Impact of sector levy on non-life insurance in Slovakia

Michal VyskoÄ il, Jiří Koudelka and Jaroslav Dufek

International Journal of Economic Policy in Emerging Economies, 2024, vol. 19, issue 2, 159-189

Abstract: The paper deals with a sector levy imposed on non-life insurance in Slovakia, analysing its impact on the gross written premium, commission and claims ratio, and comparing life and non-life insurance after the introduction of the levy. A time-delayed linear regression AR model with point and interval estimates was developed to examine the above phenomena. The goal of the study was to determine whether the predicted values lie inside or outside the interval estimates. Having come into force, the sector levy only affected newly concluded insurance policies, GWP did not decrease, almost half of the 8% levy was absorbed by the commission, and the claims ratio remained intact. The outflow of written premiums from life to non-life insurance was partially proven.

Keywords: sector levy; insurance; gross written premium; GWP; linear regression; Slovakia. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijepee:v:19:y:2024:i:2:p:159-189

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