J 2023

Evolution of a Commercial Insurance Company in Trans-Epochal Developments: The Evidence of Czech Insurance

PŘEČKOVÁ, Lenka and Eva VÁVROVÁ

Basic information

Original name

Evolution of a Commercial Insurance Company in Trans-Epochal Developments: The Evidence of Czech Insurance

Authors

PŘEČKOVÁ, Lenka (203 Czech Republic, belonging to the institution) and Eva VÁVROVÁ (203 Czech Republic, guarantor)

Edition

Insurance Markets and Companies, 2023, 2616-3551

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50206 Finance

Country of publisher

Ukraine

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

RIV identification code

RIV/47813059:19520/23:A0000414

Organization unit

School of Business Administration in Karvina

Keywords (in Czech)

pojišťovny;trh;monopoly;ekonomická transformace;životní/neživotní pojištění

Keywords in English

insurance company; market; monopoly; economic transformation; life/non-life insurance

Tags

International impact, Reviewed
Změněno: 1/4/2024 15:05, Miroslava Snopková

Abstract

V originále

This paper aims to analyze the evolution of the leading commercial insurance company Česká pojišťovna on the Czech insurance market in the years 1947–2021. Its evolution was closely linked to the processes of building socialism in the 1950s and the federalization of Czechoslovakia at the end of the 1960s. The paper uses qualitative research methods, methods of description and comparison, as well as local micro-historical analyses shall be applied. The main features of insurance products in the period of the totalitarian regime are characterized. Both the economic transformation in the 1990s and globalization in the last decades have had a radical effect on the further development of the analyzed company Česká pojišťovna. In the period after 1989, the development is marked by a focus on changes in the shareholder structure of the analyzed insurance company, and the development of its market share is shown. As a result of demonopolization, new companies could emerge, creating a competitive environment. The leading commercial insurance company Česká pojišťovna’s market share gradually began to decline.