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Place of unit linked insurance in the post-crisis development.
Kiovský, Tomáš ; Daňhel, Jaroslav (advisor) ; Polák, Michal (referee)
Introductory chapter of the thesis is devoted to a major milestone in the history of insurance, i will focus on events that have significantly influenced and shaped the character development of insurance as we know it today. We will consider also the insurance situation in the Czech Republic in comparison with the European Union. This comparison should show the reader how much the reserve life insurance market in the Czech Republic, and which direction to go in the coming years. The financial crisis has affected all economic sectors. Unfavourable developments in the real estate market through banking instruments affected also global insurance market. Unit linked insurance is the most advanced form of life insurance. In many based on traditional types of life insurance, which is dedicated a separate chapter The most important chapter of my work is, as already apparent from the title of the thesis, dedicated to the unit linked insurance. We begin with the development and history, become familiar with the functioning and the most important features of unit linked insurance, we will also describe the commission system and system of operation charges, the operation of mutual funds in connection with the insurance and learn about the possible forms of indemnity. The last chapter is devoted to the methodology of Solvency 2, its role is similarly as it was in the banking sector by introducing a methodology of the Basel 2.
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Personal and family budget
Michalička, Jan ; Smrčka, Luboš (advisor) ; Zajíc, Ladislav (referee)
The aim of this bachelor work is to bring theoretical and practical knowledges about making up family budget. The work is divided into three parts. First part is about basic principles, that must be adhered in order to make up a family and personal budget. Second part is about theoretical and practical knowledges concerning about the issue of personal portfolio. This part contains comparation of financial products, that can be used by building up a family budget. Second part can be also used as a source for choosing the suitable financial product. Last practical part is about making up a financial plan by using knowledges from previous two parts of the work.
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Determinants of using life insurance focusing on unit linked insurance in Czech Republic
Veselý, Matyáš ; Ducháčková, Eva (advisor) ; Daňhel, Jaroslav (referee)
The main topic of this dissertation is life insurance. The first part contains a description of principles, reasons for providing and the evolution of life insurance products. The dissertation looks for related values based on characteristics of life insurance and discusses the reference to the insurance premium volume. The second part of this dissertation is engaged in unit linked insurance -- its construction, investment status and flexibility. In this part is described a profitability diference between investing in different assets as well. This dissertation also describes some matters like broker interestedness and financial crisis impacts.
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Comparison of insurance products in the Czech market
Šlechtová, Jana ; Drozen, František (advisor) ; Filipová, Vladimíra (referee)
The diploma thesis is focused on area of life insurance. First part explains main role of life insurance and defines its types. It includes information about development trends in the insurance market. The gist of the thesis is comparison of life insurance (unit linked insurace) products of five czech biggest insurance companies. Next part describes motivation of consumers to insure themselves. It also points out the rival products. Last part focuses on pension reform and how life insurance is connected with this reform.
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Formation of client´s financial portfolio
Salai, Ondřej ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
The topic that is shared by everyone is taking care of personal finances. Whether we like it or not, we have to solve it in present time, because of the negative later consequences. By the time, when we still are influenced from the effects of financial crisis, we need an ability to manage our financial assets more than important. Situation like this should give a signal to educate ourselves and get interest in it. The primary is not to apply the knowledge gained in professional life, but using knowledge can gain some personal savings. I take a closer look on a way how to organize your personal finances in portfolio as much as corresponded with the financial possibilities and objectives of investing ideas. I focused especially on those questions in life, which people are confranted with most often; such as how to deal with unexpected absence of income, how to provide for your own housing, why its important to worry about pensions and gathering financial reserves and when to commence investments and riskier instruments. In the next section, I will concentrate on particular products from the field of insurance, banking and investment that can be used in the making of personal financial portfolio. I decided to involve this section in my paper in order to avoid discussing only creating the financial plan but also to be able to figure out Instruments can create such a plan in real life. In the last section 'Example from real life'; my aim was to apply the facts from section one and two on a particular example of an imaginary family. The analysed portfolio is based on a real-life scenario but the one used in the dissertation is for demostration purposes only. While writing my dissertation I have used the knowledge I have gained from working as a financial consultant and obviously the academic texts in order to justify my arguments from the academical perspective.
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The analyses of methods for ensuring a secure retirement
Šárová, Kateřina ; Radová, Jarmila (advisor)
The main objective of this bachelor work is the analyses of individual products used in Czech Republic for ensuring retirements needs. The first part deals with present retirement system, showing factors, which may have unfavorable influence and notifying us of the particular reform measures of the system. In other parts I try to analyze and describe proper additional products for retirement insurance such as state-contributory supplementary pension insurance and life insurance and its tax advantages. In conclusion I am trying to summarize the findings which I have obtained throughout the whole work.
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Hypoteční úvěry a životní pojištění
Koláček, Martin ; Ducháčková, Eva (advisor) ; Daňhel, Jaroslav (referee)
Thesis provides an overview of different types of mortgages and mortgage protection assurances available in czech credit and insurance markets. Thesis is composed of detailed description of particular products and case study describing comparison of three types of mortgages: classic anuity mortgage, mortgage with postpone payment of principal in combination with unit linked life assurance, mortgage with postpone payment of principal in combination with investment to securities. The aim was the comparison on the basis of chosen evaluations of unit linked life assurance and securities and determination of boundary percentage value of evaluation by which the combine product become preferable to classic mortgage.
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Specificity of sale insurance products
Hlavínová, Kristýna ; Ducháčková, Eva (advisor) ; Daňhel, Jaroslav (referee)
Thesis adresses specificity of sale insurance products. The theoretical part analyses specificity of insurance services and their reflection of marketing insurance company and methods of sale insurance products. The practical part analyses two products according to adjusted arguments, namely - investment life insurance, saving account (as a next possibility of financial source for clients). Both chosen products are model applied to one client. The aim of this analysis is to compare product specificity of sale insurance products. Characteristics of products and their segment specifics are listed in recapitulation as well as segment advantages and disadvantages of individual channels of distribution. Personal contact with client, which can be realized either throught network of insurance brokers or branch insurance company, is accented in connection with the specificity of insurance services and their complexity factors.
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Developing trends influencing world insurance market and Czech insurance market
Mišičková, Daniela ; Daňhel, Jaroslav (advisor) ; Klaban, A (referee)
Today's globalization leads to a wide range of new developing trends influencing the insurance market. The main one is a variance in the character of risks. The generation of new threats means for insurers to face up a difficultness with an identification of risks and a prediction of future damages. Solutions of a catastrophic impact of damages are hidden in an alternative transfer of risks and a higher level of assurance. The treat of longevity has its own impact, too. Demographic shock caused by a strain of population has turned people in advanced western markets to life-insurance. Mainly, because of a current insufficient set up of pensions systems, people has searched a new possibility how to insure their post-active life. It has enabled a development of life-insurance products focusing on individual clients' needs and providing several components of flexibility and variability. As a next globalization push, I cannot omit concentration and consolidation ongoing nowadays on the insurance market. Rise of giant conglomerates can be seen in the accent of cost reduction, diversification of risks and using enormous financial power. Nevertheless, the main impulse has risen from the still changing clients' needs with the necessity of obtaining complex financial service. Last but not least, I would like to mention the implementation of a regulatory project Solvency II accompanying by IFRS in the field of the insurance market. Their objectives are a reduction of information asymmetry, a higher stability of the insurance market and transparency and comparability of insurers' financial reporting leading to higher clients' protection.
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