PŘEČKOVÁ, Lenka and Iveta PALEČKOVÁ. Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic. Studies in Business and Economics. 2023, vol. 18, No 1, p. 218-230. ISSN 1842-4120. Available from: https://dx.doi.org/10.2478/sbe-2023-0012.
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Basic information
Original name Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic
Authors PŘEČKOVÁ, Lenka (203 Czech Republic, belonging to the institution) and Iveta PALEČKOVÁ (203 Czech Republic, guarantor, belonging to the institution).
Edition Studies in Business and Economics, 2023, 1842-4120.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50206 Finance
Country of publisher Romania
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/47813059:19520/23:A0000415
Organization unit School of Business Administration in Karvina
Doi http://dx.doi.org/10.2478/sbe-2023-0012
Keywords (in Czech) Životní pojištění; neživotní pojištění; index finanční stability; reálná míra růstu hrubého domácího produktu; metoda momentů
Keywords in English Life insurance; non-life insurance; financial stability index; real gross domestic product growth rate; generalized method of moments
Tags International impact, Reviewed
Changed by Changed by: Miroslava Snopková, učo 43819. Changed: 1/4/2024 14:59.
Abstract
The study assesses the determinants of the financial stability of the Czech commercial insurance companies within the period 2004-2019. The eight macroeconomic determinants of the financial stability of insurance are analysed for both insurers, i.e., with predominated life and non-life insurance. The generalized method of moments is used for empirical analysis. The results show four macroeconomic variables were statistically significant determinants of financial stability in the case of non-life insurers and three determinants influenced the financial stability of life insurers. The study concludes that the determinants of the financial stability of non-life insurers were different that in the case of life insurers. Moreover, the impact of several determinants is also different in case life and non-life insurers in the Czech Republic.
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