Financial Stability of the Czech Insurance Companies

Lenka PÅ™eÄ ková () and Iveta PaleÄ ková
Additional contact information
Lenka PÅ™eÄ ková: Silesian University in Opava, School of Business Administration in Karviná, Department of Finance and Accounting
Iveta PaleÄ ková: Silesian University in Opava, School of Business Administration in Karviná, Department of Finance and Accounting

Journal of Economics / Ekonomicky casopis, 2023, vol. 71, issue 1, 65-86

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 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: financial stability of insurance company; non-life insurance; life insurance; summary index; market share (search for similar items in EconPapers)
JEL-codes: G22 G28 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.sav.sk/journals/uploads/0321112301%202 ... -Paleckova+%20SR.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sav:journl:v:71:y:2023:i:1:p:65-86

Access Statistics for this article

Journal of Economics / Ekonomicky casopis is currently edited by Tomas Jeck

More articles in Journal of Economics / Ekonomicky casopis from Institute of Economic Research, Slovak Academy of Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Peter Renac ().