Interrelation Between Reinsurance and Financial Performance in Slovak Insurance Companies

Janka Grofčíková (), Katarína Izáková () and Dagmar Škvareninová ()
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Janka Grofčíková: Matej Bel University in Banská Bystrica
Katarína Izáková: Matej Bel University in Banská Bystrica
Dagmar Škvareninová: Matej Bel University in Banská Bystrica

Chapter Chapter 18 in Advances in Quantitative Economic Research, 2022, pp 255-272 from Springer

Abstract: Abstract In addition to floods, which have been considered a priority risk factor in the context of global warming and thus more research has been focused on this issue, there are still a number of other risks that require more attention. A significant risk factor that has recently occurred is the coronavirus SARS COV-2 and that is why its management has been implemented in the risk management of insurance companies. Due to its high infectivity and rapid spread across the planet, this virus has resulted in a pandemic situation. Hence, countries all over the world have had to take plenty of unpopular measures in order to mitigate the spread and the consequent adverse socioeconomic situation. Obviously, this situation has gradually affected various economic subjects at many levels. Insurance companies, as profit-oriented business entities, have the option to transfer the risks they undergo to reinsurance companies in accordance with reinsurance contracts. Reinsurance can thus affect the financial performance of insurance companies. The aim of our study was to examine and quantify the relationship between reinsurance and selected indicators of financial performance of insurance companies in Slovakia. We quantify these relationships through regression coefficients, which are the output of regression analysis.

Keywords: Financial performance; Reinsurance; Insurance companies (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-98179-2_18

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DOI: 10.1007/978-3-030-98179-2_18

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