J 2024

Evaluation of the impact of the COVID-19 pandemic on the financial health of commercial insurance companies in the Czech Republic

PŘEČKOVÁ, Lenka and Eva VÁVROVÁ

Basic information

Original name

Evaluation of the impact of the COVID-19 pandemic on the financial health of commercial insurance companies in the Czech Republic

Authors

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

Edition

Research Papers in Economics and Finance, Poznań (PL), Poznań University of Economics and Business, 2024, 2543-6430

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50206 Finance

Country of publisher

Poland

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

Organization unit

School of Business Administration in Karvina

Keywords (in Czech)

pandemie;pojišťovna;neživotní a životní pojištění;finanční ukazatelé;Česko

Keywords in English

pandemic;insurance companie;non-life and life insurance;financial ratios;Czechia

Tags

International impact, Reviewed
Změněno: 2/1/2025 13:56, Mgr. Lenka Přečková, Ph.D.

Abstract

V originále

This article focuses on assessing the impact of the COVID-19 pandemic on the insurance operations of commercial insurance companies in the Czech Republic. The aim of the article is to determine the impact of the pandemic on the financial health of commercial insurance companies in the Czech Republic. In order to achieve this, ratio indicators suitable for measuring the financial health of commercial insurance companies, such as the growth rate of premium income, cost-effectiveness, profitability or solvency, have been employed. Because insurance activities in non-life and life insurance differ and show different values of ratio indicators of financial health, insurance companies have been divided into two groups: those with a predominance of life insurance and those with a predominance of non-life insurance. The impact of the pandemic on the financial health indicators of individual commercial insurance companies has been monitored. The period from 2016 to 2021 has been selected to determine the impact of the pandemic. The authors have used data from the statistics of the Czech Association of Insurance Companies and annual reports of insurance companies.