FINANCIAL STABILITY OF THE CZECH INSURANCE COMPANIES

• Authors: Přečková Lenka , Palečková Iveta
• Languages of publication: EN

Abstracts

EN

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 construct the summarized financial stability index for the insurance companies and applied this index on the Czech insurance companies. 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.

Keywords

EN

FINANCIAL STABILITY; INSURANCE COMPANY; NON-LIFE INSURANCE; LIFE INSURANCE; MARKET SHARE; CZECH REPUBLIC

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2023
• Volume: 71
• Issue: 1
• Pages: 65 – 86

Contributors

author

Přečková Lenka

• Silesian University in Opava, School of Business Administration in Karviná, Univerzitní náměstí 1934/3, 733 40 Karviná, Czech Republic

• https://orcid.org/0000-0002-1973-3293

author

Palečková Iveta

• https://orcid.org/0000-0003-2381-0738

Identifiers

DOI

https://doi.org/10.31577/ekoncas.2023.01.04