|
|
The Impact of the Macroeconomic Environment on Insurance Companies
Čepeláková, Lenka ; Jakubík, Petr (advisor) ; Brechler, Josef (referee)
i Abstract: This thesis assesses the impact of economic, institutional and demographic factors on the life and non-life gross written premiums of insurance companies. A dynamic panel data regression using the system generalized method of mo- ments is applied on data of 29 European countries collected by EIOPA covering the period from 2005 to 2013. The results reveal that economic and institutio- nal factors drive both life and non-life insurance industry. On the other hand, we cannot confirm that demographic factors are significant determinants of the growth in GWPs. Subsequently, the hypothesis that there are substantial cross-countries differences among the importance of different macroeconomic determinants on the insurance sector development is explored and confirmed. This work shines new light on the development of the quantitative macro- prudential framework used to determine different economic scenarios affecting insurance companies' balance sheets. Moreover, a broader set of panel data and more variables explaining the growth in insurance sector bring new contributi- ons to the current discussion in academic literature.
|
|
|
The Impact of the Macroeconomic Environment on Insurance Companies
Čepeláková, Lenka ; Jakubík, Petr (advisor) ; Brechler, Josef (referee)
i Abstract: This thesis assesses the impact of economic, institutional and demographic factors on the life and non-life gross written premiums of insurance companies. A dynamic panel data regression using the system generalized method of mo- ments is applied on data of 29 European countries collected by EIOPA covering the period from 2005 to 2013. The results reveal that economic and institutio- nal factors drive both life and non-life insurance industry. On the other hand, we cannot confirm that demographic factors are significant determinants of the growth in GWPs. Subsequently, the hypothesis that there are substantial cross-countries differences among the importance of different macroeconomic determinants on the insurance sector development is explored and confirmed. This work shines new light on the development of the quantitative macro- prudential framework used to determine different economic scenarios affecting insurance companies' balance sheets. Moreover, a broader set of panel data and more variables explaining the growth in insurance sector bring new contributi- ons to the current discussion in academic literature.
|
|
|
The matrket position of Allianz pojišťovna, a.s. in the years 1999 and 2008
Pešková, Šárka ; Ducháčková, Eva (advisor) ; Daňhel, Jaroslav (referee)
The topic of this study is to evaluate the status of Allianz pojišťovna, a.s. in the Czech insurance market in the years 1999 and 2008 and in the twelve group of insurance companies, which in the terms of gross written premiums belong to the largest insurers. The first part is devoted to the presentation of Allianz pojišťovna, a.s. Attention is focused on the identification of specific features which distinguish it from other market players. The second part focuses on the actual evaluation. Emphasis is placed on the development of gross written premiums, both generally and individually within the frame of non-life insurance and life insurance. The great deal of attention is given to the development of the product portfolio of Allianz pojišťovna, a.s. The conclusion is a brief summary of the development of Allianz pojišťovna, a.s. in the time period set out above and preconditions for its future development.
|
guest ::
