PŘEČKOVÁ, Lenka and Iveta PALEČKOVÁ. Financial Stability of the Czech Insurance Companies. Ekonomický časopis. 2023, vol. 71, No 1, p. 65-86. ISSN 2729-7470. Available from: https://dx.doi.org/10.31577/ekoncas.2023.01.04.
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Basic information
Original name Financial Stability of the Czech Insurance Companies
Name in Czech Finanční stabilita pojišťoven v České republice
Authors PŘEČKOVÁ, Lenka (203 Czech Republic, guarantor, belonging to the institution) and Iveta PALEČKOVÁ (203 Czech Republic, belonging to the institution).
Edition Ekonomický časopis, 2023, 2729-7470.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50206 Finance
Country of publisher Slovakia
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/47813059:19520/23:A0000390
Organization unit School of Business Administration in Karvina
Doi http://dx.doi.org/10.31577/ekoncas.2023.01.04
UT WoS 001009689100001
Keywords (in Czech) Finanční stabilita pojišťoven; neživotní pojištění; životní pojištění; agregovaný index; tržní podíl.
Keywords in English Financial stability of insurance company; non-life insurance; life insurance; summary index; market share.
Tags International impact, Reviewed
Changed by Changed by: Miroslava Snopková, učo 43819. Changed: 1/4/2024 18:03.
Abstract
Financial stability has become an important topic, especially in recent years. However, there is no consistent approach for measuring the financial stability of insurance companies. The aim of this paper is to assess the financial stability of insurance companies in the Czech insurance market using the financial stability summary index. We construct and applied the financial stability index separately for insurance companies that predominantly provide life insurance and non-life insurance. The financial stability index focuses on five areas. The results show that insurance companies specialised in a particular non-life insurance product are more financially stable. The research suggests that the evolution of insurance companies has been influenced by organisational changes and economic changes. During the period 2004-2019, the examined insurance companies did not show any problems in terms of financial stability.
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