfa-12572	33	44	):	):	PUNCT
cjfa-12572	34	1	■	■	PUNCT
cjfa-12572	34	2	existing	exist	VERB
cjfa-12572	34	3	of	of	ADP
cjfa-12572	34	4	risk	risk	NOUN
cjfa-12572	34	5	management	management	NOUN
cjfa-12572	34	6	function	function	NOUN
cjfa-12572	34	7	;	;	PUNCT
cjfa-12572	34	8	■	■	PUNCT
cjfa-12572	34	9	risk	risk	NOUN
cjfa-12572	34	10	management	management	NOUN
cjfa-12572	34	11	strategy	strategy	NOUN
cjfa-12572	34	12	and	and	CCONJ
cjfa-12572	34	13	system	system	NOUN
cjfa-12572	34	14	;	;	PUNCT
cjfa-12572	34	15	■	■	SYM
cjfa-12572	34	16	effectiveness	effectiveness	NOUN
cjfa-12572	34	17	and	and	CCONJ
cjfa-12572	34	18	risk	risk	NOUN
cjfa-12572	34	19	management	management	NOUN
cjfa-12572	34	20	review	review	NOUN
cjfa-12572	34	21	.	.	PUNCT
cjfa-12572	35	1	all	all	PRON
cjfa-12572	35	2	of	of	ADP
cjfa-12572	35	3	insurance	insurance	NOUN
cjfa-12572	35	4	undertakings	undertaking	NOUN
cjfa-12572	35	5	(	(	PUNCT
cjfa-12572	35	6	59	59	NUM
cjfa-12572	35	7	in	in	ADP
cjfa-12572	35	8	poland	poland	PROPN
cjfa-12572	35	9	in	in	ADP
cjfa-12572	35	10	2012	2012	NUM
cjfa-12572	35	11	)	)	PUNCT
cjfa-12572	35	12	furnished	furnish	VERB
cjfa-12572	35	13	for	for	ADP
cjfa-12572	35	14	bion	bion	NOUN
cjfa-12572	35	15	questions	question	NOUN
cjfa-12572	35	16	,	,	PUNCT
cjfa-12572	35	17	without	without	ADP
cjfa-12572	35	18	foreign	foreign	ADJ
cjfa-12572	35	19	branches	branch	NOUN
cjfa-12572	35	20	,	,	PUNCT
cjfa-12572	35	21	so	so	ADV
cjfa-12572	35	22	all	all	DET
cjfa-12572	35	23	statistic	statistic	ADJ
cjfa-12572	35	24	population	population	NOUN
cjfa-12572	35	25	was	be	AUX
cjfa-12572	35	26	researched	research	VERB
cjfa-12572	35	27	–	–	PUNCT
cjfa-12572	35	28	it	it	PRON
cjfa-12572	35	29	is	be	AUX
cjfa-12572	35	30	definitely	definitely	ADV
cjfa-12572	35	31	rare	rare	ADJ
cjfa-12572	35	32	phenomenon	phenomenon	NOUN
cjfa-12572	35	33	.	.	PUNCT
cjfa-12572	36	1	in	in	ADP
cjfa-12572	36	2	effect	effect	NOUN
cjfa-12572	36	3	,	,	PUNCT
cjfa-12572	36	4	the	the	DET
cjfa-12572	36	5	source	source	NOUN
cjfa-12572	36	6	material	material	NOUN
cjfa-12572	36	7	we	we	PRON
cjfa-12572	36	8	should	should	AUX
cjfa-12572	36	9	assess	assess	VERB
cjfa-12572	36	10	positively	positively	ADV
cjfa-12572	36	11	.	.	PUNCT
cjfa-12572	37	1	the	the	DET
cjfa-12572	37	2	course	course	NOUN
cjfa-12572	37	3	of	of	ADP
cjfa-12572	37	4	the	the	DET
cjfa-12572	37	5	research	research	NOUN
cjfa-12572	37	6	process	process	NOUN
cjfa-12572	37	7	apart	apart	ADV
cjfa-12572	37	8	from	from	ADP
cjfa-12572	37	9	duty	duty	NOUN
cjfa-12572	37	10	of	of	ADP
cjfa-12572	37	11	running	run	VERB
cjfa-12572	37	12	risk	risk	NOUN
cjfa-12572	37	13	management	management	NOUN
cjfa-12572	37	14	system	system	NOUN
cjfa-12572	37	15	in	in	ADP
cjfa-12572	37	16	insurer	insurer	NOUN
cjfa-12572	37	17	,	,	PUNCT
cjfa-12572	37	18	therefore	therefore	ADV
cjfa-12572	37	19	the	the	DET
cjfa-12572	37	20	legislator	legislator	NOUN
cjfa-12572	37	21	requires	require	VERB
cjfa-12572	37	22	rules	rule	NOUN
cjfa-12572	37	23	of	of	ADP
cjfa-12572	37	24	risk	risk	NOUN
cjfa-12572	37	25	management	management	NOUN
cjfa-12572	37	26	,	,	PUNCT
cjfa-12572	37	27	internal	internal	ADJ
cjfa-12572	37	28	control	control	NOUN
cjfa-12572	37	29	and	and	CCONJ
cjfa-12572	37	30	audit	audit	NOUN
cjfa-12572	37	31	,	,	PUNCT
cjfa-12572	37	32	as	as	ADV
cjfa-12572	37	33	well	well	ADV
cjfa-12572	37	34	as	as	ADP
cjfa-12572	37	35	outsourcing	outsource	VERB
cjfa-12572	37	36	in	in	ADP
cjfa-12572	37	37	black	black	ADJ
cjfa-12572	37	38	and	and	CCONJ
cjfa-12572	37	39	white	white	ADJ
cjfa-12572	37	40	,	,	PUNCT
cjfa-12572	37	41	referred	refer	VERB
cjfa-12572	37	42	to	to	ADP
cjfa-12572	37	43	article	article	NOUN
cjfa-12572	37	44	46	46	NUM
cjfa-12572	37	45	(	(	PUNCT
cjfa-12572	37	46	1	1	NUM
cjfa-12572	37	47	)	)	PUNCT
cjfa-12572	37	48	of	of	ADP
cjfa-12572	37	49	act	act	NOUN
cjfa-12572	37	50	.	.	PUNCT
cjfa-12572	38	1	nevertheless	nevertheless	ADV
cjfa-12572	38	2	the	the	DET
cjfa-12572	38	3	duty	duty	NOUN
cjfa-12572	38	4	of	of	ADP
cjfa-12572	38	5	rules	rule	NOUN
cjfa-12572	38	6	above	above	ADV
cjfa-12572	38	7	is	be	AUX
cjfa-12572	38	8	limited	limit	VERB
cjfa-12572	38	9	to	to	ADP
cjfa-12572	38	10	selected	select	VERB
cjfa-12572	38	11	areas	area	NOUN
cjfa-12572	38	12	.	.	PUNCT
cjfa-12572	39	1	according	accord	VERB
cjfa-12572	39	2	to	to	ADP
cjfa-12572	39	3	article	article	NOUN
cjfa-12572	39	4	57	57	NUM
cjfa-12572	39	5	(	(	PUNCT
cjfa-12572	39	6	2	2	NUM
cjfa-12572	39	7	)	)	PUNCT
cjfa-12572	39	8	of	of	ADP
cjfa-12572	39	9	act	act	NOUN
cjfa-12572	39	10	,	,	PUNCT
cjfa-12572	39	11	risk	risk	NOUN
cjfa-12572	39	12	management	management	NOUN
cjfa-12572	39	13	system	system	NOUN
cjfa-12572	39	14	includes	include	VERB
cjfa-12572	39	15	at	at	ADP
cjfa-12572	39	16	the	the	DET
cjfa-12572	39	17	minimum	minimum	NOUN
cjfa-12572	39	18	(	(	PUNCT
cjfa-12572	39	19	ustawa	ustawa	PROPN
cjfa-12572	39	20	o	o	PROPN
cjfa-12572	39	21	działalności	działalności	PROPN
cjfa-12572	39	22	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	39	23	,	,	PUNCT
cjfa-12572	39	24	2015	2015	NUM
cjfa-12572	39	25	):	):	PUNCT
cjfa-12572	39	26	■	■	PUNCT
cjfa-12572	39	27	underwriting	underwriting	NOUN
cjfa-12572	39	28	and	and	CCONJ
cjfa-12572	39	29	reserving	reserving	NOUN
cjfa-12572	39	30	;	;	PUNCT
cjfa-12572	39	31	■	■	PUNCT
cjfa-12572	39	32	asset	asset	NOUN
cjfa-12572	39	33	-	-	PUNCT
cjfa-12572	39	34	liability	liability	NOUN
cjfa-12572	39	35	management	management	NOUN
cjfa-12572	39	36	;	;	PUNCT
cjfa-12572	39	37	■	■	PUNCT
cjfa-12572	39	38	investment	investment	NOUN
cjfa-12572	39	39	risk	risk	NOUN
cjfa-12572	39	40	management	management	NOUN
cjfa-12572	39	41	;	;	PUNCT
cjfa-12572	39	42	■	■	PUNCT
cjfa-12572	39	43	liquidity	liquidity	NOUN
cjfa-12572	39	44	risk	risk	NOUN
cjfa-12572	39	45	management	management	NOUN
cjfa-12572	39	46	;	;	PUNCT
cjfa-12572	39	47	■	■	PUNCT
cjfa-12572	39	48	concentration	concentration	NOUN
cjfa-12572	39	49	risk	risk	NOUN
cjfa-12572	39	50	management	management	NOUN
cjfa-12572	39	51	;	;	PUNCT
cjfa-12572	39	52	■	■	PUNCT
cjfa-12572	39	53	operational	operational	ADJ
cjfa-12572	39	54	risk	risk	NOUN
cjfa-12572	39	55	management	management	NOUN
cjfa-12572	39	56	;	;	PUNCT
cjfa-12572	39	57	■	■	PUNCT
cjfa-12572	39	58	reinsurance	reinsurance	NOUN
cjfa-12572	39	59	and	and	CCONJ
cjfa-12572	39	60	other	other	ADJ
cjfa-12572	39	61	risk	risk	NOUN
cjfa-12572	39	62	mitigation	mitigation	NOUN
cjfa-12572	39	63	techniques	technique	NOUN
cjfa-12572	39	64	.	.	PUNCT
cjfa-12572	40	1	moreover	moreover	ADV
cjfa-12572	40	2	,	,	PUNCT
cjfa-12572	40	3	in	in	ADP
cjfa-12572	40	4	article	article	NOUN
cjfa-12572	40	5	57	57	NUM
cjfa-12572	40	6	(	(	PUNCT
cjfa-12572	40	7	1	1	NUM
cjfa-12572	40	8	)	)	PUNCT
cjfa-12572	40	9	of	of	ADP
cjfa-12572	40	10	act	act	NOUN
cjfa-12572	40	11	it	it	PRON
cjfa-12572	40	12	was	be	AUX
cjfa-12572	40	13	indicated	indicate	VERB
cjfa-12572	40	14	that	that	SCONJ
cjfa-12572	40	15	:	:	PUNCT
cjfa-12572	40	16	“	"	PUNCT
cjfa-12572	40	17	risk	risk	NOUN
cjfa-12572	40	18	management	management	NOUN
cjfa-12572	40	19	system	system	NOUN
cjfa-12572	40	20	includes	include	VERB
cjfa-12572	40	21	risks	risk	NOUN
cjfa-12572	40	22	which	which	DET
cjfa-12572	40	23	insurer	insurer	NOUN
cjfa-12572	40	24	has	have	VERB
cjfa-12572	40	25	to	to	PART
cjfa-12572	40	26	accommodate	accommodate	VERB
cjfa-12572	40	27	in	in	ADP
cjfa-12572	40	28	calculating	calculate	VERB
cjfa-12572	40	29	of	of	ADP
cjfa-12572	40	30	solvency	solvency	NOUN
cjfa-12572	40	31	capital	capital	NOUN
cjfa-12572	40	32	requirement	requirement	NOUN
cjfa-12572	40	33	and	and	CCONJ
cjfa-12572	40	34	these	these	PRON
cjfa-12572	40	35	which	which	PRON
cjfa-12572	40	36	are	be	AUX
cjfa-12572	40	37	partially	partially	ADV
cjfa-12572	40	38	allowing	allow	VERB
cjfa-12572	40	39	for	for	ADP
cjfa-12572	40	40	or	or	CCONJ
cjfa-12572	40	41	which	which	PRON
cjfa-12572	40	42	are	be	AUX
cjfa-12572	40	43	excluding	exclude	VERB
cjfa-12572	40	44	”	"	PUNCT
cjfa-12572	40	45	.	.	PUNCT
cjfa-12572	41	1	we	we	PRON
cjfa-12572	41	2	can	can	AUX
cjfa-12572	41	3	observe	observe	VERB
cjfa-12572	41	4	,	,	PUNCT
cjfa-12572	41	5	that	that	DET
cjfa-12572	41	6	risk	risk	NOUN
cjfa-12572	41	7	management	management	NOUN
cjfa-12572	41	8	system	system	NOUN
cjfa-12572	41	9	in	in	ADP
cjfa-12572	41	10	insurer	insurer	NOUN
cjfa-12572	41	11	,	,	PUNCT
cjfa-12572	41	12	according	accord	VERB
cjfa-12572	41	13	to	to	ADP
cjfa-12572	41	14	the	the	DET
cjfa-12572	41	15	act	act	NOUN
cjfa-12572	41	16	,	,	PUNCT
cjfa-12572	41	17	serves	serve	VERB
cjfa-12572	41	18	as	as	ADP
cjfa-12572	41	19	menial	menial	ADJ
cjfa-12572	41	20	for	for	ADP
cjfa-12572	41	21	insurer	insurer	NOUN
cjfa-12572	41	22	solvency	solvency	NOUN
cjfa-12572	41	23	.	.	PUNCT
cjfa-12572	42	1	the	the	DET
cjfa-12572	42	2	subject	subject	ADJ
cjfa-12572	42	3	matter	matter	NOUN
cjfa-12572	42	4	of	of	ADP
cjfa-12572	42	5	solvency	solvency	NOUN
cjfa-12572	42	6	is	be	AUX
cjfa-12572	42	7	presented	present	VERB
cjfa-12572	42	8	in	in	ADP
cjfa-12572	42	9	detail	detail	NOUN
cjfa-12572	42	10	in	in	ADP
cjfa-12572	42	11	the	the	DET
cjfa-12572	42	12	commission	commission	NOUN
cjfa-12572	42	13	delegated	delegate	VERB
cjfa-12572	42	14	regulation	regulation	NOUN
cjfa-12572	42	15	(	(	PUNCT
cjfa-12572	42	16	eu	eu	NOUN
cjfa-12572	42	17	)	)	PUNCT
cjfa-12572	42	18	2015/35	2015/35	NUM
cjfa-12572	42	19	of	of	ADP
cjfa-12572	42	20	10	10	NUM
cjfa-12572	42	21	october	october	PROPN
cjfa-12572	42	22	2014	2014	NUM
cjfa-12572	42	23	supplementing	supplement	VERB
cjfa-12572	42	24	directive	directive	NOUN
cjfa-12572	42	25	2009/138	2009/138	PROPN
cjfa-12572	42	26	/	/	SYM
cjfa-12572	42	27	ec	ec	PROPN
cjfa-12572	42	28	of	of	ADP
cjfa-12572	42	29	the	the	DET
cjfa-12572	42	30	european	european	ADJ
cjfa-12572	42	31	parliament	parliament	NOUN
cjfa-12572	42	32	and	and	CCONJ
cjfa-12572	42	33	of	of	ADP
cjfa-12572	42	34	the	the	DET
cjfa-12572	42	35	council	council	NOUN
cjfa-12572	42	36	on	on	ADP
cjfa-12572	42	37	the	the	DET
cjfa-12572	42	38	taking	taking	NOUN
cjfa-12572	42	39	-	-	PUNCT
cjfa-12572	42	40	up	up	NOUN
cjfa-12572	42	41	and	and	CCONJ
cjfa-12572	42	42	pursuit	pursuit	NOUN
cjfa-12572	42	43	of	of	ADP
cjfa-12572	42	44	the	the	DET
cjfa-12572	42	45	business	business	NOUN
cjfa-12572	42	46	of	of	ADP
cjfa-12572	42	47	insurance	insurance	NOUN
cjfa-12572	42	48	and	and	CCONJ
cjfa-12572	42	49	reinsurance	reinsurance	NOUN
cjfa-12572	42	50	(	(	PUNCT
cjfa-12572	42	51	solvency	solvency	NOUN
cjfa-12572	42	52	ii	ii	PROPN
cjfa-12572	42	53	)	)	PUNCT
cjfa-12572	42	54	.	.	PUNCT
cjfa-12572	43	1	additionally	additionally	ADV
cjfa-12572	43	2	,	,	PUNCT
cjfa-12572	43	3	to	to	PART
cjfa-12572	43	4	constitute	constitute	VERB
cjfa-12572	43	5	new	new	ADJ
cjfa-12572	43	6	act	act	NOUN
cjfa-12572	43	7	on	on	ADP
cjfa-12572	43	8	business	business	NOUN
cjfa-12572	43	9	of	of	ADP
cjfa-12572	43	10	insurance	insurance	NOUN
cjfa-12572	43	11	was	be	AUX
cjfa-12572	43	12	demanding	demand	VERB
cjfa-12572	43	13	by	by	ADP
cjfa-12572	43	14	obligatory	obligatory	NOUN
cjfa-12572	43	15	of	of	ADP
cjfa-12572	43	16	implementpaweł	implementpaweł	PROPN
cjfa-12572	43	17	dzięcioł76	dzięcioł76	VERB
cjfa-12572	43	18	ing	ing	ADJ
cjfa-12572	43	19	directive	directive	NOUN
cjfa-12572	43	20	2009/138	2009/138	NUM
cjfa-12572	43	21	/	/	SYM
cjfa-12572	43	22	we	we	PRON
cjfa-12572	43	23	of	of	ADP
cjfa-12572	43	24	25/11/2009	25/11/2009	NUM
cjfa-12572	43	25	to	to	ADP
cjfa-12572	43	26	domestic	domestic	ADJ
cjfa-12572	43	27	order	order	NOUN
cjfa-12572	43	28	,	,	PUNCT
cjfa-12572	43	29	which	which	PRON
cjfa-12572	43	30	is	be	AUX
cjfa-12572	43	31	presented	present	VERB
cjfa-12572	43	32	in	in	ADP
cjfa-12572	43	33	reason	reason	NOUN
cjfa-12572	43	34	for	for	ADP
cjfa-12572	43	35	the	the	DET
cjfa-12572	43	36	project	project	NOUN
cjfa-12572	43	37	of	of	ADP
cjfa-12572	43	38	act	act	NOUN
cjfa-12572	43	39	on	on	ADP
cjfa-12572	43	40	business	business	NOUN
cjfa-12572	43	41	of	of	ADP
cjfa-12572	43	42	insurance	insurance	NOUN
cjfa-12572	43	43	(	(	PUNCT
cjfa-12572	43	44	uzasadnienie	uzasadnienie	PROPN
cjfa-12572	43	45	projektu	projektu	NOUN
cjfa-12572	43	46	ustawy	ustawy	NOUN
cjfa-12572	43	47	,	,	PUNCT
cjfa-12572	43	48	2015	2015	NUM
cjfa-12572	43	49	)	)	PUNCT
cjfa-12572	43	50	.	.	PUNCT
cjfa-12572	44	1	and	and	CCONJ
cjfa-12572	44	2	this	this	PRON
cjfa-12572	44	3	is	be	AUX
cjfa-12572	44	4	the	the	DET
cjfa-12572	44	5	reason	reason	NOUN
cjfa-12572	44	6	why	why	SCONJ
cjfa-12572	44	7	interpretation	interpretation	NOUN
cjfa-12572	44	8	of	of	ADP
cjfa-12572	44	9	new	new	ADJ
cjfa-12572	44	10	act	act	NOUN
cjfa-12572	44	11	can	can	AUX
cjfa-12572	44	12	not	not	PART
cjfa-12572	44	13	be	be	AUX
cjfa-12572	44	14	left	leave	VERB
cjfa-12572	44	15	aside	aside	ADV
cjfa-12572	44	16	commission	commission	NOUN
cjfa-12572	44	17	delegated	delegate	VERB
cjfa-12572	44	18	regulation	regulation	NOUN
cjfa-12572	44	19	2015/35	2015/35	NUM
cjfa-12572	44	20	of	of	ADP
cjfa-12572	44	21	10/10/2014	10/10/2014	NUM
cjfa-12572	44	22	.	.	PUNCT
cjfa-12572	45	1	a	a	DET
cjfa-12572	45	2	risk	risk	NOUN
cjfa-12572	45	3	management	management	NOUN
cjfa-12572	45	4	in	in	ADP
cjfa-12572	45	5	insurance	insurance	NOUN
cjfa-12572	45	6	undertaking	undertaking	NOUN
cjfa-12572	45	7	is	be	AUX
cjfa-12572	45	8	still	still	ADV
cjfa-12572	45	9	growing	grow	VERB
cjfa-12572	45	10	in	in	ADP
cjfa-12572	45	11	value	value	NOUN
cjfa-12572	45	12	,	,	PUNCT
cjfa-12572	45	13	especially	especially	ADV
cjfa-12572	45	14	by	by	ADP
cjfa-12572	45	15	the	the	DET
cjfa-12572	45	16	new	new	ADJ
cjfa-12572	45	17	act	act	NOUN
cjfa-12572	45	18	.	.	PUNCT
cjfa-12572	46	1	firstly	firstly	ADV
cjfa-12572	46	2	,	,	PUNCT
cjfa-12572	46	3	executive	executive	ADJ
cjfa-12572	46	4	officer	officer	NOUN
cjfa-12572	46	5	responsible	responsible	ADJ
cjfa-12572	46	6	for	for	ADP
cjfa-12572	46	7	risk	risk	NOUN
cjfa-12572	46	8	management	management	NOUN
cjfa-12572	46	9	has	have	VERB
cjfa-12572	46	10	to	to	PART
cjfa-12572	46	11	know	know	VERB
cjfa-12572	46	12	polish	polish	ADJ
cjfa-12572	46	13	language	language	NOUN
cjfa-12572	46	14	currently	currently	ADV
cjfa-12572	46	15	,	,	PUNCT
cjfa-12572	46	16	apart	apart	ADV
cjfa-12572	46	17	from	from	ADP
cjfa-12572	46	18	a	a	DET
cjfa-12572	46	19	chief	chief	ADJ
cjfa-12572	46	20	executive	executive	ADJ
cjfa-12572	46	21	officer	officer	NOUN
cjfa-12572	46	22	who	who	PRON
cjfa-12572	46	23	had	have	VERB
cjfa-12572	46	24	to	to	PART
cjfa-12572	46	25	(	(	PUNCT
cjfa-12572	46	26	ustawa	ustawa	PROPN
cjfa-12572	46	27	o	o	PROPN
cjfa-12572	46	28	działalności	działalności	PROPN
cjfa-12572	46	29	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	46	30	,	,	PUNCT
cjfa-12572	46	31	2015	2015	NUM
cjfa-12572	46	32	,	,	PUNCT
cjfa-12572	46	33	art	art	NOUN
cjfa-12572	46	34	.	.	PUNCT
cjfa-12572	47	1	50	50	NUM
cjfa-12572	47	2	,	,	PUNCT
cjfa-12572	47	3	ust	ust	PROPN
cjfa-12572	47	4	.	.	NOUN
cjfa-12572	47	5	4	4	NUM
cjfa-12572	47	6	)	)	PUNCT
cjfa-12572	47	7	.	.	PUNCT
cjfa-12572	48	1	secondly	secondly	ADV
cjfa-12572	48	2	,	,	PUNCT
cjfa-12572	48	3	both	both	PRON
cjfa-12572	48	4	of	of	ADP
cjfa-12572	48	5	them	they	PRON
cjfa-12572	48	6	are	be	AUX
cjfa-12572	48	7	obligated	obligate	VERB
cjfa-12572	48	8	to	to	PART
cjfa-12572	48	9	get	get	VERB
cjfa-12572	48	10	professional	professional	ADJ
cjfa-12572	48	11	experience	experience	NOUN
cjfa-12572	48	12	necessitate	necessitate	ADJ
cjfa-12572	48	13	to	to	PART
cjfa-12572	48	14	manage	manage	VERB
cjfa-12572	48	15	insurance	insurance	NOUN
cjfa-12572	48	16	undertaking	undertaking	NOUN
cjfa-12572	48	17	(	(	PUNCT
cjfa-12572	48	18	ustawa	ustawa	PROPN
cjfa-12572	48	19	o	o	PROPN
cjfa-12572	48	20	działalności	działalności	PROPN
cjfa-12572	48	21	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	48	22	,	,	PUNCT
cjfa-12572	48	23	2015	2015	NUM
cjfa-12572	48	24	,	,	PUNCT
cjfa-12572	48	25	art	art	NOUN
cjfa-12572	48	26	.	.	PUNCT
cjfa-12572	49	1	50	50	NUM
cjfa-12572	49	2	,	,	PUNCT
cjfa-12572	49	3	ust	ust	PROPN
cjfa-12572	49	4	.	.	PROPN
cjfa-12572	49	5	6	6	NUM
cjfa-12572	49	6	)	)	PUNCT
cjfa-12572	49	7	.	.	PUNCT
cjfa-12572	50	1	moreover	moreover	ADV
cjfa-12572	50	2	,	,	PUNCT
cjfa-12572	50	3	an	an	DET
cjfa-12572	50	4	appointing	appointing	NOUN
cjfa-12572	50	5	to	to	ADP
cjfa-12572	50	6	a	a	DET
cjfa-12572	50	7	board	board	NOUN
cjfa-12572	50	8	has	have	VERB
cjfa-12572	50	9	to	to	PART
cjfa-12572	50	10	have	have	VERB
cjfa-12572	50	11	supervisory	supervisory	ADJ
cjfa-12572	50	12	office	office	NOUN
cjfa-12572	50	13	assent	assent	NOUN
cjfa-12572	50	14	,	,	PUNCT
cjfa-12572	50	15	referred	refer	VERB
cjfa-12572	50	16	to	to	ADP
cjfa-12572	50	17	article	article	NOUN
cjfa-12572	50	18	51	51	NUM
cjfa-12572	50	19	(	(	PUNCT
cjfa-12572	50	20	1	1	NUM
cjfa-12572	50	21	)	)	PUNCT
cjfa-12572	50	22	(	(	PUNCT
cjfa-12572	50	23	ustawa	ustawa	PROPN
cjfa-12572	50	24	o	o	PROPN
cjfa-12572	50	25	działalności	działalności	PROPN
cjfa-12572	50	26	ubezpieczniowej	ubezpieczniowej	PROPN
cjfa-12572	50	27	,	,	PUNCT
cjfa-12572	50	28	2015	2015	NUM
cjfa-12572	50	29	)	)	PUNCT
cjfa-12572	50	30	.	.	PUNCT
cjfa-12572	51	1	insurance	insurance	NOUN
cjfa-12572	51	2	undertakings	undertaking	NOUN
cjfa-12572	51	3	have	have	VERB
cjfa-12572	51	4	to	to	PART
cjfa-12572	51	5	implement	implement	VERB
cjfa-12572	51	6	effective	effective	ADJ
cjfa-12572	51	7	risk	risk	NOUN
cjfa-12572	51	8	management	management	NOUN
cjfa-12572	51	9	system	system	NOUN
cjfa-12572	51	10	.	.	PUNCT
cjfa-12572	52	1	interestingly	interestingly	ADV
cjfa-12572	52	2	enough	enough	ADV
cjfa-12572	52	3	,	,	PUNCT
cjfa-12572	52	4	the	the	DET
cjfa-12572	52	5	range	range	NOUN
cjfa-12572	52	6	of	of	ADP
cjfa-12572	52	7	system	system	NOUN
cjfa-12572	52	8	should	should	AUX
cjfa-12572	52	9	guarantee	guarantee	VERB
cjfa-12572	52	10	that	that	SCONJ
cjfa-12572	52	11	economic	economic	ADJ
cjfa-12572	52	12	performance	performance	NOUN
cjfa-12572	52	13	.	.	PUNCT
cjfa-12572	53	1	the	the	DET
cjfa-12572	53	2	system	system	NOUN
cjfa-12572	53	3	should	should	AUX
cjfa-12572	53	4	include	include	VERB
cjfa-12572	53	5	a	a	DET
cjfa-12572	53	6	strategy	strategy	NOUN
cjfa-12572	53	7	,	,	PUNCT
cjfa-12572	53	8	processes	process	NOUN
cjfa-12572	53	9	and	and	CCONJ
cjfa-12572	53	10	reporting	report	VERB
cjfa-12572	53	11	procedures	procedure	NOUN
cjfa-12572	53	12	necessary	necessary	ADJ
cjfa-12572	53	13	to	to	PART
cjfa-12572	53	14	risk	risk	NOUN
cjfa-12572	53	15	identify	identify	VERB
cjfa-12572	53	16	,	,	PUNCT
cjfa-12572	53	17	estimate	estimate	VERB
cjfa-12572	53	18	and	and	CCONJ
cjfa-12572	53	19	monitoring	monitoring	NOUN
cjfa-12572	53	20	,	,	PUNCT
cjfa-12572	53	21	as	as	ADV
cjfa-12572	53	22	well	well	ADV
cjfa-12572	53	23	as	as	ADP
cjfa-12572	53	24	risk	risk	NOUN
cjfa-12572	53	25	treatment	treatment	NOUN
cjfa-12572	53	26	and	and	CCONJ
cjfa-12572	53	27	risk	risk	NOUN
cjfa-12572	53	28	reporting	reporting	NOUN
cjfa-12572	53	29	(	(	PUNCT
cjfa-12572	53	30	ustawa	ustawa	PROPN
cjfa-12572	53	31	o	o	PROPN
cjfa-12572	53	32	działalności	działalności	PROPN
cjfa-12572	53	33	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	53	34	,	,	PUNCT
cjfa-12572	53	35	2015	2015	NUM
cjfa-12572	53	36	,	,	PUNCT
cjfa-12572	53	37	art	art	NOUN
cjfa-12572	53	38	.	.	PUNCT
cjfa-12572	54	1	56	56	NUM
cjfa-12572	54	2	,	,	PUNCT
cjfa-12572	54	3	ust	ust	PROPN
cjfa-12572	54	4	.	.	NOUN
cjfa-12572	54	5	1	1	NUM
cjfa-12572	54	6	)	)	PUNCT
cjfa-12572	54	7	.	.	PUNCT
cjfa-12572	55	1	here	here	ADV
cjfa-12572	55	2	,	,	PUNCT
cjfa-12572	55	3	legislator	legislator	NOUN
cjfa-12572	55	4	’s	’s	PART
cjfa-12572	55	5	risk	risk	NOUN
cjfa-12572	55	6	management	management	NOUN
cjfa-12572	55	7	system	system	NOUN
cjfa-12572	55	8	looks	look	VERB
cjfa-12572	55	9	similarly	similarly	ADV
cjfa-12572	55	10	to	to	PART
cjfa-12572	55	11	erm	erm	PROPN
cjfa-12572	55	12	,	,	PUNCT
cjfa-12572	55	13	by	by	ADP
cjfa-12572	55	14	risk	risk	NOUN
cjfa-12572	55	15	management	management	NOUN
cjfa-12572	55	16	process	process	NOUN
cjfa-12572	55	17	(	(	PUNCT
cjfa-12572	55	18	malinowska	malinowska	X
cjfa-12572	55	19	,	,	PUNCT
cjfa-12572	55	20	2011	2011	NUM
cjfa-12572	55	21	,	,	PUNCT
cjfa-12572	55	22	p.	p.	NOUN
cjfa-12572	55	23	64	64	NUM
cjfa-12572	55	24	)	)	PUNCT
cjfa-12572	55	25	.	.	PUNCT
cjfa-12572	56	1	also	also	ADV
cjfa-12572	56	2	,	,	PUNCT
cjfa-12572	56	3	we	we	PRON
cjfa-12572	56	4	can	can	AUX
cjfa-12572	56	5	observe	observe	VERB
cjfa-12572	56	6	deming	deming	NOUN
cjfa-12572	56	7	cycle	cycle	NOUN
cjfa-12572	56	8	–	–	PUNCT
cjfa-12572	56	9	pdca1	pdca1	NOUN
cjfa-12572	56	10	,	,	PUNCT
cjfa-12572	56	11	in	in	ADP
cjfa-12572	56	12	this	this	DET
cjfa-12572	56	13	system	system	NOUN
cjfa-12572	56	14	,	,	PUNCT
cjfa-12572	56	15	which	which	PRON
cjfa-12572	56	16	also	also	ADV
cjfa-12572	56	17	appear	appear	VERB
cjfa-12572	56	18	in	in	ADP
cjfa-12572	56	19	erm	erm	PROPN
cjfa-12572	56	20	.	.	PUNCT
cjfa-12572	57	1	so	so	ADV
cjfa-12572	57	2	this	this	DET
cjfa-12572	57	3	fulfill	fulfill	NOUN
cjfa-12572	57	4	principle	principle	NOUN
cjfa-12572	57	5	rule	rule	NOUN
cjfa-12572	57	6	of	of	ADP
cjfa-12572	57	7	risk	risk	NOUN
cjfa-12572	57	8	management	management	NOUN
cjfa-12572	57	9	process	process	NOUN
cjfa-12572	57	10	–	–	PUNCT
cjfa-12572	57	11	it	it	PRON
cjfa-12572	57	12	should	should	AUX
cjfa-12572	57	13	be	be	AUX
cjfa-12572	57	14	continuous	continuous	ADJ
cjfa-12572	57	15	and	and	CCONJ
cjfa-12572	57	16	cyclic	cyclic	ADJ
cjfa-12572	57	17	(	(	PUNCT
cjfa-12572	57	18	hadyniak	hadyniak	PROPN
cjfa-12572	57	19	,	,	PUNCT
cjfa-12572	57	20	2010	2010	NUM
cjfa-12572	57	21	,	,	PUNCT
cjfa-12572	57	22	p.	p.	NOUN
cjfa-12572	57	23	32	32	NUM
cjfa-12572	57	24	)	)	PUNCT
cjfa-12572	57	25	.	.	PUNCT
cjfa-12572	58	1	furthermore	furthermore	ADV
cjfa-12572	58	2	,	,	PUNCT
cjfa-12572	58	3	the	the	DET
cjfa-12572	58	4	legislator	legislator	NOUN
cjfa-12572	58	5	demands	demand	VERB
cjfa-12572	58	6	,	,	PUNCT
cjfa-12572	58	7	that	that	SCONJ
cjfa-12572	58	8	insurance	insurance	NOUN
cjfa-12572	58	9	takings	taking	NOUN
cjfa-12572	58	10	assure	assure	NOUN
cjfa-12572	58	11	of	of	ADP
cjfa-12572	58	12	effectiveness	effectiveness	NOUN
cjfa-12572	58	13	and	and	CCONJ
cjfa-12572	58	14	proper	proper	ADJ
cjfa-12572	58	15	risk	risk	NOUN
cjfa-12572	58	16	management	management	NOUN
cjfa-12572	58	17	system	system	NOUN
cjfa-12572	58	18	integrated	integrate	VERB
cjfa-12572	58	19	with	with	ADP
cjfa-12572	58	20	organizational	organizational	ADJ
cjfa-12572	58	21	structure	structure	NOUN
cjfa-12572	58	22	and	and	CCONJ
cjfa-12572	58	23	decision	decision	NOUN
cjfa-12572	58	24	-	-	PUNCT
cjfa-12572	58	25	making	make	VERB
cjfa-12572	58	26	process	process	NOUN
cjfa-12572	58	27	,	,	PUNCT
cjfa-12572	58	28	including	include	VERB
cjfa-12572	58	29	executive	executive	ADJ
cjfa-12572	58	30	persons	person	NOUN
cjfa-12572	58	31	(	(	PUNCT
cjfa-12572	58	32	ustawa	ustawa	PROPN
cjfa-12572	58	33	o	o	PROPN
cjfa-12572	58	34	działalności	działalności	PROPN
cjfa-12572	58	35	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	58	36	,	,	PUNCT
cjfa-12572	58	37	2015	2015	NUM
cjfa-12572	58	38	,	,	PUNCT
cjfa-12572	58	39	art	art	NOUN
cjfa-12572	58	40	.	.	PUNCT
cjfa-12572	59	1	56	56	NUM
cjfa-12572	59	2	,	,	PUNCT
cjfa-12572	59	3	ust	ust	PROPN
cjfa-12572	59	4	.	.	NOUN
cjfa-12572	59	5	2	2	NUM
cjfa-12572	59	6	)	)	PUNCT
cjfa-12572	59	7	.	.	PUNCT
cjfa-12572	60	1	in	in	ADP
cjfa-12572	60	2	addition	addition	NOUN
cjfa-12572	60	3	,	,	PUNCT
cjfa-12572	60	4	insurers	insurer	NOUN
cjfa-12572	60	5	are	be	AUX
cjfa-12572	60	6	obliged	oblige	VERB
cjfa-12572	60	7	to	to	PART
cjfa-12572	60	8	make	make	VERB
cjfa-12572	60	9	risk	risk	NOUN
cjfa-12572	60	10	management	management	NOUN
cjfa-12572	60	11	function	function	NOUN
cjfa-12572	60	12	in	in	ADP
cjfa-12572	60	13	facilitating	facilitate	VERB
cjfa-12572	60	14	way	way	NOUN
cjfa-12572	60	15	for	for	ADP
cjfa-12572	60	16	implementing	implement	VERB
cjfa-12572	60	17	system	system	NOUN
cjfa-12572	60	18	(	(	PUNCT
cjfa-12572	60	19	ustawa	ustawa	PROPN
cjfa-12572	60	20	o	o	PROPN
cjfa-12572	60	21	działalności	działalności	PROPN
cjfa-12572	60	22	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	60	23	,	,	PUNCT
cjfa-12572	60	24	2015	2015	NUM
cjfa-12572	60	25	,	,	PUNCT
cjfa-12572	60	26	art	art	NOUN
cjfa-12572	60	27	.	.	PUNCT
cjfa-12572	61	1	60	60	NUM
cjfa-12572	61	2	)	)	PUNCT
cjfa-12572	61	3	.	.	PUNCT
cjfa-12572	62	1	whereas	whereas	ADV
cjfa-12572	62	2	,	,	PUNCT
cjfa-12572	62	3	insurance	insurance	NOUN
cjfa-12572	62	4	undertakings	undertaking	NOUN
cjfa-12572	62	5	comply	comply	VERB
cjfa-12572	62	6	with	with	ADP
cjfa-12572	62	7	internal	internal	ADJ
cjfa-12572	62	8	model	model	NOUN
cjfa-12572	62	9	,	,	PUNCT
cjfa-12572	62	10	according	accord	VERB
cjfa-12572	62	11	to	to	ADP
cjfa-12572	62	12	article	article	NOUN
cjfa-12572	62	13	62	62	NUM
cjfa-12572	62	14	,	,	PUNCT
cjfa-12572	62	15	have	have	VERB
cjfa-12572	62	16	to	to	PART
cjfa-12572	62	17	encompass	encompass	VERB
cjfa-12572	62	18	following	follow	VERB
cjfa-12572	62	19	tasks	task	NOUN
cjfa-12572	62	20	in	in	ADP
cjfa-12572	62	21	risk	risk	NOUN
cjfa-12572	62	22	management	management	NOUN
cjfa-12572	62	23	function	function	NOUN
cjfa-12572	62	24	(	(	PUNCT
cjfa-12572	62	25	ustawa	ustawa	PROPN
cjfa-12572	62	26	o	o	PROPN
cjfa-12572	62	27	działalności	działalności	PROPN
cjfa-12572	62	28	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	62	29	,	,	PUNCT
cjfa-12572	62	30	2015	2015	NUM
cjfa-12572	62	31	):	):	PUNCT
cjfa-12572	62	32	■	■	PUNCT
cjfa-12572	62	33	to	to	PART
cjfa-12572	62	34	prepare	prepare	VERB
cjfa-12572	62	35	and	and	CCONJ
cjfa-12572	62	36	implement	implement	VERB
cjfa-12572	62	37	internal	internal	ADJ
cjfa-12572	62	38	model	model	NOUN
cjfa-12572	62	39	;	;	PUNCT
cjfa-12572	62	40	■	■	PUNCT
cjfa-12572	62	41	to	to	PART
cjfa-12572	62	42	verify	verify	VERB
cjfa-12572	62	43	and	and	CCONJ
cjfa-12572	62	44	validate	validate	VERB
cjfa-12572	62	45	internal	internal	ADJ
cjfa-12572	62	46	model	model	NOUN
cjfa-12572	62	47	;	;	PUNCT
cjfa-12572	62	48	■	■	PUNCT
cjfa-12572	62	49	to	to	PART
cjfa-12572	62	50	prepare	prepare	VERB
cjfa-12572	62	51	internal	internal	ADJ
cjfa-12572	62	52	model	model	NOUN
cjfa-12572	62	53	documentation	documentation	NOUN
cjfa-12572	62	54	and	and	CCONJ
cjfa-12572	62	55	following	follow	VERB
cjfa-12572	62	56	changes	change	NOUN
cjfa-12572	62	57	documentation	documentation	NOUN
cjfa-12572	62	58	;	;	PUNCT
cjfa-12572	62	59	■	■	PUNCT
cjfa-12572	62	60	to	to	PART
cjfa-12572	62	61	analyze	analyze	VERB
cjfa-12572	62	62	internal	internal	ADJ
cjfa-12572	62	63	model	model	NOUN
cjfa-12572	62	64	working	work	VERB
cjfa-12572	62	65	and	and	CCONJ
cjfa-12572	62	66	to	to	PART
cjfa-12572	62	67	prepare	prepare	VERB
cjfa-12572	62	68	reports	report	NOUN
cjfa-12572	62	69	;	;	PUNCT
cjfa-12572	62	70	1	1	NUM
cjfa-12572	62	71	 	 	SPACE
cjfa-12572	62	72	plan	plan	NOUN
cjfa-12572	62	73	–	–	PUNCT
cjfa-12572	62	74	do	do	VERB
cjfa-12572	62	75	–	–	PUNCT
cjfa-12572	62	76	check	check	VERB
cjfa-12572	62	77	–	–	PUNCT
cjfa-12572	62	78	act	act	NOUN
cjfa-12572	62	79	.	.	PUNCT
cjfa-12572	63	1	a	a	DET
cjfa-12572	63	2	risk	risk	NOUN
cjfa-12572	63	3	management	management	NOUN
cjfa-12572	63	4	system	system	NOUN
cjfa-12572	63	5	in	in	ADP
cjfa-12572	63	6	insurance	insurance	NOUN
cjfa-12572	63	7	undertaking	undertake	VERB
cjfa-12572	63	8	77	77	NUM
cjfa-12572	63	9	■	■	PUNCT
cjfa-12572	63	10	to	to	PART
cjfa-12572	63	11	inform	inform	VERB
cjfa-12572	63	12	a	a	DET
cjfa-12572	63	13	board	board	NOUN
cjfa-12572	63	14	of	of	ADP
cjfa-12572	63	15	internal	internal	ADJ
cjfa-12572	63	16	model	model	NOUN
cjfa-12572	63	17	working	work	VERB
cjfa-12572	63	18	,	,	PUNCT
cjfa-12572	63	19	to	to	PART
cjfa-12572	63	20	indicate	indicate	VERB
cjfa-12572	63	21	areas	area	NOUN
cjfa-12572	63	22	to	to	PART
cjfa-12572	63	23	improve	improve	VERB
cjfa-12572	63	24	and	and	CCONJ
cjfa-12572	63	25	to	to	PART
cjfa-12572	63	26	inform	inform	VERB
cjfa-12572	63	27	a	a	DET
cjfa-12572	63	28	board	board	NOUN
cjfa-12572	63	29	currently	currently	ADV
cjfa-12572	63	30	about	about	ADP
cjfa-12572	63	31	foregoing	forego	VERB
cjfa-12572	63	32	cases	case	NOUN
cjfa-12572	63	33	.	.	PUNCT
cjfa-12572	64	1	apart	apart	ADV
cjfa-12572	64	2	from	from	ADP
cjfa-12572	64	3	that	that	PRON
cjfa-12572	64	4	,	,	PUNCT
cjfa-12572	64	5	insurers	insurer	NOUN
cjfa-12572	64	6	have	have	VERB
cjfa-12572	64	7	to	to	PART
cjfa-12572	64	8	ensure	ensure	VERB
cjfa-12572	64	9	risk	risk	NOUN
cjfa-12572	64	10	and	and	CCONJ
cjfa-12572	64	11	solvency	solvency	NOUN
cjfa-12572	64	12	assessment	assessment	NOUN
cjfa-12572	64	13	.	.	PUNCT
cjfa-12572	65	1	referred	refer	VERB
cjfa-12572	65	2	to	to	ADP
cjfa-12572	65	3	article	article	NOUN
cjfa-12572	65	4	63	63	NUM
cjfa-12572	65	5	insurance	insurance	NOUN
cjfa-12572	65	6	undertaking	undertaking	NOUN
cjfa-12572	65	7	assesses	assesse	NOUN
cjfa-12572	65	8	risk	risk	NOUN
cjfa-12572	65	9	and	and	CCONJ
cjfa-12572	65	10	solvency	solvency	NOUN
cjfa-12572	65	11	including	include	VERB
cjfa-12572	65	12	(	(	PUNCT
cjfa-12572	65	13	ustawa	ustawa	PROPN
cjfa-12572	65	14	o	o	PROPN
cjfa-12572	65	15	działalności	działalności	PROPN
cjfa-12572	65	16	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	65	17	,	,	PUNCT
cjfa-12572	65	18	2015	2015	NUM
cjfa-12572	65	19	):	):	PUNCT
cjfa-12572	65	20	■	■	PUNCT
cjfa-12572	65	21	general	general	ADJ
cjfa-12572	65	22	needs	need	VERB
cjfa-12572	65	23	in	in	ADP
cjfa-12572	65	24	scope	scope	NOUN
cjfa-12572	65	25	of	of	ADP
cjfa-12572	65	26	solvency	solvency	NOUN
cjfa-12572	65	27	to	to	PART
cjfa-12572	65	28	allow	allow	VERB
cjfa-12572	65	29	for	for	ADP
cjfa-12572	65	30	specific	specific	ADJ
cjfa-12572	65	31	risk	risk	NOUN
cjfa-12572	65	32	profile	profile	NOUN
cjfa-12572	65	33	,	,	PUNCT
cjfa-12572	65	34	risk	risk	NOUN
cjfa-12572	65	35	tolerance	tolerance	NOUN
cjfa-12572	65	36	limit	limit	NOUN
cjfa-12572	65	37	approved	approve	VERB
cjfa-12572	65	38	and	and	CCONJ
cjfa-12572	65	39	activity	activity	NOUN
cjfa-12572	65	40	strategy	strategy	NOUN
cjfa-12572	65	41	;	;	PUNCT
cjfa-12572	65	42	■	■	PUNCT
cjfa-12572	65	43	current	current	ADJ
cjfa-12572	65	44	compliance	compliance	NOUN
cjfa-12572	65	45	with	with	ADP
cjfa-12572	65	46	solvency	solvency	NOUN
cjfa-12572	65	47	capital	capital	NOUN
cjfa-12572	65	48	requirement	requirement	NOUN
cjfa-12572	65	49	and	and	CCONJ
cjfa-12572	65	50	minimum	minimum	ADJ
cjfa-12572	65	51	capital	capital	NOUN
cjfa-12572	65	52	requirement	requirement	NOUN
cjfa-12572	65	53	as	as	ADV
cjfa-12572	65	54	well	well	ADV
cjfa-12572	65	55	as	as	ADP
cjfa-12572	65	56	requirements	requirement	NOUN
cjfa-12572	65	57	of	of	ADP
cjfa-12572	65	58	technical	technical	ADJ
cjfa-12572	65	59	provisions	provision	NOUN
cjfa-12572	65	60	for	for	ADP
cjfa-12572	65	61	solvency	solvency	NOUN
cjfa-12572	65	62	;	;	PUNCT
cjfa-12572	65	63	■	■	PUNCT
cjfa-12572	65	64	deviation	deviation	NOUN
cjfa-12572	65	65	degree	degree	NOUN
cjfa-12572	65	66	of	of	ADP
cjfa-12572	65	67	solvency	solvency	NOUN
cjfa-12572	65	68	capital	capital	NOUN
cjfa-12572	65	69	requirement	requirement	NOUN
cjfa-12572	65	70	guidelines	guideline	NOUN
cjfa-12572	65	71	by	by	ADP
cjfa-12572	65	72	standard	standard	ADJ
cjfa-12572	65	73	formula	formula	NOUN
cjfa-12572	65	74	or	or	CCONJ
cjfa-12572	65	75	full	full	ADJ
cjfa-12572	65	76	and	and	CCONJ
cjfa-12572	65	77	partial	partial	ADJ
cjfa-12572	65	78	internal	internal	ADJ
cjfa-12572	65	79	model	model	NOUN
cjfa-12572	65	80	used	use	VERB
cjfa-12572	65	81	,	,	PUNCT
cjfa-12572	65	82	for	for	ADP
cjfa-12572	65	83	risk	risk	NOUN
cjfa-12572	65	84	profile	profile	NOUN
cjfa-12572	65	85	insurance	insurance	NOUN
cjfa-12572	65	86	undertaking	undertaking	NOUN
cjfa-12572	65	87	.	.	PUNCT
cjfa-12572	66	1	on	on	ADP
cjfa-12572	66	2	the	the	DET
cjfa-12572	66	3	other	other	ADJ
cjfa-12572	66	4	hands	hand	NOUN
cjfa-12572	66	5	,	,	PUNCT
cjfa-12572	66	6	referred	refer	VERB
cjfa-12572	66	7	to	to	ADP
cjfa-12572	66	8	article	article	NOUN
cjfa-12572	66	9	63	63	NUM
cjfa-12572	66	10	(	(	PUNCT
cjfa-12572	66	11	2	2	NUM
cjfa-12572	66	12	)	)	PUNCT
cjfa-12572	66	13	a	a	DET
cjfa-12572	66	14	risk	risk	NOUN
cjfa-12572	66	15	and	and	CCONJ
cjfa-12572	66	16	solvency	solvency	NOUN
cjfa-12572	66	17	assessment	assessment	NOUN
cjfa-12572	66	18	for	for	ADP
cjfa-12572	66	19	mutual	mutual	ADJ
cjfa-12572	66	20	undertakings	undertaking	NOUN
cjfa-12572	66	21	,	,	PUNCT
cjfa-12572	66	22	has	have	AUX
cjfa-12572	66	23	extended	extend	VERB
cjfa-12572	66	24	by	by	ADP
cjfa-12572	66	25	current	current	ADJ
cjfa-12572	66	26	compliance	compliance	NOUN
cjfa-12572	66	27	with	with	ADP
cjfa-12572	66	28	solvency	solvency	NOUN
cjfa-12572	66	29	technical	technical	ADJ
cjfa-12572	66	30	provisions	provision	NOUN
cjfa-12572	66	31	demands	demand	NOUN
cjfa-12572	66	32	and	and	CCONJ
cjfa-12572	66	33	with	with	ADP
cjfa-12572	66	34	preparing	prepare	VERB
cjfa-12572	66	35	forecast	forecast	NOUN
cjfa-12572	66	36	of	of	ADP
cjfa-12572	66	37	gross	gross	ADJ
cjfa-12572	66	38	premium	premium	NOUN
cjfa-12572	66	39	written	write	VERB
cjfa-12572	66	40	for	for	ADP
cjfa-12572	66	41	five	five	NUM
cjfa-12572	66	42	following	follow	VERB
cjfa-12572	66	43	years	year	NOUN
cjfa-12572	66	44	(	(	PUNCT
cjfa-12572	66	45	ustawa	ustawa	PROPN
cjfa-12572	66	46	o	o	PROPN
cjfa-12572	66	47	działalności	działalności	PROPN
cjfa-12572	66	48	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	66	49	,	,	PUNCT
cjfa-12572	66	50	2015	2015	NUM
cjfa-12572	66	51	)	)	PUNCT
cjfa-12572	66	52	.	.	PUNCT
cjfa-12572	67	1	insurance	insurance	NOUN
cjfa-12572	67	2	and	and	CCONJ
cjfa-12572	67	3	reinsurance	reinsurance	NOUN
cjfa-12572	67	4	undertakings	undertaking	NOUN
cjfa-12572	67	5	are	be	AUX
cjfa-12572	67	6	obliged	oblige	VERB
cjfa-12572	67	7	to	to	PART
cjfa-12572	67	8	carry	carry	VERB
cjfa-12572	67	9	out	out	ADP
cjfa-12572	67	10	own	own	ADJ
cjfa-12572	67	11	risk	risk	NOUN
cjfa-12572	67	12	and	and	CCONJ
cjfa-12572	67	13	solvency	solvency	NOUN
cjfa-12572	67	14	assessment	assessment	NOUN
cjfa-12572	67	15	annually	annually	ADV
cjfa-12572	67	16	or	or	CCONJ
cjfa-12572	67	17	after	after	ADP
cjfa-12572	67	18	crucial	crucial	ADJ
cjfa-12572	67	19	changes	change	NOUN
cjfa-12572	67	20	appearance	appearance	NOUN
cjfa-12572	67	21	with	with	ADP
cjfa-12572	67	22	no	no	DET
cjfa-12572	67	23	delay	delay	NOUN
cjfa-12572	67	24	.	.	PUNCT
cjfa-12572	68	1	furthermore	furthermore	ADV
cjfa-12572	68	2	,	,	PUNCT
cjfa-12572	68	3	they	they	PRON
cjfa-12572	68	4	have	have	VERB
cjfa-12572	68	5	to	to	PART
cjfa-12572	68	6	inform	inform	VERB
cjfa-12572	68	7	supervisory	supervisory	ADJ
cjfa-12572	68	8	office	office	NOUN
cjfa-12572	68	9	about	about	ADP
cjfa-12572	68	10	effects	effect	NOUN
cjfa-12572	68	11	of	of	ADP
cjfa-12572	68	12	assessment	assessment	NOUN
cjfa-12572	68	13	referred	refer	VERB
cjfa-12572	68	14	to	to	ADP
cjfa-12572	68	15	article	article	NOUN
cjfa-12572	68	16	63	63	NUM
cjfa-12572	68	17	.	.	PUNCT
cjfa-12572	69	1	to	to	PART
cjfa-12572	69	2	sum	sum	VERB
cjfa-12572	69	3	up	up	ADP
cjfa-12572	69	4	,	,	PUNCT
cjfa-12572	69	5	previous	previous	ADJ
cjfa-12572	69	6	insurance	insurance	NOUN
cjfa-12572	69	7	and	and	CCONJ
cjfa-12572	69	8	reinsurance	reinsurance	NOUN
cjfa-12572	69	9	act	act	NOUN
cjfa-12572	69	10	took	take	VERB
cjfa-12572	69	11	into	into	ADP
cjfa-12572	69	12	consideration	consideration	NOUN
cjfa-12572	69	13	only	only	ADV
cjfa-12572	69	14	insurance	insurance	NOUN
cjfa-12572	69	15	risk	risk	NOUN
cjfa-12572	69	16	(	(	PUNCT
cjfa-12572	69	17	ustawa	ustawa	PROPN
cjfa-12572	69	18	o	o	PROPN
cjfa-12572	69	19	działalności	działalności	PROPN
cjfa-12572	69	20	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	69	21	,	,	PUNCT
cjfa-12572	69	22	2003	2003	NUM
cjfa-12572	69	23	)	)	PUNCT
cjfa-12572	69	24	.	.	PUNCT
cjfa-12572	70	1	while	while	SCONJ
cjfa-12572	70	2	new	new	ADJ
cjfa-12572	70	3	act	act	NOUN
cjfa-12572	70	4	distinguishes	distinguish	VERB
cjfa-12572	70	5	a	a	DET
cjfa-12572	70	6	few	few	ADJ
cjfa-12572	70	7	kind	kind	NOUN
cjfa-12572	70	8	of	of	ADP
cjfa-12572	70	9	risk	risk	NOUN
cjfa-12572	70	10	at	at	ADP
cjfa-12572	70	11	least	least	ADJ
cjfa-12572	70	12	.	.	PUNCT
cjfa-12572	71	1	for	for	ADP
cjfa-12572	71	2	example	example	NOUN
cjfa-12572	71	3	insurance	insurance	NOUN
cjfa-12572	71	4	risk	risk	NOUN
cjfa-12572	71	5	,	,	PUNCT
cjfa-12572	71	6	concentration	concentration	NOUN
cjfa-12572	71	7	risk	risk	NOUN
cjfa-12572	71	8	,	,	PUNCT
cjfa-12572	71	9	operation	operation	NOUN
cjfa-12572	71	10	risk	risk	NOUN
cjfa-12572	71	11	,	,	PUNCT
cjfa-12572	71	12	solvency	solvency	NOUN
cjfa-12572	71	13	risk	risk	NOUN
cjfa-12572	71	14	and	and	CCONJ
cjfa-12572	71	15	investment	investment	NOUN
cjfa-12572	71	16	risk	risk	NOUN
cjfa-12572	71	17	.	.	PUNCT
cjfa-12572	72	1	definition	definition	NOUN
cjfa-12572	72	2	of	of	ADP
cjfa-12572	72	3	management	management	NOUN
cjfa-12572	72	4	system	system	NOUN
cjfa-12572	72	5	and	and	CCONJ
cjfa-12572	72	6	its	its	PRON
cjfa-12572	72	7	working	work	VERB
cjfa-12572	72	8	demand	demand	NOUN
cjfa-12572	72	9	is	be	AUX
cjfa-12572	72	10	the	the	DET
cjfa-12572	72	11	next	next	ADJ
cjfa-12572	72	12	news	news	NOUN
cjfa-12572	72	13	in	in	ADP
cjfa-12572	72	14	act	act	NOUN
cjfa-12572	72	15	of	of	ADP
cjfa-12572	72	16	2015	2015	NUM
cjfa-12572	72	17	.	.	PUNCT
cjfa-12572	73	1	in	in	ADP
cjfa-12572	73	2	comparison	comparison	NOUN
cjfa-12572	73	3	to	to	ADP
cjfa-12572	73	4	preceding	precede	VERB
cjfa-12572	73	5	and	and	CCONJ
cjfa-12572	73	6	actual	actual	ADJ
cjfa-12572	73	7	act	act	NOUN
cjfa-12572	73	8	,	,	PUNCT
cjfa-12572	73	9	the	the	DET
cjfa-12572	73	10	old	old	ADJ
cjfa-12572	73	11	one	one	NOUN
cjfa-12572	73	12	brought	bring	VERB
cjfa-12572	73	13	up	up	ADP
cjfa-12572	73	14	only	only	ADV
cjfa-12572	73	15	“	"	PUNCT
cjfa-12572	73	16	activity	activity	NOUN
cjfa-12572	73	17	plan	plan	NOUN
cjfa-12572	73	18	”	"	PUNCT
cjfa-12572	73	19	.	.	PUNCT
cjfa-12572	74	1	however	however	ADV
cjfa-12572	74	2	,	,	PUNCT
cjfa-12572	74	3	the	the	DET
cjfa-12572	74	4	new	new	ADJ
cjfa-12572	74	5	one	one	NUM
cjfa-12572	74	6	issues	issue	NOUN
cjfa-12572	74	7	definitely	definitely	ADV
cjfa-12572	74	8	the	the	DET
cjfa-12572	74	9	more	more	ADV
cjfa-12572	74	10	demanding	demanding	ADJ
cjfa-12572	74	11	challenge	challenge	NOUN
cjfa-12572	74	12	.	.	PUNCT
cjfa-12572	75	1	to	to	PART
cjfa-12572	75	2	institute	institute	VERB
cjfa-12572	75	3	management	management	NOUN
cjfa-12572	75	4	function	function	NOUN
cjfa-12572	75	5	is	be	AUX
cjfa-12572	75	6	a	a	DET
cjfa-12572	75	7	principal	principal	ADJ
cjfa-12572	75	8	task	task	NOUN
cjfa-12572	75	9	for	for	ADP
cjfa-12572	75	10	insurance	insurance	NOUN
cjfa-12572	75	11	undertakings	undertaking	NOUN
cjfa-12572	75	12	.	.	PUNCT
cjfa-12572	76	1	the	the	DET
cjfa-12572	76	2	legislator	legislator	NOUN
cjfa-12572	76	3	demands	demand	VERB
cjfa-12572	76	4	also	also	ADV
cjfa-12572	76	5	that	that	SCONJ
cjfa-12572	76	6	this	this	DET
cjfa-12572	76	7	function	function	NOUN
cjfa-12572	76	8	should	should	AUX
cjfa-12572	76	9	be	be	AUX
cjfa-12572	76	10	realized	realize	VERB
cjfa-12572	76	11	on	on	ADP
cjfa-12572	76	12	adequate	adequate	ADJ
cjfa-12572	76	13	organizational	organizational	ADJ
cjfa-12572	76	14	level	level	NOUN
cjfa-12572	76	15	–	–	PUNCT
cjfa-12572	76	16	a	a	DET
cjfa-12572	76	17	board	board	NOUN
cjfa-12572	76	18	.	.	PUNCT
cjfa-12572	77	1	additionally	additionally	ADV
cjfa-12572	77	2	,	,	PUNCT
cjfa-12572	77	3	insurance	insurance	NOUN
cjfa-12572	77	4	undertakings	undertaking	NOUN
cjfa-12572	77	5	are	be	AUX
cjfa-12572	77	6	obligated	obligate	VERB
cjfa-12572	77	7	to	to	PART
cjfa-12572	77	8	ensure	ensure	VERB
cjfa-12572	77	9	not	not	PART
cjfa-12572	77	10	only	only	ADV
cjfa-12572	77	11	to	to	ADP
cjfa-12572	77	12	the	the	DET
cjfa-12572	77	13	function	function	NOUN
cjfa-12572	77	14	,	,	PUNCT
cjfa-12572	77	15	but	but	CCONJ
cjfa-12572	77	16	also	also	ADV
cjfa-12572	77	17	effectiveness	effectiveness	NOUN
cjfa-12572	77	18	of	of	ADP
cjfa-12572	77	19	risk	risk	NOUN
cjfa-12572	77	20	management	management	NOUN
cjfa-12572	77	21	system	system	NOUN
cjfa-12572	77	22	.	.	PUNCT
cjfa-12572	78	1	for	for	ADP
cjfa-12572	78	2	this	this	DET
cjfa-12572	78	3	reason	reason	NOUN
cjfa-12572	78	4	a	a	DET
cjfa-12572	78	5	system	system	NOUN
cjfa-12572	78	6	range	range	NOUN
cjfa-12572	78	7	and	and	CCONJ
cjfa-12572	78	8	own	own	ADJ
cjfa-12572	78	9	risk	risk	NOUN
cjfa-12572	78	10	and	and	CCONJ
cjfa-12572	78	11	solvency	solvency	NOUN
cjfa-12572	78	12	assessment	assessment	NOUN
cjfa-12572	78	13	was	be	AUX
cjfa-12572	78	14	defined	define	VERB
cjfa-12572	78	15	.	.	PUNCT
cjfa-12572	79	1	furthermore	furthermore	ADV
cjfa-12572	79	2	,	,	PUNCT
cjfa-12572	79	3	they	they	PRON
cjfa-12572	79	4	were	be	AUX
cjfa-12572	79	5	burdened	burden	VERB
cjfa-12572	79	6	with	with	ADP
cjfa-12572	79	7	the	the	DET
cjfa-12572	79	8	responsibility	responsibility	NOUN
cjfa-12572	79	9	to	to	PART
cjfa-12572	79	10	report	report	VERB
cjfa-12572	79	11	effects	effect	NOUN
cjfa-12572	79	12	of	of	ADP
cjfa-12572	79	13	own	own	ADJ
cjfa-12572	79	14	risk	risk	NOUN
cjfa-12572	79	15	and	and	CCONJ
cjfa-12572	79	16	solvency	solvency	NOUN
cjfa-12572	79	17	assessment	assessment	NOUN
cjfa-12572	79	18	,	,	PUNCT
cjfa-12572	79	19	to	to	ADP
cjfa-12572	79	20	supervisory	supervisory	ADJ
cjfa-12572	79	21	office	office	NOUN
cjfa-12572	79	22	.	.	PUNCT
cjfa-12572	80	1	we	we	PRON
cjfa-12572	80	2	should	should	AUX
cjfa-12572	80	3	underline	underline	VERB
cjfa-12572	80	4	that	that	DET
cjfa-12572	80	5	risk	risk	NOUN
cjfa-12572	80	6	management	management	NOUN
cjfa-12572	80	7	system	system	NOUN
cjfa-12572	80	8	by	by	ADP
cjfa-12572	80	9	the	the	DET
cjfa-12572	80	10	legislator	legislator	NOUN
cjfa-12572	80	11	is	be	AUX
cjfa-12572	80	12	defipaweł	defipaweł	VERB
cjfa-12572	80	13	dzięcioł78	dzięcioł78	NOUN
cjfa-12572	80	14	nitely	nitely	ADV
cjfa-12572	80	15	different	different	ADJ
cjfa-12572	80	16	from	from	ADP
cjfa-12572	80	17	best	good	ADJ
cjfa-12572	80	18	practices	practice	NOUN
cjfa-12572	80	19	and	and	CCONJ
cjfa-12572	80	20	standards	standard	NOUN
cjfa-12572	80	21	,	,	PUNCT
cjfa-12572	80	22	and	and	CCONJ
cjfa-12572	80	23	it	it	PRON
cjfa-12572	80	24	is	be	AUX
cjfa-12572	80	25	referred	refer	VERB
cjfa-12572	80	26	to	to	ADP
cjfa-12572	80	27	solvency	solvency	PROPN
cjfa-12572	80	28	ii	ii	PROPN
cjfa-12572	80	29	and	and	CCONJ
cjfa-12572	80	30	commission	commission	NOUN
cjfa-12572	80	31	delegated	delegate	VERB
cjfa-12572	80	32	regulation	regulation	NOUN
cjfa-12572	80	33	of	of	ADP
cjfa-12572	80	34	10/10/2014	10/10/2014	NUM
cjfa-12572	80	35	.	.	PUNCT
cjfa-12572	81	1	the	the	DET
cjfa-12572	81	2	aim	aim	NOUN
cjfa-12572	81	3	of	of	ADP
cjfa-12572	81	4	risk	risk	NOUN
cjfa-12572	81	5	management	management	NOUN
cjfa-12572	81	6	from	from	ADP
cjfa-12572	81	7	the	the	DET
cjfa-12572	81	8	act	act	NOUN
cjfa-12572	81	9	is	be	AUX
cjfa-12572	81	10	solvency	solvency	NOUN
cjfa-12572	81	11	support	support	NOUN
cjfa-12572	81	12	to	to	ADP
cjfa-12572	81	13	insurance	insurance	NOUN
cjfa-12572	81	14	undertaking	undertaking	NOUN
cjfa-12572	81	15	,	,	PUNCT
cjfa-12572	81	16	which	which	PRON
cjfa-12572	81	17	obviously	obviously	ADV
cjfa-12572	81	18	differs	differ	VERB
cjfa-12572	81	19	from	from	ADP
cjfa-12572	81	20	enterprise	enterprise	NOUN
cjfa-12572	81	21	risk	risk	NOUN
cjfa-12572	81	22	management	management	NOUN
cjfa-12572	81	23	(	(	PUNCT
cjfa-12572	81	24	erm	erm	PROPN
cjfa-12572	81	25	)	)	PUNCT
cjfa-12572	81	26	goals	goal	NOUN
cjfa-12572	81	27	.	.	PUNCT
cjfa-12572	82	1	in	in	ADP
cjfa-12572	82	2	addition	addition	NOUN
cjfa-12572	82	3	,	,	PUNCT
cjfa-12572	82	4	erm	erm	PROPN
cjfa-12572	82	5	standards	standard	NOUN
cjfa-12572	82	6	(	(	PUNCT
cjfa-12572	82	7	e.g.	e.g.	ADV
cjfa-12572	82	8	iso	iso	NOUN
cjfa-12572	82	9	31000	31000	NUM
cjfa-12572	82	10	)	)	PUNCT
cjfa-12572	82	11	base	base	NOUN
cjfa-12572	82	12	on	on	ADP
cjfa-12572	82	13	voluntary	voluntary	ADJ
cjfa-12572	82	14	character	character	NOUN
cjfa-12572	82	15	(	(	PUNCT
cjfa-12572	82	16	iso	iso	PROPN
cjfa-12572	82	17	31000	31000	NUM
cjfa-12572	82	18	is	be	AUX
cjfa-12572	82	19	not	not	PART
cjfa-12572	82	20	even	even	ADV
cjfa-12572	82	21	certify	certify	VERB
cjfa-12572	82	22	)	)	PUNCT
cjfa-12572	82	23	,	,	PUNCT
cjfa-12572	82	24	but	but	CCONJ
cjfa-12572	82	25	in	in	ADP
cjfa-12572	82	26	the	the	DET
cjfa-12572	82	27	act	act	NOUN
cjfa-12572	82	28	of	of	ADP
cjfa-12572	82	29	11/09/2015	11/09/2015	NUM
cjfa-12572	82	30	we	we	PRON
cjfa-12572	82	31	meet	meet	VERB
cjfa-12572	82	32	with	with	ADP
cjfa-12572	82	33	(	(	PUNCT
cjfa-12572	82	34	bounden	bounden	ADJ
cjfa-12572	82	35	)	)	PUNCT
cjfa-12572	82	36	duty	duty	NOUN
cjfa-12572	82	37	.	.	PUNCT
cjfa-12572	83	1	a	a	DET
cjfa-12572	83	2	basic	basic	ADJ
cjfa-12572	83	3	ratio	ratio	NOUN
cjfa-12572	83	4	for	for	ADP
cjfa-12572	83	5	insurance	insurance	NOUN
cjfa-12572	83	6	and	and	CCONJ
cjfa-12572	83	7	reinsurance	reinsurance	NOUN
cjfa-12572	83	8	undertakings	undertaking	NOUN
cjfa-12572	83	9	are	be	AUX
cjfa-12572	83	10	solvency	solvency	NOUN
cjfa-12572	83	11	capital	capital	NOUN
cjfa-12572	83	12	requirement	requirement	NOUN
cjfa-12572	83	13	(	(	PUNCT
cjfa-12572	83	14	below	below	ADV
cjfa-12572	83	15	:	:	PUNCT
cjfa-12572	83	16	scr	scr	NOUN
cjfa-12572	83	17	)	)	PUNCT
cjfa-12572	83	18	according	accord	VERB
cjfa-12572	83	19	to	to	ADP
cjfa-12572	83	20	commission	commission	NOUN
cjfa-12572	83	21	delegated	delegate	VERB
cjfa-12572	83	22	regulation	regulation	NOUN
cjfa-12572	83	23	of	of	ADP
cjfa-12572	83	24	10/10/2014	10/10/2014	NUM
cjfa-12572	83	25	.	.	PUNCT
cjfa-12572	84	1	even	even	ADV
cjfa-12572	84	2	though	though	ADV
cjfa-12572	84	3	,	,	PUNCT
cjfa-12572	84	4	scr	scr	NOUN
cjfa-12572	84	5	is	be	AUX
cjfa-12572	84	6	not	not	PART
cjfa-12572	84	7	traditional	traditional	ADJ
cjfa-12572	84	8	risk	risk	NOUN
cjfa-12572	84	9	ratio	ratio	NOUN
cjfa-12572	84	10	and	and	CCONJ
cjfa-12572	84	11	it	it	PRON
cjfa-12572	84	12	is	be	AUX
cjfa-12572	84	13	not	not	PART
cjfa-12572	84	14	inform	inform	VERB
cjfa-12572	84	15	about	about	ADP
cjfa-12572	84	16	risk	risk	NOUN
cjfa-12572	84	17	level	level	NOUN
cjfa-12572	84	18	,	,	PUNCT
cjfa-12572	84	19	still	still	ADV
cjfa-12572	84	20	scr	scr	NOUN
cjfa-12572	84	21	allows	allow	VERB
cjfa-12572	84	22	for	for	ADP
cjfa-12572	84	23	right	right	ADJ
cjfa-12572	84	24	risk	risk	NOUN
cjfa-12572	84	25	module	module	NOUN
cjfa-12572	84	26	(	(	PUNCT
cjfa-12572	84	27	type	type	NOUN
cjfa-12572	84	28	)	)	PUNCT
cjfa-12572	84	29	.	.	PUNCT
cjfa-12572	85	1	now	now	ADV
cjfa-12572	85	2	then	then	ADV
cjfa-12572	85	3	,	,	PUNCT
cjfa-12572	85	4	to	to	PART
cjfa-12572	85	5	assess	assess	VERB
cjfa-12572	85	6	minimal	minimal	ADJ
cjfa-12572	85	7	capital	capital	NOUN
cjfa-12572	85	8	requirement	requirement	NOUN
cjfa-12572	85	9	for	for	ADP
cjfa-12572	85	10	right	right	ADJ
cjfa-12572	85	11	module	module	NOUN
cjfa-12572	85	12	is	be	AUX
cjfa-12572	85	13	the	the	DET
cjfa-12572	85	14	main	main	ADJ
cjfa-12572	85	15	goal	goal	NOUN
cjfa-12572	85	16	.	.	PUNCT
cjfa-12572	86	1	and	and	CCONJ
cjfa-12572	86	2	we	we	PRON
cjfa-12572	86	3	can	can	AUX
cjfa-12572	86	4	to	to	PART
cjfa-12572	86	5	simplify	simplify	VERB
cjfa-12572	86	6	that	that	SCONJ
cjfa-12572	86	7	it	it	PRON
cjfa-12572	86	8	is	be	AUX
cjfa-12572	86	9	minimal	minimal	ADJ
cjfa-12572	86	10	capital	capital	NOUN
cjfa-12572	86	11	security	security	NOUN
cjfa-12572	86	12	level	level	NOUN
cjfa-12572	86	13	for	for	ADP
cjfa-12572	86	14	risk	risk	NOUN
cjfa-12572	86	15	taking	taking	NOUN
cjfa-12572	86	16	.	.	PUNCT
cjfa-12572	87	1	in	in	ADP
cjfa-12572	87	2	article	article	NOUN
cjfa-12572	87	3	37	37	NUM
cjfa-12572	87	4	(	(	PUNCT
cjfa-12572	87	5	1	1	X
cjfa-12572	87	6	)	)	PUNCT
cjfa-12572	87	7	there	there	PRON
cjfa-12572	87	8	is	be	VERB
cjfa-12572	87	9	a	a	DET
cjfa-12572	87	10	risk	risk	NOUN
cjfa-12572	87	11	margin	margin	NOUN
cjfa-12572	87	12	(	(	PUNCT
cjfa-12572	87	13	rm	rm	NOUN
cjfa-12572	87	14	)	)	PUNCT
cjfa-12572	87	15	formula	formula	NOUN
cjfa-12572	87	16	for	for	ADP
cjfa-12572	87	17	portfolio	portfolio	NOUN
cjfa-12572	87	18	of	of	ADP
cjfa-12572	87	19	insurance	insurance	NOUN
cjfa-12572	87	20	and	and	CCONJ
cjfa-12572	87	21	reinsurance	reinsurance	NOUN
cjfa-12572	87	22	obligations	obligation	NOUN
cjfa-12572	87	23	(	(	PUNCT
cjfa-12572	87	24	commission	commission	NOUN
cjfa-12572	87	25	delegated	delegate	VERB
cjfa-12572	87	26	regulation	regulation	NOUN
cjfa-12572	87	27	of	of	ADP
cjfa-12572	87	28	10/10/2014	10/10/2014	NUM
cjfa-12572	87	29	)	)	PUNCT
cjfa-12572	87	30	.	.	PUNCT
cjfa-12572	88	1	according	accord	VERB
cjfa-12572	88	2	to	to	ADP
cjfa-12572	88	3	above	above	ADV
cjfa-12572	88	4	,	,	PUNCT
cjfa-12572	88	5	risk	risk	NOUN
cjfa-12572	88	6	margin	margin	NOUN
cjfa-12572	88	7	for	for	ADP
cjfa-12572	88	8	insurance	insurance	NOUN
cjfa-12572	88	9	undertaking	undertaking	NOUN
cjfa-12572	88	10	is	be	AUX
cjfa-12572	88	11	a	a	DET
cjfa-12572	88	12	product	product	NOUN
cjfa-12572	88	13	of	of	ADP
cjfa-12572	88	14	cost	cost	NOUN
cjfa-12572	88	15	-	-	PUNCT
cjfa-12572	88	16	of	of	ADP
cjfa-12572	88	17	-	-	PUNCT
cjfa-12572	88	18	capital	capital	NOUN
cjfa-12572	88	19	rate	rate	NOUN
cjfa-12572	88	20	and	and	CCONJ
cjfa-12572	88	21	quotient	quotient	NOUN
cjfa-12572	88	22	of	of	ADP
cjfa-12572	88	23	solvency	solvency	NOUN
cjfa-12572	88	24	capital	capital	NOUN
cjfa-12572	88	25	requirement	requirement	NOUN
cjfa-12572	88	26	and	and	CCONJ
cjfa-12572	88	27	basic	basic	ADJ
cjfa-12572	88	28	risk	risk	NOUN
cjfa-12572	88	29	-	-	PUNCT
cjfa-12572	88	30	free	free	ADJ
cjfa-12572	88	31	rate	rate	NOUN
cjfa-12572	88	32	sum	sum	NOUN
cjfa-12572	88	33	.	.	PUNCT
cjfa-12572	89	1	in	in	ADP
cjfa-12572	89	2	article	article	NOUN
cjfa-12572	89	3	39	39	NUM
cjfa-12572	89	4	the	the	DET
cjfa-12572	89	5	cost	cost	NOUN
cjfa-12572	89	6	-	-	PUNCT
cjfa-12572	89	7	of	of	ADP
cjfa-12572	89	8	-	-	PUNCT
cjfa-12572	89	9	capital	capital	NOUN
cjfa-12572	89	10	rate	rate	NOUN
cjfa-12572	89	11	amount	amount	NOUN
cjfa-12572	89	12	up	up	ADP
cjfa-12572	89	13	to	to	PART
cjfa-12572	89	14	6	6	NUM
cjfa-12572	89	15	%	%	NOUN
cjfa-12572	89	16	was	be	AUX
cjfa-12572	89	17	established	establish	VERB
cjfa-12572	89	18	.	.	PUNCT
cjfa-12572	90	1	in	in	ADP
cjfa-12572	90	2	addition	addition	NOUN
cjfa-12572	90	3	,	,	PUNCT
cjfa-12572	90	4	risk	risk	NOUN
cjfa-12572	90	5	margin	margin	NOUN
cjfa-12572	90	6	allocation	allocation	NOUN
cjfa-12572	90	7	runs	run	VERB
cjfa-12572	90	8	directly	directly	ADV
cjfa-12572	90	9	with	with	ADP
cjfa-12572	90	10	right	right	ADJ
cjfa-12572	90	11	business	business	NOUN
cjfa-12572	90	12	line	line	NOUN
cjfa-12572	90	13	–	–	PUNCT
cjfa-12572	90	14	group	group	NOUN
cjfa-12572	90	15	of	of	ADP
cjfa-12572	90	16	risk	risk	NOUN
cjfa-12572	90	17	.	.	PUNCT
cjfa-12572	91	1	the	the	DET
cjfa-12572	91	2	formula	formula	NOUN
cjfa-12572	91	3	of	of	ADP
cjfa-12572	91	4	basic	basic	ADJ
cjfa-12572	91	5	solvency	solvency	NOUN
cjfa-12572	91	6	capital	capital	NOUN
cjfa-12572	91	7	requirement	requirement	NOUN
cjfa-12572	91	8	(	(	PUNCT
cjfa-12572	91	9	scr	scr	NOUN
cjfa-12572	91	10	basic	basic	NOUN
cjfa-12572	91	11	)	)	PUNCT
cjfa-12572	91	12	was	be	AUX
cjfa-12572	91	13	defined	define	VERB
cjfa-12572	91	14	in	in	ADP
cjfa-12572	91	15	article	article	NOUN
cjfa-12572	91	16	87	87	NUM
cjfa-12572	91	17	.	.	PUNCT
cjfa-12572	92	1	scr	scr	PROPN
cjfa-12572	92	2	basic	basic	ADJ
cjfa-12572	92	3	is	be	AUX
cjfa-12572	92	4	a	a	DET
cjfa-12572	92	5	root	root	NOUN
cjfa-12572	92	6	of	of	ADP
cjfa-12572	92	7	sum	sum	NOUN
cjfa-12572	92	8	of	of	ADP
cjfa-12572	92	9	correlation	correlation	NOUN
cjfa-12572	92	10	rate	rate	NOUN
cjfa-12572	92	11	(	(	PUNCT
cjfa-12572	92	12	corr	corr	PROPN
cjfa-12572	92	13	)	)	PUNCT
cjfa-12572	92	14	and	and	CCONJ
cjfa-12572	92	15	scr	scr	NOUN
cjfa-12572	92	16	for	for	ADP
cjfa-12572	92	17	module	module	NOUN
cjfa-12572	92	18	(	(	PUNCT
cjfa-12572	92	19	i	i	NOUN
cjfa-12572	92	20	)	)	PUNCT
cjfa-12572	92	21	and	and	CCONJ
cjfa-12572	92	22	(	(	PUNCT
cjfa-12572	92	23	j	j	NOUN
cjfa-12572	92	24	)	)	PUNCT
cjfa-12572	92	25	product	product	NOUN
cjfa-12572	92	26	,	,	PUNCT
cjfa-12572	92	27	and	and	CCONJ
cjfa-12572	92	28	scr	scr	NOUN
cjfa-12572	92	29	intangibles	intangible	NOUN
cjfa-12572	92	30	for	for	ADP
cjfa-12572	92	31	intangible	intangible	ADJ
cjfa-12572	92	32	asset	asset	NOUN
cjfa-12572	92	33	risk	risk	NOUN
cjfa-12572	92	34	.	.	PUNCT
cjfa-12572	93	1	the	the	DET
cjfa-12572	93	2	value	value	NOUN
cjfa-12572	93	3	of	of	ADP
cjfa-12572	93	4	corr	corr	PROPN
cjfa-12572	93	5	is	be	AUX
cjfa-12572	93	6	being	be	AUX
cjfa-12572	93	7	set	set	VERB
cjfa-12572	93	8	by	by	ADP
cjfa-12572	93	9	table	table	NOUN
cjfa-12572	93	10	of	of	ADP
cjfa-12572	93	11	risk	risk	NOUN
cjfa-12572	93	12	modules	module	NOUN
cjfa-12572	93	13	correlation	correlation	NOUN
cjfa-12572	93	14	matrix	matrix	NOUN
cjfa-12572	93	15	(	(	PUNCT
cjfa-12572	93	16	directive	directive	NOUN
cjfa-12572	93	17	of	of	ADP
cjfa-12572	93	18	25/11/2009	25/11/2009	NUM
cjfa-12572	93	19	)	)	PUNCT
cjfa-12572	93	20	.	.	PUNCT
cjfa-12572	94	1	it	it	PRON
cjfa-12572	94	2	is	be	AUX
cjfa-12572	94	3	not	not	PART
cjfa-12572	94	4	the	the	DET
cjfa-12572	94	5	first	first	ADJ
cjfa-12572	94	6	time	time	NOUN
cjfa-12572	94	7	of	of	ADP
cjfa-12572	94	8	implementing	implement	VERB
cjfa-12572	94	9	mathematic	mathematic	ADJ
cjfa-12572	94	10	methods	method	NOUN
cjfa-12572	94	11	to	to	PART
cjfa-12572	94	12	risk	risk	VERB
cjfa-12572	94	13	management	management	NOUN
cjfa-12572	94	14	.	.	PUNCT
cjfa-12572	95	1	according	accord	VERB
cjfa-12572	95	2	to	to	ADP
cjfa-12572	95	3	history	history	NOUN
cjfa-12572	95	4	,	,	PUNCT
cjfa-12572	95	5	in	in	ADP
cjfa-12572	95	6	1900	1900	NUM
cjfa-12572	95	7	the	the	DET
cjfa-12572	95	8	formula	formula	NOUN
cjfa-12572	95	9	of	of	ADP
cjfa-12572	95	10	‘	'	PUNCT
cjfa-12572	95	11	stochastic	stochastic	ADJ
cjfa-12572	95	12	process	process	NOUN
cjfa-12572	95	13	distribution	distribution	NOUN
cjfa-12572	95	14	function	function	NOUN
cjfa-12572	95	15	’	'	PUNCT
cjfa-12572	95	16	was	be	AUX
cjfa-12572	95	17	proposed	propose	VERB
cjfa-12572	95	18	by	by	ADP
cjfa-12572	95	19	l.	l.	PROPN
cjfa-12572	95	20	bacheliera	bacheliera	PROPN
cjfa-12572	95	21	(	(	PUNCT
cjfa-12572	95	22	dionne	dionne	PROPN
cjfa-12572	95	23	,	,	PUNCT
cjfa-12572	95	24	2013	2013	NUM
cjfa-12572	95	25	,	,	PUNCT
cjfa-12572	95	26	p.	p.	NOUN
cjfa-12572	95	27	6	6	NUM
cjfa-12572	95	28	)	)	PUNCT
cjfa-12572	95	29	.	.	PUNCT
cjfa-12572	96	1	in	in	ADP
cjfa-12572	96	2	1973	1973	NUM
cjfa-12572	96	3	first	first	ADJ
cjfa-12572	96	4	credit	credit	NOUN
cjfa-12572	96	5	risk	risk	NOUN
cjfa-12572	96	6	model	model	NOUN
cjfa-12572	96	7	was	be	AUX
cjfa-12572	96	8	created	create	VERB
cjfa-12572	96	9	–	–	PUNCT
cjfa-12572	96	10	black	black	ADJ
cjfa-12572	96	11	and	and	CCONJ
cjfa-12572	96	12	scholes	schole	NOUN
cjfa-12572	96	13	(	(	PUNCT
cjfa-12572	96	14	breccia	breccia	NOUN
cjfa-12572	96	15	,	,	PUNCT
cjfa-12572	96	16	2012	2012	NUM
cjfa-12572	96	17	,	,	PUNCT
cjfa-12572	96	18	p.	p.	NOUN
cjfa-12572	96	19	4	4	NUM
cjfa-12572	96	20	)	)	PUNCT
cjfa-12572	96	21	.	.	PUNCT
cjfa-12572	97	1	and	and	CCONJ
cjfa-12572	97	2	in	in	ADP
cjfa-12572	97	3	80s	80	NOUN
cjfa-12572	97	4	of	of	ADP
cjfa-12572	97	5	xx	xx	NUM
cjfa-12572	97	6	century	century	NOUN
cjfa-12572	97	7	value	value	NOUN
cjfa-12572	97	8	at	at	ADP
cjfa-12572	97	9	risk	risk	NOUN
cjfa-12572	97	10	term	term	NOUN
cjfa-12572	97	11	was	be	AUX
cjfa-12572	97	12	appeared	appear	VERB
cjfa-12572	97	13	,	,	PUNCT
cjfa-12572	97	14	which	which	PRON
cjfa-12572	97	15	is	be	AUX
cjfa-12572	97	16	based	base	VERB
cjfa-12572	97	17	on	on	ADP
cjfa-12572	97	18	gauss	gauss	ADJ
cjfa-12572	97	19	integer	integer	NOUN
cjfa-12572	97	20	factorization	factorization	NOUN
cjfa-12572	97	21	(	(	PUNCT
cjfa-12572	97	22	dionne	dionne	PROPN
cjfa-12572	97	23	,	,	PUNCT
cjfa-12572	97	24	2013	2013	NUM
cjfa-12572	97	25	,	,	PUNCT
cjfa-12572	97	26	p.	p.	NOUN
cjfa-12572	97	27	6	6	NUM
cjfa-12572	97	28	)	)	PUNCT
cjfa-12572	97	29	.	.	PUNCT
cjfa-12572	98	1	in	in	ADP
cjfa-12572	98	2	addition	addition	NOUN
cjfa-12572	98	3	,	,	PUNCT
cjfa-12572	98	4	the	the	DET
cjfa-12572	98	5	solvency	solvency	NOUN
cjfa-12572	98	6	capital	capital	NOUN
cjfa-12572	98	7	requirement	requirement	NOUN
cjfa-12572	98	8	is	be	AUX
cjfa-12572	98	9	dependent	dependent	ADJ
cjfa-12572	98	10	to	to	PART
cjfa-12572	98	11	right	right	ADV
cjfa-12572	98	12	on	on	ADP
cjfa-12572	98	13	a	a	DET
cjfa-12572	98	14	risk	risk	NOUN
cjfa-12572	98	15	module	module	NOUN
cjfa-12572	98	16	.	.	PUNCT
cjfa-12572	99	1	actuarial	actuarial	ADJ
cjfa-12572	99	2	risk	risk	NOUN
cjfa-12572	99	3	module	module	NOUN
cjfa-12572	99	4	is	be	AUX
cjfa-12572	99	5	particularly	particularly	ADV
cjfa-12572	99	6	extended	extend	VERB
cjfa-12572	99	7	,	,	PUNCT
cjfa-12572	99	8	which	which	PRON
cjfa-12572	99	9	consists	consist	VERB
cjfa-12572	99	10	of	of	ADP
cjfa-12572	99	11	a	a	DET
cjfa-12572	99	12	lot	lot	NOUN
cjfa-12572	99	13	of	of	ADP
cjfa-12572	99	14	undermodules	undermodule	NOUN
cjfa-12572	99	15	,	,	PUNCT
cjfa-12572	99	16	e.g.	e.g.	ADV
cjfa-12572	99	17	hurricane	hurricane	NOUN
cjfa-12572	99	18	risk	risk	NOUN
cjfa-12572	99	19	undermodule	undermodule	NOUN
cjfa-12572	99	20	,	,	PUNCT
cjfa-12572	99	21	flood	flood	NOUN
cjfa-12572	99	22	risk	risk	NOUN
cjfa-12572	99	23	undermodule	undermodule	NOUN
cjfa-12572	99	24	or	or	CCONJ
cjfa-12572	99	25	civil	civil	ADJ
cjfa-12572	99	26	liability	liability	NOUN
cjfa-12572	99	27	risk	risk	NOUN
cjfa-12572	99	28	undermodule	undermodule	NOUN
cjfa-12572	99	29	.	.	PUNCT
cjfa-12572	100	1	there	there	PRON
cjfa-12572	100	2	is	be	VERB
cjfa-12572	100	3	no	no	DET
cjfa-12572	100	4	question	question	NOUN
cjfa-12572	100	5	,	,	PUNCT
cjfa-12572	100	6	that	that	DET
cjfa-12572	100	7	duty	duty	NOUN
cjfa-12572	100	8	of	of	ADP
cjfa-12572	100	9	to	to	PART
cjfa-12572	100	10	possess	possess	VERB
cjfa-12572	100	11	right	right	ADJ
cjfa-12572	100	12	own	own	ADJ
cjfa-12572	100	13	capital	capital	NOUN
cjfa-12572	100	14	for	for	ADP
cjfa-12572	100	15	insurance	insurance	NOUN
cjfa-12572	100	16	undertaking	undertaking	NOUN
cjfa-12572	100	17	is	be	AUX
cjfa-12572	100	18	a	a	DET
cjfa-12572	100	19	main	main	ADJ
cjfa-12572	100	20	message	message	NOUN
cjfa-12572	100	21	of	of	ADP
cjfa-12572	100	22	solvency	solvency	NOUN
cjfa-12572	100	23	ii	ii	PROPN
cjfa-12572	100	24	.	.	PUNCT
cjfa-12572	101	1	and	and	CCONJ
cjfa-12572	101	2	their	their	PRON
cjfa-12572	101	3	level	level	NOUN
cjfa-12572	101	4	is	be	AUX
cjfa-12572	101	5	made	make	VERB
cjfa-12572	101	6	dependent	dependent	ADJ
cjfa-12572	101	7	on	on	ADP
cjfa-12572	101	8	business	business	NOUN
cjfa-12572	101	9	lines	line	NOUN
cjfa-12572	101	10	and	and	CCONJ
cjfa-12572	101	11	modules	module	NOUN
cjfa-12572	101	12	.	.	PUNCT
cjfa-12572	102	1	unfortunately	unfortunately	ADV
cjfa-12572	102	2	,	,	PUNCT
cjfa-12572	102	3	to	to	PART
cjfa-12572	102	4	fulfill	fulfill	VERB
cjfa-12572	102	5	the	the	DET
cjfa-12572	102	6	duty	duty	NOUN
cjfa-12572	102	7	is	be	AUX
cjfa-12572	102	8	a	a	DET
cjfa-12572	102	9	success	success	NOUN
cjfa-12572	102	10	a	a	DET
cjfa-12572	102	11	risk	risk	NOUN
cjfa-12572	102	12	management	management	NOUN
cjfa-12572	102	13	system	system	NOUN
cjfa-12572	102	14	in	in	ADP
cjfa-12572	102	15	insurance	insurance	NOUN
cjfa-12572	102	16	undertaking	undertake	VERB
cjfa-12572	102	17	79	79	NUM
cjfa-12572	102	18	itself	itself	PRON
cjfa-12572	102	19	,	,	PUNCT
cjfa-12572	102	20	since	since	SCONJ
cjfa-12572	102	21	the	the	DET
cjfa-12572	102	22	european	european	ADJ
cjfa-12572	102	23	parliament	parliament	PROPN
cjfa-12572	102	24	and	and	CCONJ
cjfa-12572	102	25	the	the	DET
cjfa-12572	102	26	council	council	NOUN
cjfa-12572	102	27	have	have	AUX
cjfa-12572	102	28	established	establish	VERB
cjfa-12572	102	29	about	about	ADV
cjfa-12572	102	30	one	one	NUM
cjfa-12572	102	31	hundred	hundred	NUM
cjfa-12572	102	32	formulas	formula	NOUN
cjfa-12572	102	33	for	for	ADP
cjfa-12572	102	34	solvency	solvency	NOUN
cjfa-12572	102	35	capital	capital	NOUN
cjfa-12572	102	36	requirement	requirement	NOUN
cjfa-12572	102	37	according	accord	VERB
cjfa-12572	102	38	to	to	ADP
cjfa-12572	102	39	74	74	NUM
cjfa-12572	102	40	pages	page	NOUN
cjfa-12572	102	41	of	of	ADP
cjfa-12572	102	42	directive	directive	NOUN
cjfa-12572	102	43	in	in	ADP
cjfa-12572	102	44	117	117	NUM
cjfa-12572	102	45	articles	article	NOUN
cjfa-12572	102	46	(	(	PUNCT
cjfa-12572	102	47	from	from	ADP
cjfa-12572	102	48	87	87	NUM
cjfa-12572	102	49	to	to	ADP
cjfa-12572	102	50	204	204	NUM
cjfa-12572	102	51	)	)	PUNCT
cjfa-12572	102	52	.	.	PUNCT
cjfa-12572	103	1	probably	probably	ADV
cjfa-12572	103	2	,	,	PUNCT
cjfa-12572	103	3	an	an	DET
cjfa-12572	103	4	increase	increase	NOUN
cjfa-12572	103	5	of	of	ADP
cjfa-12572	103	6	centralization	centralization	NOUN
cjfa-12572	103	7	and	and	CCONJ
cjfa-12572	103	8	bureaucracy	bureaucracy	NOUN
cjfa-12572	103	9	in	in	ADP
cjfa-12572	103	10	insurance	insurance	NOUN
cjfa-12572	103	11	undertakings	undertaking	NOUN
cjfa-12572	103	12	could	could	AUX
cjfa-12572	103	13	be	be	AUX
cjfa-12572	103	14	a	a	DET
cjfa-12572	103	15	dominant	dominant	ADJ
cjfa-12572	103	16	result	result	NOUN
cjfa-12572	103	17	.	.	PUNCT
cjfa-12572	104	1	if	if	SCONJ
cjfa-12572	104	2	these	these	DET
cjfa-12572	104	3	increase	increase	NOUN
cjfa-12572	104	4	causes	cause	VERB
cjfa-12572	104	5	security	security	NOUN
cjfa-12572	104	6	increase	increase	NOUN
cjfa-12572	104	7	,	,	PUNCT
cjfa-12572	104	8	probably	probably	ADV
cjfa-12572	104	9	there	there	PRON
cjfa-12572	104	10	will	will	AUX
cjfa-12572	104	11	be	be	AUX
cjfa-12572	104	12	more	more	ADJ
cjfa-12572	104	13	supporters	supporter	NOUN
cjfa-12572	104	14	.	.	PUNCT
cjfa-12572	105	1	however	however	ADV
cjfa-12572	105	2	,	,	PUNCT
cjfa-12572	105	3	solvency	solvency	NOUN
cjfa-12572	105	4	capital	capital	NOUN
cjfa-12572	105	5	requirements	requirement	NOUN
cjfa-12572	105	6	are	be	AUX
cjfa-12572	105	7	not	not	PART
cjfa-12572	105	8	guarantors	guarantor	NOUN
cjfa-12572	105	9	of	of	ADP
cjfa-12572	105	10	solvency	solvency	NOUN
cjfa-12572	105	11	according	accord	VERB
cjfa-12572	105	12	to	to	ADP
cjfa-12572	105	13	banks	bank	NOUN
cjfa-12572	105	14	history	history	NOUN
cjfa-12572	105	15	in	in	ADP
cjfa-12572	105	16	21st	21st	ADJ
cjfa-12572	105	17	century	century	NOUN
cjfa-12572	105	18	,	,	PUNCT
cjfa-12572	105	19	whom	whom	PRON
cjfa-12572	105	20	similarly	similarly	ADV
cjfa-12572	105	21	solvency	solvency	NOUN
cjfa-12572	105	22	modules	module	NOUN
cjfa-12572	105	23	was	be	AUX
cjfa-12572	105	24	proposed	propose	VERB
cjfa-12572	105	25	in	in	ADP
cjfa-12572	105	26	basel	basel	PROPN
cjfa-12572	105	27	ii	ii	PROPN
cjfa-12572	105	28	and	and	CCONJ
cjfa-12572	105	29	basel	basel	PROPN
cjfa-12572	105	30	iii	iii	PROPN
cjfa-12572	105	31	.	.	PUNCT
cjfa-12572	106	1	nevertheless	nevertheless	ADV
cjfa-12572	106	2	,	,	PUNCT
cjfa-12572	106	3	we	we	PRON
cjfa-12572	106	4	should	should	AUX
cjfa-12572	106	5	underline	underline	VERB
cjfa-12572	106	6	that	that	SCONJ
cjfa-12572	106	7	an	an	DET
cjfa-12572	106	8	idea	idea	NOUN
cjfa-12572	106	9	of	of	ADP
cjfa-12572	106	10	own	own	ADJ
cjfa-12572	106	11	capital	capital	NOUN
cjfa-12572	106	12	role	role	NOUN
cjfa-12572	106	13	increase	increase	NOUN
cjfa-12572	106	14	,	,	PUNCT
cjfa-12572	106	15	not	not	PART
cjfa-12572	106	16	only	only	ADV
cjfa-12572	106	17	in	in	ADP
cjfa-12572	106	18	insurance	insurance	NOUN
cjfa-12572	106	19	undertakings	undertaking	NOUN
cjfa-12572	106	20	,	,	PUNCT
cjfa-12572	106	21	is	be	AUX
cjfa-12572	106	22	worthy	worthy	ADJ
cjfa-12572	106	23	of	of	ADP
cjfa-12572	106	24	our	our	PRON
cjfa-12572	106	25	support	support	NOUN
cjfa-12572	106	26	.	.	PUNCT
cjfa-12572	107	1	but	but	CCONJ
cjfa-12572	107	2	it	it	PRON
cjfa-12572	107	3	should	should	AUX
cjfa-12572	107	4	be	be	AUX
cjfa-12572	107	5	proposed	propose	VERB
cjfa-12572	107	6	in	in	ADP
cjfa-12572	107	7	easier	easy	ADJ
cjfa-12572	107	8	form	form	NOUN
cjfa-12572	107	9	.	.	PUNCT
cjfa-12572	108	1	the	the	DET
cjfa-12572	108	2	outcome	outcome	NOUN
cjfa-12572	108	3	of	of	ADP
cjfa-12572	108	4	the	the	DET
cjfa-12572	108	5	research	research	NOUN
cjfa-12572	108	6	the	the	DET
cjfa-12572	108	7	analyze	analyze	NOUN
cjfa-12572	108	8	of	of	ADP
cjfa-12572	108	9	empirical	empirical	ADJ
cjfa-12572	108	10	research	research	NOUN
cjfa-12572	108	11	concerns	concern	NOUN
cjfa-12572	108	12	to	to	ADP
cjfa-12572	108	13	six	six	NUM
cjfa-12572	108	14	fact	fact	NOUN
cjfa-12572	108	15	-	-	PUNCT
cjfa-12572	108	16	collecting	collect	VERB
cjfa-12572	108	17	questions	question	NOUN
cjfa-12572	108	18	and	and	CCONJ
cjfa-12572	108	19	one	one	NUM
cjfa-12572	108	20	subjective	subjective	ADJ
cjfa-12572	108	21	question	question	NOUN
cjfa-12572	108	22	about	about	ADP
cjfa-12572	108	23	an	an	DET
cjfa-12572	108	24	adequacy	adequacy	NOUN
cjfa-12572	108	25	of	of	ADP
cjfa-12572	108	26	risk	risk	NOUN
cjfa-12572	108	27	management	management	NOUN
cjfa-12572	108	28	system	system	NOUN
cjfa-12572	108	29	to	to	PART
cjfa-12572	108	30	insurers	insurer	NOUN
cjfa-12572	108	31	activity	activity	NOUN
cjfa-12572	108	32	.	.	PUNCT
cjfa-12572	109	1	on	on	ADP
cjfa-12572	109	2	the	the	DET
cjfa-12572	109	3	graph	graph	NOUN
cjfa-12572	109	4	1	1	NUM
cjfa-12572	109	5	we	we	PRON
cjfa-12572	109	6	can	can	AUX
cjfa-12572	109	7	see	see	VERB
cjfa-12572	109	8	collective	collective	ADJ
cjfa-12572	109	9	answers	answer	NOUN
cjfa-12572	109	10	for	for	ADP
cjfa-12572	109	11	risk	risk	NOUN
cjfa-12572	109	12	management	management	NOUN
cjfa-12572	109	13	function	function	NOUN
cjfa-12572	109	14	in	in	ADP
cjfa-12572	109	15	insurance	insurance	NOUN
cjfa-12572	109	16	undertakings	undertaking	NOUN
cjfa-12572	109	17	.	.	PUNCT
cjfa-12572	110	1	in	in	ADP
cjfa-12572	110	2	2012	2012	NUM
cjfa-12572	110	3	,	,	PUNCT
cjfa-12572	110	4	in	in	ADP
cjfa-12572	110	5	52	52	NUM
cjfa-12572	110	6	out	out	ADP
cjfa-12572	110	7	of	of	ADP
cjfa-12572	110	8	59	59	NUM
cjfa-12572	110	9	insurers	insurer	NOUN
cjfa-12572	110	10	a	a	DET
cjfa-12572	110	11	station	station	NOUN
cjfa-12572	110	12	or	or	CCONJ
cjfa-12572	110	13	unit	unit	NOUN
cjfa-12572	110	14	responsible	responsible	ADJ
cjfa-12572	110	15	for	for	ADP
cjfa-12572	110	16	irks	irk	VERB
cjfa-12572	110	17	management	management	NOUN
cjfa-12572	110	18	was	be	AUX
cjfa-12572	110	19	functioning	function	VERB
cjfa-12572	110	20	.	.	PUNCT
cjfa-12572	111	1	however	however	ADV
cjfa-12572	111	2	,	,	PUNCT
cjfa-12572	111	3	risk	risk	NOUN
cjfa-12572	111	4	committee	committee	NOUN
cjfa-12572	111	5	existed	exist	VERB
cjfa-12572	111	6	in	in	ADP
cjfa-12572	111	7	39	39	NUM
cjfa-12572	111	8	entities	entity	NOUN
cjfa-12572	111	9	.	.	PUNCT
cjfa-12572	112	1	we	we	PRON
cjfa-12572	112	2	need	need	VERB
cjfa-12572	112	3	to	to	PART
cjfa-12572	112	4	mark	mark	VERB
cjfa-12572	112	5	,	,	PUNCT
cjfa-12572	112	6	that	that	SCONJ
cjfa-12572	112	7	it	it	PRON
cjfa-12572	112	8	had	have	AUX
cjfa-12572	112	9	been	be	AUX
cjfa-12572	112	10	the	the	DET
cjfa-12572	112	11	state	state	NOUN
cjfa-12572	112	12	before	before	SCONJ
cjfa-12572	112	13	commission	commission	NOUN
cjfa-12572	112	14	delegated	delegate	VERB
cjfa-12572	112	15	regulation	regulation	NOUN
cjfa-12572	112	16	of	of	ADP
cjfa-12572	112	17	10/10/2014	10/10/2014	NUM
cjfa-12572	112	18	and	and	CCONJ
cjfa-12572	112	19	insurance	insurance	NOUN
cjfa-12572	112	20	and	and	CCONJ
cjfa-12572	112	21	reinsurance	reinsurance	NOUN
cjfa-12572	112	22	activity	activity	NOUN
cjfa-12572	112	23	act	act	NOUN
cjfa-12572	112	24	of	of	ADP
cjfa-12572	112	25	11/09/2015	11/09/2015	NUM
cjfa-12572	112	26	came	come	VERB
cjfa-12572	112	27	into	into	ADP
cjfa-12572	112	28	force	force	NOUN
cjfa-12572	112	29	.	.	PUNCT
cjfa-12572	113	1	nevertheless	nevertheless	ADV
cjfa-12572	113	2	,	,	PUNCT
cjfa-12572	113	3	the	the	DET
cjfa-12572	113	4	research	research	NOUN
cjfa-12572	113	5	was	be	AUX
cjfa-12572	113	6	done	do	VERB
cjfa-12572	113	7	after	after	ADP
cjfa-12572	113	8	3	3	NUM
cjfa-12572	113	9	years	year	NOUN
cjfa-12572	113	10	since	since	SCONJ
cjfa-12572	113	11	the	the	DET
cjfa-12572	113	12	pass	pass	NOUN
cjfa-12572	113	13	of	of	ADP
cjfa-12572	113	14	solvency	solvency	NOUN
cjfa-12572	113	15	ii	ii	PROPN
cjfa-12572	113	16	of	of	ADP
cjfa-12572	113	17	25/11/2009	25/11/2009	NUM
cjfa-12572	113	18	,	,	PUNCT
cjfa-12572	113	19	which	which	DET
cjfa-12572	113	20	risk	risk	NOUN
cjfa-12572	113	21	management	management	NOUN
cjfa-12572	113	22	function	function	NOUN
cjfa-12572	113	23	was	be	AUX
cjfa-12572	113	24	mentioned	mention	VERB
cjfa-12572	113	25	.	.	PUNCT
cjfa-12572	114	1	paweł	paweł	VERB
cjfa-12572	114	2	dzięcioł80	dzięcioł80	NOUN
cjfa-12572	114	3	graph	graph	NOUN
cjfa-12572	114	4	1	1	NUM
cjfa-12572	114	5	.	.	PUNCT
cjfa-12572	115	1	existing	exist	VERB
cjfa-12572	115	2	of	of	ADP
cjfa-12572	115	3	risk	risk	NOUN
cjfa-12572	115	4	management	management	NOUN
cjfa-12572	115	5	function	function	NOUN
cjfa-12572	115	6	in	in	ADP
cjfa-12572	115	7	insurance	insurance	NOUN
cjfa-12572	115	8	undertakings	undertaking	NOUN
cjfa-12572	115	9	in	in	ADP
cjfa-12572	115	10	2012	2012	NUM
cjfa-12572	115	11	s	s	PART
cjfa-12572	115	12	o	o	X
cjfa-12572	115	13	u	u	NOUN
cjfa-12572	115	14	r	r	NOUN
cjfa-12572	115	15	c	c	NOUN
cjfa-12572	115	16	e	e	NOUN
cjfa-12572	115	17	:	:	PUNCT
cjfa-12572	115	18	own	own	ADJ
cjfa-12572	115	19	study	study	NOUN
cjfa-12572	115	20	based	base	VERB
cjfa-12572	115	21	on	on	ADP
cjfa-12572	115	22	:	:	PUNCT
cjfa-12572	115	23	antczak	antczak	PROPN
cjfa-12572	115	24	et	et	PROPN
cjfa-12572	115	25	al	al	PROPN
cjfa-12572	115	26	.	.	PROPN
cjfa-12572	115	27	,	,	PUNCT
cjfa-12572	115	28	2013	2013	NUM
cjfa-12572	115	29	,	,	PUNCT
cjfa-12572	115	30	p.	p.	NOUN
cjfa-12572	115	31	23	23	NUM
cjfa-12572	115	32	.	.	PUNCT
cjfa-12572	116	1	then	then	ADV
cjfa-12572	116	2	,	,	PUNCT
cjfa-12572	116	3	the	the	DET
cjfa-12572	116	4	state	state	NOUN
cjfa-12572	116	5	analysis	analysis	NOUN
cjfa-12572	116	6	of	of	ADP
cjfa-12572	116	7	risk	risk	NOUN
cjfa-12572	116	8	management	management	NOUN
cjfa-12572	116	9	strategy	strategy	NOUN
cjfa-12572	116	10	and	and	CCONJ
cjfa-12572	116	11	system	system	NOUN
cjfa-12572	116	12	was	be	AUX
cjfa-12572	116	13	done	do	VERB
cjfa-12572	116	14	based	base	VERB
cjfa-12572	116	15	on	on	ADP
cjfa-12572	116	16	three	three	NUM
cjfa-12572	116	17	criteria	criterion	NOUN
cjfa-12572	116	18	(	(	PUNCT
cjfa-12572	116	19	graph	graph	NOUN
cjfa-12572	116	20	2	2	NUM
cjfa-12572	116	21	)	)	PUNCT
cjfa-12572	116	22	.	.	PUNCT
cjfa-12572	117	1	the	the	DET
cjfa-12572	117	2	first	first	ADJ
cjfa-12572	117	3	criterion	criterion	NOUN
cjfa-12572	117	4	is	be	AUX
cjfa-12572	117	5	having	have	VERB
cjfa-12572	117	6	risk	risk	NOUN
cjfa-12572	117	7	management	management	NOUN
cjfa-12572	117	8	strategy	strategy	NOUN
cjfa-12572	117	9	,	,	PUNCT
cjfa-12572	117	10	which	which	PRON
cjfa-12572	117	11	has	have	AUX
cjfa-12572	117	12	been	be	AUX
cjfa-12572	117	13	having	have	VERB
cjfa-12572	117	14	around	around	ADP
cjfa-12572	117	15	66	66	NUM
cjfa-12572	117	16	%	%	NOUN
cjfa-12572	117	17	of	of	ADP
cjfa-12572	117	18	insurance	insurance	NOUN
cjfa-12572	117	19	undertakings	undertaking	NOUN
cjfa-12572	117	20	(	(	PUNCT
cjfa-12572	117	21	39	39	NUM
cjfa-12572	117	22	of	of	ADP
cjfa-12572	117	23	59	59	NUM
cjfa-12572	117	24	)	)	PUNCT
cjfa-12572	117	25	.	.	PUNCT
cjfa-12572	118	1	the	the	DET
cjfa-12572	118	2	second	second	ADJ
cjfa-12572	118	3	criterion	criterion	NOUN
cjfa-12572	118	4	is	be	AUX
cjfa-12572	118	5	written	write	VERB
cjfa-12572	118	6	rules	rule	NOUN
cjfa-12572	118	7	of	of	ADP
cjfa-12572	118	8	risk	risk	NOUN
cjfa-12572	118	9	management	management	NOUN
cjfa-12572	118	10	system	system	NOUN
cjfa-12572	118	11	,	,	PUNCT
cjfa-12572	118	12	which	which	PRON
cjfa-12572	118	13	is	be	AUX
cjfa-12572	118	14	declared	declare	VERB
cjfa-12572	118	15	by	by	ADP
cjfa-12572	118	16	almost	almost	ADV
cjfa-12572	118	17	80	80	NUM
cjfa-12572	118	18	%	%	NOUN
cjfa-12572	118	19	of	of	ADP
cjfa-12572	118	20	insurers	insurer	NOUN
cjfa-12572	118	21	(	(	PUNCT
cjfa-12572	118	22	47	47	NUM
cjfa-12572	118	23	of	of	ADP
cjfa-12572	118	24	57	57	NUM
cjfa-12572	118	25	)	)	PUNCT
cjfa-12572	118	26	.	.	PUNCT
cjfa-12572	119	1	the	the	DET
cjfa-12572	119	2	third	third	ADJ
cjfa-12572	119	3	criterion	criterion	NOUN
cjfa-12572	119	4	includes	include	VERB
cjfa-12572	119	5	opinion	opinion	NOUN
cjfa-12572	119	6	about	about	ADP
cjfa-12572	119	7	adequacy	adequacy	NOUN
cjfa-12572	119	8	of	of	ADP
cjfa-12572	119	9	risk	risk	NOUN
cjfa-12572	119	10	management	management	NOUN
cjfa-12572	119	11	system	system	NOUN
cjfa-12572	119	12	to	to	PART
cjfa-12572	119	13	character	character	VERB
cjfa-12572	119	14	,	,	PUNCT
cjfa-12572	119	15	range	range	NOUN
cjfa-12572	119	16	and	and	CCONJ
cjfa-12572	119	17	complexity	complexity	NOUN
cjfa-12572	119	18	their	their	PRON
cjfa-12572	119	19	activity	activity	NOUN
cjfa-12572	119	20	.	.	PUNCT
cjfa-12572	120	1	as	as	ADV
cjfa-12572	120	2	far	far	ADV
cjfa-12572	120	3	as	as	ADP
cjfa-12572	120	4	55	55	NUM
cjfa-12572	120	5	insurance	insurance	NOUN
cjfa-12572	120	6	undertakings	undertaking	NOUN
cjfa-12572	120	7	(	(	PUNCT
cjfa-12572	120	8	93	93	NUM
cjfa-12572	120	9	%	%	NOUN
cjfa-12572	120	10	)	)	PUNCT
cjfa-12572	120	11	indicated	indicate	VERB
cjfa-12572	120	12	system	system	NOUN
cjfa-12572	120	13	adequacy	adequacy	NOUN
cjfa-12572	120	14	,	,	PUNCT
cjfa-12572	120	15	but	but	CCONJ
cjfa-12572	120	16	4	4	NUM
cjfa-12572	120	17	entities	entity	NOUN
cjfa-12572	120	18	(	(	PUNCT
cjfa-12572	120	19	7	7	NUM
cjfa-12572	120	20	%	%	NOUN
cjfa-12572	120	21	)	)	PUNCT
cjfa-12572	120	22	pointed	point	VERB
cjfa-12572	120	23	that	that	DET
cjfa-12572	120	24	absence	absence	NOUN
cjfa-12572	120	25	.	.	PUNCT
cjfa-12572	121	1	unfortunately	unfortunately	ADV
cjfa-12572	121	2	,	,	PUNCT
cjfa-12572	121	3	there	there	PRON
cjfa-12572	121	4	was	be	VERB
cjfa-12572	121	5	no	no	DET
cjfa-12572	121	6	information	information	NOUN
cjfa-12572	121	7	about	about	ADP
cjfa-12572	121	8	character	character	NOUN
cjfa-12572	121	9	of	of	ADP
cjfa-12572	121	10	adequacy	adequacy	NOUN
cjfa-12572	121	11	absence	absence	NOUN
cjfa-12572	121	12	–	–	PUNCT
cjfa-12572	121	13	positive	positive	ADJ
cjfa-12572	121	14	or	or	CCONJ
cjfa-12572	121	15	negative	negative	ADJ
cjfa-12572	121	16	.	.	PUNCT
cjfa-12572	122	1	discussing	discuss	VERB
cjfa-12572	122	2	risk	risk	NOUN
cjfa-12572	122	3	management	management	NOUN
cjfa-12572	122	4	system	system	NOUN
cjfa-12572	122	5	includes	include	VERB
cjfa-12572	122	6	first	first	ADV
cjfa-12572	122	7	of	of	ADP
cjfa-12572	122	8	all	all	DET
cjfa-12572	122	9	risk	risk	NOUN
cjfa-12572	122	10	identification	identification	NOUN
cjfa-12572	122	11	,	,	PUNCT
cjfa-12572	122	12	risk	risk	NOUN
cjfa-12572	122	13	estimation	estimation	NOUN
cjfa-12572	122	14	,	,	PUNCT
cjfa-12572	122	15	monitoring	monitoring	NOUN
cjfa-12572	122	16	and	and	CCONJ
cjfa-12572	122	17	risk	risk	NOUN
cjfa-12572	122	18	treatment	treatment	NOUN
cjfa-12572	122	19	.	.	PUNCT
cjfa-12572	123	1	a	a	DET
cjfa-12572	123	2	risk	risk	NOUN
cjfa-12572	123	3	management	management	NOUN
cjfa-12572	123	4	system	system	NOUN
cjfa-12572	123	5	in	in	ADP
cjfa-12572	123	6	insurance	insurance	NOUN
cjfa-12572	123	7	undertaking	undertake	VERB
cjfa-12572	123	8	81	81	NUM
cjfa-12572	123	9	graph	graph	NOUN
cjfa-12572	123	10	2	2	NUM
cjfa-12572	123	11	.	.	PUNCT
cjfa-12572	123	12	risk	risk	NOUN
cjfa-12572	123	13	management	management	NOUN
cjfa-12572	123	14	strategy	strategy	NOUN
cjfa-12572	123	15	and	and	CCONJ
cjfa-12572	123	16	system	system	NOUN
cjfa-12572	123	17	in	in	ADP
cjfa-12572	123	18	insurance	insurance	NOUN
cjfa-12572	123	19	undertakings	undertaking	NOUN
cjfa-12572	123	20	in	in	ADP
cjfa-12572	123	21	2012	2012	NUM
cjfa-12572	123	22	s	s	PART
cjfa-12572	123	23	o	o	X
cjfa-12572	123	24	u	u	NOUN
cjfa-12572	123	25	r	r	NOUN
cjfa-12572	123	26	c	c	NOUN
cjfa-12572	123	27	e	e	NOUN
cjfa-12572	123	28	:	:	PUNCT
cjfa-12572	123	29	own	own	ADJ
cjfa-12572	123	30	study	study	NOUN
cjfa-12572	123	31	based	base	VERB
cjfa-12572	123	32	on	on	ADP
cjfa-12572	123	33	:	:	PUNCT
cjfa-12572	123	34	antczak	antczak	PROPN
cjfa-12572	123	35	et	et	PROPN
cjfa-12572	123	36	al	al	PROPN
cjfa-12572	123	37	.	.	PROPN
cjfa-12572	123	38	,	,	PUNCT
cjfa-12572	123	39	2013	2013	NUM
cjfa-12572	123	40	,	,	PUNCT
cjfa-12572	123	41	p.	p.	NOUN
cjfa-12572	123	42	23	23	NUM
cjfa-12572	123	43	.	.	PUNCT
cjfa-12572	124	1	the	the	DET
cjfa-12572	124	2	last	last	ADJ
cjfa-12572	124	3	one	one	NUM
cjfa-12572	124	4	of	of	ADP
cjfa-12572	124	5	the	the	DET
cjfa-12572	124	6	research	research	NOUN
cjfa-12572	124	7	consists	consist	VERB
cjfa-12572	124	8	of	of	ADP
cjfa-12572	124	9	effectiveness	effectiveness	NOUN
cjfa-12572	124	10	risk	risk	NOUN
cjfa-12572	124	11	management	management	NOUN
cjfa-12572	124	12	reviewed	review	VERB
cjfa-12572	124	13	by	by	ADP
cjfa-12572	124	14	insurance	insurance	NOUN
cjfa-12572	124	15	undertakings	undertaking	NOUN
cjfa-12572	124	16	(	(	PUNCT
cjfa-12572	124	17	graph	graph	NOUN
cjfa-12572	124	18	3	3	NUM
cjfa-12572	124	19	)	)	PUNCT
cjfa-12572	124	20	.	.	PUNCT
cjfa-12572	125	1	firstly	firstly	ADV
cjfa-12572	125	2	,	,	PUNCT
cjfa-12572	125	3	it	it	PRON
cjfa-12572	125	4	was	be	AUX
cjfa-12572	125	5	indicated	indicate	VERB
cjfa-12572	125	6	that	that	SCONJ
cjfa-12572	125	7	over	over	ADP
cjfa-12572	125	8	86	86	NUM
cjfa-12572	125	9	%	%	NOUN
cjfa-12572	125	10	of	of	ADP
cjfa-12572	125	11	insurers	insurer	NOUN
cjfa-12572	125	12	were	be	AUX
cjfa-12572	125	13	doing	do	VERB
cjfa-12572	125	14	periodical	periodical	ADJ
cjfa-12572	125	15	effectiveness	effectiveness	NOUN
cjfa-12572	125	16	risk	risk	NOUN
cjfa-12572	125	17	management	management	NOUN
cjfa-12572	125	18	review	review	NOUN
cjfa-12572	125	19	.	.	PUNCT
cjfa-12572	126	1	furthermore	furthermore	ADV
cjfa-12572	126	2	,	,	PUNCT
cjfa-12572	126	3	as	as	ADV
cjfa-12572	126	4	far	far	ADV
cjfa-12572	126	5	as	as	ADP
cjfa-12572	126	6	96	96	NUM
cjfa-12572	126	7	%	%	NOUN
cjfa-12572	126	8	of	of	ADP
cjfa-12572	126	9	insurance	insurance	NOUN
cjfa-12572	126	10	undertakings	undertaking	NOUN
cjfa-12572	126	11	confirmed	confirm	VERB
cjfa-12572	126	12	that	that	SCONJ
cjfa-12572	126	13	they	they	PRON
cjfa-12572	126	14	have	have	AUX
cjfa-12572	126	15	informed	inform	VERB
cjfa-12572	126	16	their	their	PRON
cjfa-12572	126	17	supervisory	supervisory	ADJ
cjfa-12572	126	18	board	board	NOUN
cjfa-12572	126	19	about	about	ADP
cjfa-12572	126	20	the	the	DET
cjfa-12572	126	21	most	most	ADV
cjfa-12572	126	22	important	important	ADJ
cjfa-12572	126	23	types	type	NOUN
cjfa-12572	126	24	of	of	ADP
cjfa-12572	126	25	risks	risk	NOUN
cjfa-12572	126	26	and	and	CCONJ
cjfa-12572	126	27	control	control	NOUN
cjfa-12572	126	28	mechanisms	mechanism	NOUN
cjfa-12572	126	29	approved	approve	VERB
cjfa-12572	126	30	.	.	PUNCT
cjfa-12572	127	1	the	the	DET
cjfa-12572	127	2	state	state	NOUN
cjfa-12572	127	3	analysis	analysis	NOUN
cjfa-12572	127	4	of	of	ADP
cjfa-12572	127	5	risk	risk	NOUN
cjfa-12572	127	6	managment	managment	NOUN
cjfa-12572	127	7	in	in	ADP
cjfa-12572	127	8	insurance	insurance	NOUN
cjfa-12572	127	9	undertakings	undertaking	NOUN
cjfa-12572	127	10	concerns	concern	NOUN
cjfa-12572	127	11	the	the	DET
cjfa-12572	127	12	time	time	NOUN
cjfa-12572	127	13	before	before	SCONJ
cjfa-12572	127	14	commission	commission	NOUN
cjfa-12572	127	15	delegated	delegate	VERB
cjfa-12572	127	16	regulation	regulation	NOUN
cjfa-12572	127	17	of	of	ADP
cjfa-12572	127	18	10/10/2014	10/10/2014	NUM
cjfa-12572	127	19	and	and	CCONJ
cjfa-12572	127	20	insurance	insurance	NOUN
cjfa-12572	127	21	and	and	CCONJ
cjfa-12572	127	22	reinsurance	reinsurance	NOUN
cjfa-12572	127	23	activity	activity	NOUN
cjfa-12572	127	24	act	act	NOUN
cjfa-12572	127	25	of	of	ADP
cjfa-12572	127	26	11/09/2015	11/09/2015	NUM
cjfa-12572	127	27	came	come	VERB
cjfa-12572	127	28	into	into	ADP
cjfa-12572	127	29	force	force	NOUN
cjfa-12572	127	30	.	.	PUNCT
cjfa-12572	128	1	even	even	ADV
cjfa-12572	128	2	though	though	ADV
cjfa-12572	128	3	,	,	PUNCT
cjfa-12572	128	4	we	we	PRON
cjfa-12572	128	5	need	need	VERB
cjfa-12572	128	6	to	to	PART
cjfa-12572	128	7	observe	observe	VERB
cjfa-12572	128	8	a	a	DET
cjfa-12572	128	9	few	few	ADJ
cjfa-12572	128	10	things	thing	NOUN
cjfa-12572	128	11	.	.	PUNCT
cjfa-12572	129	1	only	only	ADV
cjfa-12572	129	2	in	in	ADP
cjfa-12572	129	3	66	66	NUM
cjfa-12572	129	4	%	%	NOUN
cjfa-12572	129	5	of	of	ADP
cjfa-12572	129	6	insurers	insurer	NOUN
cjfa-12572	129	7	a	a	DET
cjfa-12572	129	8	risk	risk	NOUN
cjfa-12572	129	9	management	management	NOUN
cjfa-12572	129	10	strategy	strategy	NOUN
cjfa-12572	129	11	functions	function	NOUN
cjfa-12572	129	12	.	.	PUNCT
cjfa-12572	130	1	it	it	PRON
cjfa-12572	130	2	is	be	AUX
cjfa-12572	130	3	worth	worth	ADJ
cjfa-12572	130	4	comparing	compare	VERB
cjfa-12572	130	5	to	to	ADP
cjfa-12572	130	6	88	88	NUM
cjfa-12572	130	7	%	%	NOUN
cjfa-12572	130	8	of	of	ADP
cjfa-12572	130	9	insurance	insurance	NOUN
cjfa-12572	130	10	undertakings	undertaking	NOUN
cjfa-12572	130	11	which	which	PRON
cjfa-12572	130	12	have	have	AUX
cjfa-12572	130	13	separated	separate	VERB
cjfa-12572	130	14	station	station	NOUN
cjfa-12572	130	15	or	or	CCONJ
cjfa-12572	130	16	unit	unit	NOUN
cjfa-12572	130	17	.	.	PUNCT
cjfa-12572	131	1	it	it	PRON
cjfa-12572	131	2	follows	follow	VERB
cjfa-12572	131	3	that	that	SCONJ
cjfa-12572	131	4	in	in	ADP
cjfa-12572	131	5	as	as	ADV
cjfa-12572	131	6	far	far	ADV
cjfa-12572	131	7	as	as	ADP
cjfa-12572	131	8	22	22	NUM
cjfa-12572	131	9	%	%	NOUN
cjfa-12572	131	10	of	of	ADP
cjfa-12572	131	11	insurers	insurer	NOUN
cjfa-12572	131	12	function	function	VERB
cjfa-12572	131	13	risk	risk	NOUN
cjfa-12572	131	14	management	management	NOUN
cjfa-12572	131	15	unit	unit	NOUN
cjfa-12572	131	16	without	without	ADP
cjfa-12572	131	17	strategy	strategy	NOUN
cjfa-12572	131	18	.	.	PUNCT
cjfa-12572	132	1	moreover	moreover	ADV
cjfa-12572	132	2	,	,	PUNCT
cjfa-12572	132	3	only	only	ADV
cjfa-12572	132	4	47	47	NUM
cjfa-12572	132	5	entities	entity	NOUN
cjfa-12572	132	6	have	have	AUX
cjfa-12572	132	7	written	write	VERB
cjfa-12572	132	8	rules	rule	NOUN
cjfa-12572	132	9	of	of	ADP
cjfa-12572	132	10	risk	risk	NOUN
cjfa-12572	132	11	management	management	NOUN
cjfa-12572	132	12	,	,	PUNCT
cjfa-12572	132	13	and	and	CCONJ
cjfa-12572	132	14	51	51	NUM
cjfa-12572	132	15	insurance	insurance	NOUN
cjfa-12572	132	16	undertakings	undertaking	NOUN
cjfa-12572	132	17	do	do	VERB
cjfa-12572	132	18	periodical	periodical	ADJ
cjfa-12572	132	19	effectiveness	effectiveness	NOUN
cjfa-12572	132	20	risk	risk	NOUN
cjfa-12572	132	21	management	management	NOUN
cjfa-12572	132	22	review	review	NOUN
cjfa-12572	132	23	.	.	PUNCT
cjfa-12572	133	1	so	so	ADV
cjfa-12572	133	2	,	,	PUNCT
cjfa-12572	133	3	almost	almost	ADV
cjfa-12572	133	4	8	8	NUM
cjfa-12572	133	5	%	%	NOUN
cjfa-12572	133	6	(	(	PUNCT
cjfa-12572	133	7	4	4	NUM
cjfa-12572	133	8	of	of	ADP
cjfa-12572	133	9	51	51	NUM
cjfa-12572	133	10	)	)	PUNCT
cjfa-12572	133	11	entities	entity	NOUN
cjfa-12572	133	12	do	do	AUX
cjfa-12572	133	13	review	review	VERB
cjfa-12572	133	14	without	without	ADP
cjfa-12572	133	15	rules	rule	NOUN
cjfa-12572	133	16	in	in	ADP
cjfa-12572	133	17	black	black	ADJ
cjfa-12572	133	18	and	and	CCONJ
cjfa-12572	133	19	white	white	ADJ
cjfa-12572	133	20	.	.	PUNCT
cjfa-12572	134	1	finally	finally	ADV
cjfa-12572	134	2	,	,	PUNCT
cjfa-12572	134	3	57	57	NUM
cjfa-12572	134	4	insurers	insurer	NOUN
cjfa-12572	134	5	informed	inform	VERB
cjfa-12572	134	6	their	their	PRON
cjfa-12572	134	7	supervisory	supervisory	ADJ
cjfa-12572	134	8	board	board	NOUN
cjfa-12572	134	9	about	about	ADP
cjfa-12572	134	10	e.g.	e.g.	ADV
cjfa-12572	134	11	control	control	NOUN
cjfa-12572	134	12	mechanisms	mechanism	NOUN
cjfa-12572	134	13	,	,	PUNCT
cjfa-12572	134	14	but	but	CCONJ
cjfa-12572	134	15	only	only	ADV
cjfa-12572	134	16	51	51	NUM
cjfa-12572	134	17	of	of	ADP
cjfa-12572	134	18	them	they	PRON
cjfa-12572	134	19	check	check	VERB
cjfa-12572	134	20	efpaweł	efpaweł	PROPN
cjfa-12572	134	21	dzięcioł82	dzięcioł82	VERB
cjfa-12572	134	22	fectiveness	fectiveness	NOUN
cjfa-12572	134	23	of	of	ADP
cjfa-12572	134	24	risk	risk	NOUN
cjfa-12572	134	25	management	management	NOUN
cjfa-12572	134	26	system	system	NOUN
cjfa-12572	134	27	.	.	PUNCT
cjfa-12572	135	1	thus	thus	ADV
cjfa-12572	135	2	,	,	PUNCT
cjfa-12572	135	3	over	over	ADP
cjfa-12572	135	4	10	10	NUM
cjfa-12572	135	5	%	%	NOUN
cjfa-12572	135	6	of	of	ADP
cjfa-12572	135	7	insurance	insurance	NOUN
cjfa-12572	135	8	undertakings	undertaking	NOUN
cjfa-12572	135	9	accepted	accept	VERB
cjfa-12572	135	10	a	a	DET
cjfa-12572	135	11	system	system	NOUN
cjfa-12572	135	12	,	,	PUNCT
cjfa-12572	135	13	but	but	CCONJ
cjfa-12572	135	14	do	do	AUX
cjfa-12572	135	15	not	not	PART
cjfa-12572	135	16	check	check	VERB
cjfa-12572	135	17	its	its	PRON
cjfa-12572	135	18	efficacy	efficacy	NOUN
cjfa-12572	135	19	.	.	PUNCT
cjfa-12572	136	1	graph	graph	NOUN
cjfa-12572	136	2	3	3	NUM
cjfa-12572	136	3	.	.	NOUN
cjfa-12572	136	4	effectiveness	effectiveness	NOUN
cjfa-12572	136	5	risk	risk	NOUN
cjfa-12572	136	6	management	management	NOUN
cjfa-12572	136	7	review	review	NOUN
cjfa-12572	136	8	in	in	ADP
cjfa-12572	136	9	insurance	insurance	NOUN
cjfa-12572	136	10	undertakings	undertaking	NOUN
cjfa-12572	136	11	in	in	ADP
cjfa-12572	136	12	2012	2012	NUM
cjfa-12572	136	13	s	s	PART
cjfa-12572	136	14	o	o	X
cjfa-12572	136	15	u	u	NOUN
cjfa-12572	136	16	r	r	NOUN
cjfa-12572	136	17	c	c	NOUN
cjfa-12572	136	18	e	e	NOUN
cjfa-12572	136	19	:	:	PUNCT
cjfa-12572	136	20	own	own	ADJ
cjfa-12572	136	21	study	study	NOUN
cjfa-12572	136	22	based	base	VERB
cjfa-12572	136	23	on	on	ADP
cjfa-12572	136	24	:	:	PUNCT
cjfa-12572	136	25	antczak	antczak	PROPN
cjfa-12572	136	26	et	et	PROPN
cjfa-12572	136	27	al	al	PROPN
cjfa-12572	136	28	.	.	PROPN
cjfa-12572	136	29	,	,	PUNCT
cjfa-12572	136	30	2013	2013	NUM
cjfa-12572	136	31	,	,	PUNCT
cjfa-12572	136	32	p.	p.	NOUN
cjfa-12572	136	33	24	24	NUM
cjfa-12572	136	34	.	.	PUNCT
cjfa-12572	137	1	the	the	DET
cjfa-12572	137	2	conclusions	conclusion	NOUN
cjfa-12572	137	3	from	from	ADP
cjfa-12572	137	4	the	the	DET
cjfa-12572	137	5	research	research	NOUN
cjfa-12572	137	6	the	the	DET
cjfa-12572	137	7	foregoing	forego	VERB
cjfa-12572	137	8	state	state	NOUN
cjfa-12572	137	9	analysis	analysis	NOUN
cjfa-12572	137	10	of	of	ADP
cjfa-12572	137	11	risk	risk	NOUN
cjfa-12572	137	12	management	management	NOUN
cjfa-12572	137	13	in	in	ADP
cjfa-12572	137	14	insurers	insurer	NOUN
cjfa-12572	137	15	shows	show	VERB
cjfa-12572	137	16	that	that	SCONJ
cjfa-12572	137	17	demands	demand	NOUN
cjfa-12572	137	18	of	of	ADP
cjfa-12572	137	19	solvency	solvency	NOUN
cjfa-12572	137	20	ii	ii	NOUN
cjfa-12572	137	21	increase	increase	NOUN
cjfa-12572	137	22	bureaucracy	bureaucracy	NOUN
cjfa-12572	137	23	,	,	PUNCT
cjfa-12572	137	24	despite	despite	SCONJ
cjfa-12572	137	25	that	that	DET
cjfa-12572	137	26	analysis	analysis	NOUN
cjfa-12572	137	27	focus	focus	VERB
cjfa-12572	137	28	on	on	ADP
cjfa-12572	137	29	formal	formal	ADJ
cjfa-12572	137	30	(	(	PUNCT
cjfa-12572	137	31	e.g.	e.g.	ADV
cjfa-12572	137	32	strategy	strategy	NOUN
cjfa-12572	137	33	,	,	PUNCT
cjfa-12572	137	34	rules	rule	NOUN
cjfa-12572	137	35	or	or	CCONJ
cjfa-12572	137	36	units	unit	NOUN
cjfa-12572	137	37	)	)	PUNCT
cjfa-12572	137	38	.	.	PUNCT
cjfa-12572	138	1	to	to	PART
cjfa-12572	138	2	confirm	confirm	VERB
cjfa-12572	138	3	it	it	PRON
cjfa-12572	138	4	,	,	PUNCT
cjfa-12572	138	5	we	we	PRON
cjfa-12572	138	6	saw	see	VERB
cjfa-12572	138	7	that	that	SCONJ
cjfa-12572	138	8	entities	entity	NOUN
cjfa-12572	138	9	create	create	VERB
cjfa-12572	138	10	station	station	NOUN
cjfa-12572	138	11	,	,	PUNCT
cjfa-12572	138	12	but	but	CCONJ
cjfa-12572	138	13	do	do	AUX
cjfa-12572	138	14	not	not	PART
cjfa-12572	138	15	have	have	VERB
cjfa-12572	138	16	strategy	strategy	NOUN
cjfa-12572	138	17	,	,	PUNCT
cjfa-12572	138	18	they	they	PRON
cjfa-12572	138	19	inform	inform	VERB
cjfa-12572	138	20	supervisory	supervisory	ADJ
cjfa-12572	138	21	board	board	NOUN
cjfa-12572	138	22	about	about	ADP
cjfa-12572	138	23	effects	effect	NOUN
cjfa-12572	138	24	,	,	PUNCT
cjfa-12572	138	25	but	but	CCONJ
cjfa-12572	138	26	then	then	ADV
cjfa-12572	138	27	not	not	PART
cjfa-12572	138	28	all	all	PRON
cjfa-12572	138	29	of	of	ADP
cjfa-12572	138	30	them	they	PRON
cjfa-12572	138	31	check	check	VERB
cjfa-12572	138	32	that	that	DET
cjfa-12572	138	33	effectiveness	effectiveness	NOUN
cjfa-12572	138	34	.	.	PUNCT
cjfa-12572	139	1	even	even	ADV
cjfa-12572	139	2	if	if	SCONJ
cjfa-12572	139	3	a	a	DET
cjfa-12572	139	4	risk	risk	NOUN
cjfa-12572	139	5	assessment	assessment	NOUN
cjfa-12572	139	6	is	be	AUX
cjfa-12572	139	7	done	do	VERB
cjfa-12572	139	8	,	,	PUNCT
cjfa-12572	139	9	some	some	DET
cjfa-12572	139	10	insurance	insurance	NOUN
cjfa-12572	139	11	undertakings	undertaking	NOUN
cjfa-12572	139	12	do	do	VERB
cjfa-12572	139	13	it	it	PRON
cjfa-12572	139	14	based	base	VERB
cjfa-12572	139	15	on	on	ADP
cjfa-12572	139	16	established	establish	VERB
cjfa-12572	139	17	rules	rule	NOUN
cjfa-12572	139	18	.	.	PUNCT
cjfa-12572	140	1	we	we	PRON
cjfa-12572	140	2	probably	probably	ADV
cjfa-12572	140	3	can	can	AUX
cjfa-12572	140	4	summarize	summarize	VERB
cjfa-12572	140	5	,	,	PUNCT
cjfa-12572	140	6	that	that	SCONJ
cjfa-12572	140	7	the	the	DET
cjfa-12572	140	8	obligatory	obligatory	ADJ
cjfa-12572	140	9	risk	risk	NOUN
cjfa-12572	140	10	management	management	NOUN
cjfa-12572	140	11	system	system	NOUN
cjfa-12572	140	12	for	for	ADP
cjfa-12572	140	13	insurers	insurer	NOUN
cjfa-12572	140	14	is	be	AUX
cjfa-12572	140	15	not	not	PART
cjfa-12572	140	16	match	match	ADJ
cjfa-12572	140	17	to	to	ADP
cjfa-12572	140	18	enterprise	enterprise	NOUN
cjfa-12572	140	19	risk	risk	NOUN
cjfa-12572	140	20	management	management	NOUN
cjfa-12572	140	21	conception	conception	NOUN
cjfa-12572	140	22	(	(	PUNCT
cjfa-12572	140	23	erm	erm	PROPN
cjfa-12572	140	24	)	)	PUNCT
cjfa-12572	140	25	.	.	PUNCT
cjfa-12572	141	1	definitely	definitely	ADV
cjfa-12572	141	2	,	,	PUNCT
cjfa-12572	141	3	it	it	PRON
cjfa-12572	141	4	is	be	AUX
cjfa-12572	141	5	not	not	PART
cjfa-12572	141	6	necessary	necessary	ADJ
cjfa-12572	141	7	condition	condition	NOUN
cjfa-12572	141	8	,	,	PUNCT
cjfa-12572	141	9	nevertheless	nevertheless	ADV
cjfa-12572	141	10	searching	search	VERB
cjfa-12572	141	11	effectiveness	effectiveness	NOUN
cjfa-12572	141	12	or	or	CCONJ
cjfa-12572	141	13	efficacy	efficacy	NOUN
cjfa-12572	141	14	of	of	ADP
cjfa-12572	141	15	obligatory	obligatory	ADJ
cjfa-12572	141	16	risk	risk	NOUN
cjfa-12572	141	17	management	management	NOUN
cjfa-12572	141	18	system	system	NOUN
cjfa-12572	141	19	is	be	AUX
cjfa-12572	141	20	futile	futile	ADJ
cjfa-12572	141	21	.	.	PUNCT
cjfa-12572	142	1	the	the	DET
cjfa-12572	142	2	essence	essence	NOUN
cjfa-12572	142	3	of	of	ADP
cjfa-12572	142	4	that	that	PRON
cjfa-12572	142	5	is	be	AUX
cjfa-12572	142	6	to	to	PART
cjfa-12572	142	7	fulfill	fulfill	VERB
cjfa-12572	142	8	duty	duty	NOUN
cjfa-12572	142	9	.	.	PUNCT
cjfa-12572	143	1	to	to	PART
cjfa-12572	143	2	sum	sum	VERB
cjfa-12572	143	3	up	up	ADP
cjfa-12572	143	4	,	,	PUNCT
cjfa-12572	143	5	in	in	ADP
cjfa-12572	143	6	consideration	consideration	NOUN
cjfa-12572	143	7	of	of	ADP
cjfa-12572	143	8	the	the	DET
cjfa-12572	143	9	above	above	NOUN
cjfa-12572	143	10	the	the	DET
cjfa-12572	143	11	hypothesis	hypothesis	NOUN
cjfa-12572	143	12	was	be	AUX
cjfa-12572	143	13	proved	prove	VERB
cjfa-12572	143	14	.	.	PUNCT
cjfa-12572	144	1	even	even	ADV
cjfa-12572	144	2	though	though	SCONJ
cjfa-12572	144	3	the	the	DET
cjfa-12572	144	4	hypothesis	hypothesis	NOUN
cjfa-12572	144	5	which	which	PRON
cjfa-12572	144	6	was	be	AUX
cjfa-12572	144	7	put	put	VERB
cjfa-12572	144	8	forward	forward	ADV
cjfa-12572	144	9	in	in	ADP
cjfa-12572	144	10	the	the	DET
cjfa-12572	144	11	article	article	NOUN
cjfa-12572	144	12	is	be	AUX
cjfa-12572	144	13	ordinary	ordinary	ADJ
cjfa-12572	144	14	for	for	ADP
cjfa-12572	144	15	many	many	ADJ
cjfa-12572	144	16	people	people	NOUN
cjfa-12572	144	17	,	,	PUNCT
cjfa-12572	144	18	it	it	PRON
cjfa-12572	144	19	does	do	AUX
cjfa-12572	144	20	not	not	PART
cjfa-12572	144	21	be	be	AUX
cjfa-12572	144	22	obvious	obvious	ADJ
cjfa-12572	144	23	for	for	ADP
cjfa-12572	144	24	everybody	everybody	PRON
cjfa-12572	144	25	.	.	PUNCT
cjfa-12572	145	1	for	for	ADP
cjfa-12572	145	2	example	example	NOUN
cjfa-12572	145	3	,	,	PUNCT
cjfa-12572	145	4	the	the	DET
cjfa-12572	145	5	legislator	legislator	NOUN
cjfa-12572	145	6	imple	imple	VERB
cjfa-12572	145	7	a	a	DET
cjfa-12572	145	8	risk	risk	NOUN
cjfa-12572	145	9	management	management	NOUN
cjfa-12572	145	10	system	system	NOUN
cjfa-12572	145	11	in	in	ADP
cjfa-12572	145	12	insurance	insurance	NOUN
cjfa-12572	145	13	undertaking	undertake	VERB
cjfa-12572	145	14	83	83	NUM
cjfa-12572	145	15	ments	ment	NOUN
cjfa-12572	145	16	the	the	DET
cjfa-12572	145	17	duty	duty	NOUN
cjfa-12572	145	18	of	of	ADP
cjfa-12572	145	19	risk	risk	NOUN
cjfa-12572	145	20	management	management	NOUN
cjfa-12572	145	21	system	system	NOUN
cjfa-12572	145	22	for	for	ADP
cjfa-12572	145	23	insurance	insurance	NOUN
cjfa-12572	145	24	undertaking	undertaking	NOUN
cjfa-12572	145	25	,	,	PUNCT
cjfa-12572	145	26	with	with	ADP
cjfa-12572	145	27	an	an	DET
cjfa-12572	145	28	idea	idea	NOUN
cjfa-12572	145	29	of	of	ADP
cjfa-12572	145	30	risk	risk	NOUN
cjfa-12572	145	31	management	management	NOUN
cjfa-12572	145	32	system	system	NOUN
cjfa-12572	145	33	effectiveness	effectiveness	NOUN
cjfa-12572	145	34	as	as	ADV
cjfa-12572	145	35	well	well	ADV
cjfa-12572	145	36	as	as	ADP
cjfa-12572	145	37	expects	expect	VERB
cjfa-12572	145	38	economic	economic	ADJ
cjfa-12572	145	39	performance	performance	NOUN
cjfa-12572	145	40	(	(	PUNCT
cjfa-12572	145	41	ustawa	ustawa	PROPN
cjfa-12572	145	42	o	o	PROPN
cjfa-12572	145	43	działalności	działalności	PROPN
cjfa-12572	145	44	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	145	45	,	,	PUNCT
cjfa-12572	145	46	2015	2015	NUM
cjfa-12572	145	47	,	,	PUNCT
cjfa-12572	145	48	art	art	NOUN
cjfa-12572	145	49	.	.	PUNCT
cjfa-12572	146	1	56	56	NUM
cjfa-12572	146	2	,	,	PUNCT
cjfa-12572	146	3	ust	ust	PROPN
cjfa-12572	146	4	.	.	NOUN
cjfa-12572	146	5	1	1	NUM
cjfa-12572	146	6	)	)	PUNCT
cjfa-12572	146	7	.	.	PUNCT
cjfa-12572	147	1	however	however	ADV
cjfa-12572	147	2	,	,	PUNCT
cjfa-12572	147	3	the	the	DET
cjfa-12572	147	4	conclusion	conclusion	NOUN
cjfa-12572	147	5	from	from	ADP
cjfa-12572	147	6	the	the	DET
cjfa-12572	147	7	research	research	NOUN
cjfa-12572	147	8	indicates	indicate	VERB
cjfa-12572	147	9	a	a	DET
cjfa-12572	147	10	backfire	backfire	NOUN
cjfa-12572	147	11	.	.	PUNCT
cjfa-12572	147	12	 	 	SPACE
cjfa-12572	148	1	references	reference	NOUN
cjfa-12572	148	2	antczak	antczak	PROPN
cjfa-12572	148	3	,	,	PUNCT
cjfa-12572	148	4	j.	j.	PROPN
cjfa-12572	148	5	,	,	PUNCT
cjfa-12572	148	6	jenerał	jenerał	PROPN
cjfa-12572	148	7	,	,	PUNCT
cjfa-12572	148	8	k.	k.	PROPN
cjfa-12572	148	9	,	,	PUNCT
cjfa-12572	148	10	kornacka	kornacka	PROPN
cjfa-12572	148	11	,	,	PUNCT
cjfa-12572	148	12	e.	e.	PROPN
cjfa-12572	148	13	,	,	PUNCT
cjfa-12572	148	14	lenard	lenard	PROPN
cjfa-12572	148	15	,	,	PUNCT
cjfa-12572	148	16	j.	j.	PROPN
cjfa-12572	148	17	,	,	PUNCT
cjfa-12572	148	18	popadyniec	popadyniec	NOUN
cjfa-12572	148	19	,	,	PUNCT
cjfa-12572	148	20	r.	r.	PROPN
cjfa-12572	148	21	,	,	PUNCT
cjfa-12572	148	22	rajca	rajca	PROPN
cjfa-12572	148	23	,	,	PUNCT
cjfa-12572	148	24	b.	b.	PROPN
cjfa-12572	148	25	,	,	PUNCT
cjfa-12572	148	26	sambora	sambora	PROPN
cjfa-12572	148	27	,	,	PUNCT
cjfa-12572	148	28	b.	b.	PROPN
cjfa-12572	148	29	,	,	PUNCT
cjfa-12572	148	30	stasiak	stasiak	PROPN
cjfa-12572	148	31	,	,	PUNCT
cjfa-12572	148	32	w.	w.	PROPN
cjfa-12572	148	33	,	,	PUNCT
cjfa-12572	148	34	szambelan	szambelan	PROPN
cjfa-12572	148	35	-	-	PUNCT
cjfa-12572	148	36	bakuła	bakuła	NOUN
cjfa-12572	148	37	,	,	PUNCT
cjfa-12572	148	38	e.	e.	PROPN
cjfa-12572	148	39	,	,	PUNCT
cjfa-12572	148	40	tomaszkiewicz	tomaszkiewicz	PROPN
cjfa-12572	148	41	,	,	PUNCT
cjfa-12572	148	42	a.	a.	NOUN
cjfa-12572	148	43	,	,	PUNCT
cjfa-12572	148	44	wawrzeniecka	wawrzeniecka	PROPN
cjfa-12572	148	45	,	,	PUNCT
cjfa-12572	148	46	a.	a.	NOUN
cjfa-12572	148	47	,	,	PUNCT
cjfa-12572	148	48	wiącek	wiącek	PROPN
cjfa-12572	148	49	,	,	PUNCT
cjfa-12572	148	50	t.	t.	NOUN
cjfa-12572	148	51	,	,	PUNCT
cjfa-12572	148	52	chądzyński	chądzyński	PROPN
cjfa-12572	148	53	,	,	PUNCT
cjfa-12572	148	54	a.	a.	NOUN
cjfa-12572	148	55	,	,	PUNCT
cjfa-12572	148	56	kowalski	kowalski	PROPN
cjfa-12572	148	57	,	,	PUNCT
cjfa-12572	148	58	r.	r.	PROPN
cjfa-12572	148	59	(	(	PUNCT
cjfa-12572	148	60	2013	2013	NUM
cjfa-12572	148	61	)	)	PUNCT
cjfa-12572	148	62	.	.	PUNCT
cjfa-12572	149	1	audyt	audyt	PROPN
cjfa-12572	149	2	–	–	PUNCT
cjfa-12572	149	3	compliance	compliance	NOUN
cjfa-12572	149	4	–	–	PUNCT
cjfa-12572	149	5	zarządzanie	zarządzanie	NOUN
cjfa-12572	149	6	ryzykiem	ryzykiem	NOUN
cjfa-12572	149	7	–	–	PUNCT
cjfa-12572	149	8	aktuariat	aktuariat	PROPN
cjfa-12572	149	9	.	.	PUNCT
cjfa-12572	150	1	modele	modele	PROPN
cjfa-12572	150	2	współpracy	współpracy	PROPN
cjfa-12572	150	3	w	w	PROPN
cjfa-12572	150	4	zakładach	zakładach	PROPN
cjfa-12572	150	5	ubezpieczeń	ubezpieczeń	PROPN
cjfa-12572	150	6	.	.	PUNCT
cjfa-12572	151	1	warsaw	warsaw	PROPN
cjfa-12572	151	2	:	:	PUNCT
cjfa-12572	151	3	polish	polish	PROPN
cjfa-12572	151	4	insurance	insurance	PROPN
cjfa-12572	151	5	association	association	PROPN
cjfa-12572	151	6	.	.	PUNCT
cjfa-12572	152	1	breccia	breccia	PROPN
cjfa-12572	152	2	,	,	PUNCT
cjfa-12572	152	3	a.	a.	NOUN
cjfa-12572	152	4	(	(	PUNCT
cjfa-12572	152	5	2012	2012	NUM
cjfa-12572	152	6	)	)	PUNCT
cjfa-12572	152	7	.	.	PUNCT
cjfa-12572	153	1	default	default	NOUN
cjfa-12572	153	2	risk	risk	NOUN
cjfa-12572	153	3	in	in	ADP
cjfa-12572	153	4	merton	merton	PROPN
cjfa-12572	153	5	’s	’s	PART
cjfa-12572	153	6	model	model	NOUN
cjfa-12572	153	7	,	,	PUNCT
cjfa-12572	153	8	http://www.bbk.ac.uk	http://www.bbk.ac.uk	PROPN
cjfa-12572	153	9	(	(	PUNCT
cjfa-12572	153	10	accessed	access	VERB
cjfa-12572	153	11	:	:	PUNCT
cjfa-12572	153	12	19.01.2017	19.01.2017	NUM
cjfa-12572	153	13	)	)	PUNCT
cjfa-12572	153	14	.	.	PUNCT
cjfa-12572	154	1	commission	commission	PROPN
cjfa-12572	154	2	delegated	delegate	VERB
cjfa-12572	154	3	regulation	regulation	NOUN
cjfa-12572	154	4	(	(	PUNCT
cjfa-12572	154	5	eu	eu	NOUN
cjfa-12572	154	6	)	)	PUNCT
cjfa-12572	154	7	2015/35	2015/35	NUM
cjfa-12572	154	8	of	of	ADP
cjfa-12572	154	9	10/10/2014	10/10/2014	NUM
cjfa-12572	154	10	supplementing	supplement	VERB
cjfa-12572	154	11	directive	directive	NOUN
cjfa-12572	154	12	2009/138	2009/138	NUM
cjfa-12572	154	13	/	/	SYM
cjfa-12572	154	14	ec	ec	PROPN
cjfa-12572	154	15	of	of	ADP
cjfa-12572	154	16	the	the	DET
cjfa-12572	154	17	european	european	ADJ
cjfa-12572	154	18	parliament	parliament	NOUN
cjfa-12572	154	19	and	and	CCONJ
cjfa-12572	154	20	of	of	ADP
cjfa-12572	154	21	the	the	DET
cjfa-12572	154	22	council	council	NOUN
cjfa-12572	154	23	on	on	ADP
cjfa-12572	154	24	the	the	DET
cjfa-12572	154	25	taking	taking	NOUN
cjfa-12572	154	26	-	-	PUNCT
cjfa-12572	154	27	up	up	NOUN
cjfa-12572	154	28	and	and	CCONJ
cjfa-12572	154	29	pursuit	pursuit	NOUN
cjfa-12572	154	30	of	of	ADP
cjfa-12572	154	31	the	the	DET
cjfa-12572	154	32	business	business	NOUN
cjfa-12572	154	33	of	of	ADP
cjfa-12572	154	34	insurance	insurance	NOUN
cjfa-12572	154	35	and	and	CCONJ
cjfa-12572	154	36	reinsurance	reinsurance	NOUN
cjfa-12572	154	37	(	(	PUNCT
cjfa-12572	154	38	solvency	solvency	NOUN
cjfa-12572	154	39	ii	ii	PROPN
cjfa-12572	154	40	)	)	PUNCT
cjfa-12572	154	41	,	,	PUNCT
cjfa-12572	154	42	journal	journal	NOUN
cjfa-12572	154	43	of	of	ADP
cjfa-12572	154	44	laws	law	NOUN
cjfa-12572	154	45	from	from	ADP
cjfa-12572	154	46	2015	2015	NUM
cjfa-12572	154	47	l.	l.	NOUN
cjfa-12572	154	48	12	12	NUM
cjfa-12572	154	49	.	.	PUNCT
cjfa-12572	155	1	dionne	dionne	PROPN
cjfa-12572	155	2	,	,	PUNCT
cjfa-12572	155	3	g.	g.	PROPN
cjfa-12572	155	4	(	(	PUNCT
cjfa-12572	155	5	2013	2013	NUM
cjfa-12572	155	6	)	)	PUNCT
cjfa-12572	155	7	.	.	PUNCT
cjfa-12572	156	1	risk	risk	NOUN
cjfa-12572	156	2	management	management	NOUN
cjfa-12572	156	3	:	:	PUNCT
cjfa-12572	156	4	history	history	NOUN
cjfa-12572	156	5	,	,	PUNCT
cjfa-12572	156	6	definition	definition	NOUN
cjfa-12572	156	7	and	and	CCONJ
cjfa-12572	156	8	critique	critique	NOUN
cjfa-12572	156	9	,	,	PUNCT
cjfa-12572	156	10	cirrelt	cirrelt	ADJ
cjfa-12572	156	11	,	,	PUNCT
cjfa-12572	156	12	https://	https://	PROPN
cjfa-12572	156	13	www.cirrelt.ca/	www.cirrelt.ca/	PROPN
cjfa-12572	156	14	(	(	PUNCT
cjfa-12572	156	15	accessed	access	VERB
cjfa-12572	156	16	:	:	PUNCT
cjfa-12572	156	17	19.01.2016	19.01.2016	NUM
cjfa-12572	156	18	)	)	PUNCT
cjfa-12572	156	19	.	.	PUNCT
cjfa-12572	157	1	directive	directive	NOUN
cjfa-12572	157	2	2009/138	2009/138	NUM
cjfa-12572	157	3	/	/	SYM
cjfa-12572	157	4	ec	ec	PROPN
cjfa-12572	157	5	of	of	ADP
cjfa-12572	157	6	the	the	DET
cjfa-12572	157	7	european	european	ADJ
cjfa-12572	157	8	parliament	parliament	NOUN
cjfa-12572	157	9	and	and	CCONJ
cjfa-12572	157	10	of	of	ADP
cjfa-12572	157	11	the	the	DET
cjfa-12572	157	12	council	council	NOUN
cjfa-12572	157	13	of	of	ADP
cjfa-12572	157	14	25/11/2009	25/11/2009	NUM
cjfa-12572	157	15	on	on	ADP
cjfa-12572	157	16	the	the	DET
cjfa-12572	157	17	taking	taking	NOUN
cjfa-12572	157	18	-	-	PUNCT
cjfa-12572	157	19	up	up	NOUN
cjfa-12572	157	20	and	and	CCONJ
cjfa-12572	157	21	pursuit	pursuit	NOUN
cjfa-12572	157	22	of	of	ADP
cjfa-12572	157	23	the	the	DET
cjfa-12572	157	24	business	business	NOUN
cjfa-12572	157	25	of	of	ADP
cjfa-12572	157	26	insurance	insurance	NOUN
cjfa-12572	157	27	and	and	CCONJ
cjfa-12572	157	28	reinsurance	reinsurance	NOUN
cjfa-12572	157	29	(	(	PUNCT
cjfa-12572	157	30	solvency	solvency	NOUN
cjfa-12572	157	31	ii	ii	PROPN
cjfa-12572	157	32	)	)	PUNCT
cjfa-12572	157	33	,	,	PUNCT
cjfa-12572	157	34	journal	journal	NOUN
cjfa-12572	157	35	of	of	ADP
cjfa-12572	157	36	laws	law	NOUN
cjfa-12572	157	37	from	from	ADP
cjfa-12572	157	38	2009	2009	NUM
cjfa-12572	157	39	l.	l.	PROPN
cjfa-12572	157	40	335	335	NUM
cjfa-12572	157	41	hadyniak	hadyniak	PROPN
cjfa-12572	157	42	,	,	PUNCT
cjfa-12572	157	43	b.	b.	PROPN
cjfa-12572	157	44	(	(	PUNCT
cjfa-12572	157	45	2010	2010	NUM
cjfa-12572	157	46	)	)	PUNCT
cjfa-12572	157	47	.	.	PUNCT
cjfa-12572	158	1	zarządzanie	zarządzanie	PROPN
cjfa-12572	158	2	ryzykiem	ryzykiem	PROPN
cjfa-12572	158	3	w	w	PROPN
cjfa-12572	158	4	przedsiębiorstwie	przedsiębiorstwie	PROPN
cjfa-12572	158	5	.	.	PUNCT
cjfa-12572	159	1	in	in	ADP
cjfa-12572	159	2	b.	b.	PROPN
cjfa-12572	159	3	hadyniak	hadyniak	PROPN
cjfa-12572	159	4	,	,	PUNCT
cjfa-12572	159	5	j.	j.	PROPN
cjfa-12572	159	6	monkiewicz	monkiewicz	PROPN
cjfa-12572	159	7	(	(	PUNCT
cjfa-12572	159	8	ed	ed	NOUN
cjfa-12572	159	9	.	.	PUNCT
cjfa-12572	159	10	)	)	PUNCT
cjfa-12572	159	11	,	,	PUNCT
cjfa-12572	159	12	ubezpieczenia	ubezpieczenia	PROPN
cjfa-12572	159	13	w	w	PROPN
cjfa-12572	159	14	zarządzaniu	zarządzaniu	PROPN
cjfa-12572	159	15	ryzykiem	ryzykiem	PROPN
cjfa-12572	159	16	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-12572	159	17	.	.	PUNCT
cjfa-12572	160	1	warsaw	warsaw	PROPN
cjfa-12572	160	2	:	:	PUNCT
cjfa-12572	161	1	poltext	poltext	NOUN
cjfa-12572	161	2	.	.	PUNCT
cjfa-12572	162	1	malinowska	malinowska	PROPN
cjfa-12572	162	2	,	,	PUNCT
cjfa-12572	162	3	u.	u.	PROPN
cjfa-12572	162	4	(	(	PUNCT
cjfa-12572	162	5	2011	2011	NUM
cjfa-12572	162	6	)	)	PUNCT
cjfa-12572	162	7	.	.	PUNCT
cjfa-12572	163	1	charakterystyka	charakterystyka	PROPN
cjfa-12572	163	2	kluczowych	kluczowych	VERB
cjfa-12572	163	3	koncepcji	koncepcji	PROPN
cjfa-12572	163	4	zarządzania	zarządzania	PROPN
cjfa-12572	163	5	ryzykiem	ryzykiem	PROPN
cjfa-12572	163	6	w	w	PROPN
cjfa-12572	163	7	przedsiębiorstwie	przedsiębiorstwie	PROPN
cjfa-12572	163	8	.	.	PUNCT
cjfa-12572	164	1	in	in	ADP
cjfa-12572	164	2	s.	s.	PROPN
cjfa-12572	164	3	kasiewicz	kasiewicz	PROPN
cjfa-12572	164	4	(	(	PUNCT
cjfa-12572	164	5	ed	ed	NOUN
cjfa-12572	164	6	.	.	PUNCT
cjfa-12572	164	7	)	)	PUNCT
cjfa-12572	164	8	,	,	PUNCT
cjfa-12572	164	9	zarządzanie	zarządzanie	PROPN
cjfa-12572	164	10	zintegrowanym	zintegrowanym	PROPN
cjfa-12572	164	11	ryzykiem	ryzykiem	PROPN
cjfa-12572	164	12	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-12572	164	13	w	w	ADP
cjfa-12572	164	14	polsce	polsce	PROPN
cjfa-12572	164	15	.	.	PUNCT
cjfa-12572	165	1	warsaw	warsaw	PROPN
cjfa-12572	165	2	:	:	PUNCT
cjfa-12572	166	1	wolters	wolters	PROPN
cjfa-12572	166	2	kluwer	kluwer	PROPN
cjfa-12572	166	3	.	.	PUNCT
cjfa-12572	167	1	michalak	michalak	PROPN
cjfa-12572	167	2	,	,	PUNCT
cjfa-12572	167	3	j.	j.	PROPN
cjfa-12572	167	4	(	(	PUNCT
cjfa-12572	167	5	2009	2009	NUM
cjfa-12572	167	6	)	)	PUNCT
cjfa-12572	167	7	.	.	PUNCT
cjfa-12572	168	1	ryzyko	ryzyko	PROPN
cjfa-12572	168	2	społeczne	społeczne	VERB
cjfa-12572	168	3	a	a	DET
cjfa-12572	168	4	ochrona	ochrona	NOUN
cjfa-12572	168	5	ubezpieczeniowa	ubezpieczeniowa	NOUN
cjfa-12572	168	6	–	–	PUNCT
cjfa-12572	168	7	kilka	kilka	PROPN
cjfa-12572	168	8	propozycji	propozycji	NOUN
cjfa-12572	168	9	nieortodoksyjnych	nieortodoksyjnych	NOUN
cjfa-12572	168	10	.	.	PUNCT
cjfa-12572	169	1	in	in	ADP
cjfa-12572	169	2	j.	j.	PROPN
cjfa-12572	169	3	handschke	handschke	PROPN
cjfa-12572	169	4	(	(	PUNCT
cjfa-12572	169	5	ed	ed	NOUN
cjfa-12572	169	6	.	.	PUNCT
cjfa-12572	169	7	)	)	PUNCT
cjfa-12572	169	8	,	,	PUNCT
cjfa-12572	169	9	studia	studia	NOUN
cjfa-12572	169	10	ubezpieczeniowe	ubezpieczeniowe	NOUN
cjfa-12572	169	11	.	.	PUNCT
cjfa-12572	169	12	poznań	poznań	PROPN
cjfa-12572	169	13	:	:	PUNCT
cjfa-12572	169	14	poznań	poznań	PROPN
cjfa-12572	169	15	university	university	PROPN
cjfa-12572	169	16	of	of	ADP
cjfa-12572	169	17	economics	economics	PROPN
cjfa-12572	169	18	.	.	PUNCT
cjfa-12572	170	1	sasin	sasin	PROPN
cjfa-12572	170	2	,	,	PUNCT
cjfa-12572	170	3	r.	r.	PROPN
cjfa-12572	170	4	(	(	PUNCT
cjfa-12572	170	5	2011	2011	NUM
cjfa-12572	170	6	)	)	PUNCT
cjfa-12572	170	7	.	.	PUNCT
cjfa-12572	171	1	ewolucja	ewolucja	PROPN
cjfa-12572	171	2	koncepcji	koncepcji	PROPN
cjfa-12572	171	3	erm	erm	PROPN
cjfa-12572	171	4	.	.	PUNCT
cjfa-12572	172	1	in	in	ADP
cjfa-12572	172	2	s.	s.	PROPN
cjfa-12572	172	3	kasiewicz	kasiewicz	PROPN
cjfa-12572	173	1	(	(	PUNCT
cjfa-12572	173	2	ed	ed	NOUN
cjfa-12572	173	3	.	.	PUNCT
cjfa-12572	173	4	)	)	PUNCT
cjfa-12572	173	5	,	,	PUNCT
cjfa-12572	173	6	zarządzanie	zarządzanie	PROPN
cjfa-12572	173	7	zintegrowanym	zintegrowanym	PROPN
cjfa-12572	173	8	ryzykiem	ryzykiem	PROPN
cjfa-12572	173	9	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-12572	173	10	–	–	PUNCT
cjfa-12572	173	11	kierunki	kierunki	VERB
cjfa-12572	173	12	i	i	PRON
cjfa-12572	173	13	narzędzia	narzędzia	PROPN
cjfa-12572	173	14	.	.	PUNCT
cjfa-12572	174	1	warsaw	warsaw	PROPN
cjfa-12572	174	2	:	:	PUNCT
cjfa-12572	175	1	wolters	wolters	PROPN
cjfa-12572	175	2	kluwer	kluwer	PROPN
cjfa-12572	175	3	.	.	PUNCT
cjfa-12572	176	1	ustawa	ustawa	PROPN
cjfa-12572	176	2	z	z	PROPN
cjfa-12572	176	3	dnia	dnia	PROPN
cjfa-12572	176	4	11	11	NUM
cjfa-12572	176	5	września	września	PROPN
cjfa-12572	176	6	2015	2015	NUM
cjfa-12572	176	7	r.	r.	PROPN
cjfa-12572	176	8	o	o	PROPN
cjfa-12572	176	9	działalności	działalności	PROPN
cjfa-12572	176	10	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	177	1	i	i	PRON
cjfa-12572	177	2	reasekuracyjnej	reasekuracyjnej	ADJ
cjfa-12572	177	3	,	,	PUNCT
cjfa-12572	177	4	dz.u	dz.u	NOUN
cjfa-12572	177	5	.	.	PUNCT
cjfa-12572	178	1	[	[	X
cjfa-12572	178	2	journal	journal	NOUN
cjfa-12572	178	3	of	of	ADP
cjfa-12572	178	4	laws	law	NOUN
cjfa-12572	178	5	]	]	PUNCT
cjfa-12572	178	6	2015	2015	NUM
cjfa-12572	178	7	poz	poz	NOUN
cjfa-12572	178	8	.	.	PUNCT
cjfa-12572	178	9	1844	1844	NUM
cjfa-12572	178	10	.	.	PUNCT
cjfa-12572	179	1	ustawa	ustawa	PROPN
cjfa-12572	179	2	z	z	PROPN
cjfa-12572	179	3	dnia	dnia	PROPN
cjfa-12572	179	4	22	22	NUM
cjfa-12572	179	5	maja	maja	PROPN
cjfa-12572	179	6	2003	2003	NUM
cjfa-12572	179	7	r.	r.	PROPN
cjfa-12572	179	8	o	o	PROPN
cjfa-12572	179	9	działalności	działalności	PROPN
cjfa-12572	179	10	ubezpieczniowej	ubezpieczniowej	PROPN
cjfa-12572	179	11	,	,	PUNCT
cjfa-12572	179	12	dz.u	dz.u	NOUN
cjfa-12572	179	13	.	.	PUNCT
cjfa-12572	180	1	[	[	X
cjfa-12572	180	2	journal	journal	NOUN
cjfa-12572	180	3	of	of	ADP
cjfa-12572	180	4	laws	law	NOUN
cjfa-12572	180	5	]	]	PUNCT
cjfa-12572	180	6	2003	2003	NUM
cjfa-12572	180	7	nr	nr	PROPN
cjfa-12572	180	8	124	124	NUM
cjfa-12572	180	9	poz	poz	NOUN
cjfa-12572	180	10	.	.	PUNCT
cjfa-12572	181	1	1151	1151	NUM
cjfa-12572	181	2	.	.	PUNCT
cjfa-12572	182	1	uzasadnienie	uzasadnienie	PROPN
cjfa-12572	182	2	projektu	projektu	PROPN
cjfa-12572	182	3	ustawy	ustawy	PROPN
cjfa-12572	182	4	o	o	PROPN
cjfa-12572	182	5	działalności	działalności	PROPN
cjfa-12572	182	6	ubezpieczeniowej	ubezpieczeniowej	PROPN
cjfa-12572	182	7	z	z	PROPN
cjfa-12572	182	8	dnia	dnia	PROPN
cjfa-12572	182	9	28	28	NUM
cjfa-12572	182	10	kwietnia	kwietnia	PROPN
cjfa-12572	182	11	2015	2015	NUM
cjfa-12572	182	12	r.	r.	PROPN
cjfa-12572	182	13	,	,	PUNCT
cjfa-12572	182	14	https://legislacja.rcl.gov.pl/	https://legislacja.rcl.gov.pl/	PRON
cjfa-12572	182	15	(	(	PUNCT
cjfa-12572	182	16	accessed	access	VERB
cjfa-12572	182	17	:	:	PUNCT
cjfa-12572	182	18	10.12.2016	10.12.2016	NUM
cjfa-12572	182	19	)	)	PUNCT
cjfa-12572	182	20	.	.	PUNCT