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Investiční životní pojištění a doplňkové penzijní spoření
Fučíková, Miroslava
The bachelor's thesis focuses on the comparison of life investment insurance and complementary pension savings as part of the evaluation of the invested funds by the client, with a focus on contributions from the state and tax relief. The practical part is devoted to the comparison of selected products from the largest insurance companies on the Czech insurance market. The age of the client at the time of concluding the insurance contract or early termination of the insur-ance contract can significantly affect the returns from invested funds, which is why the bachelor's thesis is also focused on this issue.
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Law aspects of unit linked insurance
Broukal, Matyáš ; Vybíral, Roman (advisor) ; Karfíková, Marie (referee)
Law aspects of unit linked insurance Abstract United linked insurance is an insurance (hereinafter referred to as ULI), which pays the insurance benefit in the event of survival to a stipulated age or death. The insurance benefit in the event of survival to a stipulated age is directly dependant on investment fund in which insurance premium is being invested. The goal of this thesis is to outline the law aspects of ULI. Thesis is divided into theoretical and practical part. Theoretical part covers law theory of ULI, current law and contract law. First chapter of theoretical part explains ULI as an insurance and its classification. Furthermore, it explains the view of financial science on ULI and describe the existence of insurable interest within an ULI, where there is no guaranteed amount in the event of death. The second chapter describes all aspects of ULI according to the applicable legislation. The first part deals with the insurance benefit in case of death and fee structures that covers it. It also explains the health questionnaire, the development of the risk of death over time, the issue of beneficiary from contract in the event of death. The next part deals with the insurance benefit in the event of survival to a stipulated age and the factors that affect it such as investment funds and units. The...
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COMPARISON OF THE INSURANCE MARKET IN THE CZECH REPUBLIC AND IN EUROPE
KABLÁSKOVÁ, Jitka
Main aims of the work The aim of this bachelor thesis was comparison of the insurance market in the Czech Republic and in several European countries: Austria, Belgium, Germany, France, United Kingdom, Malta, The Netherlands, Poland, Italy, Spain, Portugal, Luxembourg, Sweden, Greece and Slovakia. Subjects of comparison were premium (life and non-life premium),investments, employees and companies, concentration ratio and penetration rate. Second aim was to compare the products of investment life insurance in some insurance companies in the Czech Republic. These companies were Česká pojišťovna, a.s., Generali a.s. and Uniqa a.s. Results The important result for the Czech insurance market is finding that life premium income is much lower in the Czech Republic than in developed European countries. Strong growth of life premium income in developed European countries demonstrates the healthy economic environment. It also reflects confidence of insured in life products as an investment for pensions or as an alternative investment in a period of low interest rates, which offer a good return with a good guarantee of capital security. The result of this bachelor thesis is proposal for the new investment life insurance designed for the Czech insurance market.
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Stochastic processes in the combination of life insurance and mortgage
Kalendovský, Jan ; Rotkovský, Martin (advisor) ; Hurt, Jan (referee)
The goal of the diploma thesis is to describe stochastic processes in the combination of mortgage loan and fund-linked life insurance, and to construct and analyze suitable mathematical models related to them. The idea of the combination of mortgage loan and fund-linked life insurance consists in serving the debt via paying up the interest only and investing the rest of the instalment within a fund-linked life insurance, instead of amortizing the debt gradually. At the maturity time, the principal sum will be amortized at once, using assets which have been invested within a fund-linked life insurance.
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Výpočet rizikového kapitálu pro investiční životní pojištění
Coufal, Tomáš ; Lukášek, Josef (advisor) ; Mazurová, Lucie (referee)
Title: Risk capital calculation in invesment life insurance Author: Bc. Tomáš Coufal Department/Institute: Department of Probability and Mathematical Statis- tics Supervisor of the master thesis: Mgr. Josef Lukášek Supervisor's e-mail address: Josef.Lukasek@allianz.cz Abstract: Unit linked insurance is a modern and flexible life insurance product. The last decade was marked by the raising popularity of unit linked insurance. The discussions conserning the impact of the new directive Sol- vency II on the life insurance business focus mainly on the traditional life insurance. This paper examines the issue of the calculation of the risk capital for unit linked insurance. Analysis of the impact of different death guaran- tees, forms of premium payment, time to maturity and dynamic policyholder bahaviour on the risk capital is presented. Keywords: Unit linked insurance, Solvency II, Risk capital, Solvency capital requirement
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Porovnanie dôchodkového sporenia na Slovensku s inými druhmi dlhodobého sporenia
Vanko, Juraj
This bachelor thesis studies retirement saving system in Slovakia and options of its realization. The goal of thesis is to review selected types of saving systems, which are second pillar, third pillar, collective investment and investment life in-surance. The theoretical part will be dedicated to principles of operation of each product and Sharpe ratio will be presented in this part. Theoretical knowledge will be used in the practical part for calculations of the Sharpe ratio and following comparison of selected products.
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Nákladovost vybraných produktů životního pojištění
Foltýn, Jiří
The Bachelor thesis focuses on evaluation of investment-linked life insurance and term life insurance products of the selected insurance companies in terms of the cost ratio and relating to the conditions of insurance. The comparative analysis, description, comparison and modelling are mainly used for achieving the objective. The thesis counts with the indicators of the cost ratio and takes into account the natural insurance premium, average insurance premium, redemption, accumulated debt, tax benefits and conditions of insurance. In the thesis the total cost ratio of the product is compared to the final quality of the product, which is mainly determined by the conditions of insurance. The outcome of the thesis is the recommendation addressed to a specific group of potential persons who are interested in life insurance and insurance intermediaries.
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Theoretical and Practical Aspect of Unit-linked Insurance
Merenda, David ; Karfíková, Marie (advisor) ; Boháč, Radim (referee) ; Vybíral, Petr (referee)
v anglickém jazyce Theoretical and Practical Aspect of Unit-linked Insurance Abstract United-linked insurance (ULI) is the most widely sold type of life insurance in the Czech Republic; frequently, however, this product is sold to clients without respecting their investment profile and financial needs (mis-selling); mis-selling, in turn, results in the loss of confidence in the system of financial distribution and its efficiency. Even though the current legislation offers tools to mitigate mis-selling (not only) of ULI, in practice such legal regulation proves to be insufficient. The causes of this relate to both the distributors and their customers, as well as to the financial products themselves. Behavioural research has proven marked shortcomings in the economic and legal understanding of a human being as a homo economicus, i.e. as a rationally acting agent. A number of studies evidence that people oftentimes demonstrate limited rationality, which negatively impacts financial distribution, in that these cognitive errors may be purposefully and skilfully abused by distributors who use their marketing and sales strategies to the clients' disadvantage. In this respect, this thesis analyses the current financial-political customer protection doctrines; the status of the ULI customer protection,...
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Investment Life Insurance and Individual Investments Connected with Insurance
Richter, Jan ; Jál, Lukáš (referee) ; Ptáček, Roman (advisor)
This diploma thesis deals with the comparison of investment life insurance with risk life insurance and individual investment in open mutual funds in the territory of the Czech Republic. The theoretical part describes the basic characteristics of life insurance, open mutual funds and as a cross-section of the two products of the investment life insurance. It also describes the main cost indicators that can be used to calculate the cost of the insurance product. The analysis of the current situation is focused on a model example, in which the insurance products are compared and the investment part is evaluated. Subsequent comparison of results, selection of the most effective tool and recommendations are contained in the proposal section. The main goal of the diploma thesis is to determine the best solution for the end customer and to propose possible changes in the investment life insurance to make it more competitive.
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