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Empirický bayesovský přístup v mikromodelech pro výpočet rizika rezerv
Fedorčáková, Claudia ; Zimmermann, Pavel (advisor) ; Bílková, Diana (referee)
The traditional reserve estimation by an insurance company is based on the aggregated data. However, new trend is to utilize all the information available and analyse each claim separately. This way the application of claims specific features, such as non-proportional reinsurance or policy limits, is possible. The aim of this thesis is to construct the reserving model based on the individual claims. Following the recent legislative changes, the reserve risk has been redefined from ultimate claim horizon to a one-year risk horizon. Hence, the next task is to setup simulation model to calculate one year horizon reserve risk by updating the estimates based on new observations collected over one year. This is a typical task for Bayesian approach, therefore the model components are estimated using the tools of Bayesian statistics.
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Role of independent loss adjusters in the insurance market
Močarková, Michaela ; Ducháčková, Eva (advisor) ; Oborilová, Mária (referee)
The aim of the thesis The role of independent loss adjusters in the insurance market is to analyze various situations and cases, that the independent loss adjusters during their praxis solve, and clarify procedures, including calculations of insurance settlement. The work is divided into theoretical and practical part. The theoretical part focuses on the specifics of the insurance and technical reserves. Thesis also describes job content of the independent loss adjusters including all the aspects, that are associated with it. The practical part deals with real situations with fictitious names and data.
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Investment life insurance
Bláhová, Lucie ; Bílková, Diana (advisor) ; Valová, Pavlína (referee)
This diploma thesis deals with the investment life insurance. Investment life insurance combines the classical life insurance and the investments in open-end mutual funds. It is a widely discussed financial product, especially for its high expensiveness. Nevertheless, the investment life insurance holds a significant share of the insurance market. The aim of this diploma thesis is the analysis and exploration of investment life insurance market in Czech Republic. The thesis consists of theoretical and practical part. In theoretical part the basic concepts of this insurance product are defined. Theoretical part further contains the theory related to time series analysis and the description of mutual funds. Practical part deals with the five most significant insurance companies in Czech Republic, compares various mutual funds and analyses the selected mutual fund in detail. The forecast of selected mutual fund price development was performed. It turned out that the price forecasting is complicated because of variety of factors affecting the price behaviour. Further, the calculations of insurance premiums and technical provisions were performed. MS Excel was used for the calculations and the time series analysis was performed using the statistical software Eviews. Diploma thesis assists the readers with the orientation in the investment life insurance problematics.
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Technické rezervy jako jeden ze způsobů řízení rizik komerční pojišťovny
Petláková, Iveta
The Diploma thesis deals with the analysis of current approaches to the creation and a financial placement of technical provisions. The first part defines the technical provisions and their creation with regard to the application of Solvency II. The thesis also deals with the principles and structure of financial placement. Due to a past financial crisis that affected not only banks, but also insurance companies, the thesis will also focus on the relationship of the financial crisis on investment of technical provisions. In the second part the thesis describes the approach and creation of technical provisions and financial placements of specific commercial insurance companies and its comparison with other insurance companies. The result of the thesis is the evaluation and recommendations for optimization of technical provisions and financial investment for the insurance companies.
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The financial analysis of Slavia Insurance Company
Vaniš, Tomáš ; Ducháčková, Eva (advisor) ; Daňhel, Jaroslav (referee)
This thesis is devoted to the financial analysis of insurance company Slavia in 2008 - 2011. At first it deals with general financial analysis used for non-financial companies. After that it mentions differences in the management of insurance companies from other companies and characterizes the field of insurance industry and risks, which carries insurance company. The thesis also uses the methodology applied for the insurance industry by agency Standard & Poor's. After a short introduction of insurance company it takes a turn the analysis of the development of the Czech insurance market at non-life insurance field. Finally, it comes itself application of the methodology of financial analysis adjusted for specifics in insurance industry.
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The stochastical approaches to the claims reserving
Hronová, Lucie ; Witzany, Jiří (advisor) ; Kolman, Marek (referee)
The subject matter of this master thesis is the introduction to the claims reserving methodology applied in the general insurance with the focus on the agragated data represented in the form of triangle schemes. First the basic deterministic methods are to be presented including the Chain ladder method as the most known and widely used tool in claims reserving. Next we will concentrate on the stochastic approaches. The method of bootstrapping is to be described more in detail as it is the main topic of this thesis. Finally the accuracy of the prediction of several specific models and algorithms is to be examined with the goal of their overall comparison (using randomly generated input data).
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Technical provisions of insurance companies and its formation
Matějková, Radka ; Radová, Jarmila (advisor) ; Burešová, Jana (referee)
This bachelor thesis is focusing on technical provisions in the system of insurance. The aim is to provide a comprehensive overview about technical provisions in accordance with valid legal regulations of the Czech Republic. First of all, particular kinds of technical provisions and financial instruments into which insurance companies can invest the resources of technical provisions are described. The following section contains an analysis of the development of technical provisions and their dependence on written premium. The final section is dedicated to technical provisions and their financial placement in Ceska pojistovna, where the productiveness of investments is quantified for the year 2011.
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Technical provisions in accounting of an insurance company
Vondráková, Ivana ; Bokšová, Jiřina (advisor) ; Tršková, Vladimíra (referee)
Technical provisions represent one of the most important item of liabilities in accounting of an insurance company. Technical provisions reperesent liabilities for clients of the insurance companies. The exact amount of these provisions is not known in advance. The main reason for generating technical provisions by insurance companies is to fulfill the liabilites arising from insurance and reinsurance contracts in the future. The first chapter of this thesis deals with the principle of the provisions in accounting in general. The next chapters deals with the provisions generated according to IFRS and the czech law. The most extensive chapter describes the technical provisions from the perspective of the czech law for insurance companies. The examples of the technical provisions are the integral part of the thesis.
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