SCENARIO ANALYSIS OF CASH-FLOWS IN THE CZECH LIFE INSURANCE MARKET
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11320%2F13%3A10158998" target="_blank" >RIV/00216208:11320/13:10158998 - isvavai.cz</a>
Result on the web
<a href="http://msed.vse.cz/msed_2013/en/index" target="_blank" >http://msed.vse.cz/msed_2013/en/index</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
SCENARIO ANALYSIS OF CASH-FLOWS IN THE CZECH LIFE INSURANCE MARKET
Original language description
The aim of this paper is to introduce a complex econometric model of cash-flows of life insurers operating in the Czech market, which is also suitable in a prognosis framework. Namely, various economic-actuarial links among given insurance variables, e.g. the acquisition and administrative expenses, the technical reserves or the insurance premiums, are captured by means of a dynamic econometric system of linear simultaneous equations. The considered model estimated via the three-stage least squares method (3SLS) is fully statistically verified. Therefore, it offers several useful interpretations and applications. In particular, one can deal with analysis of anticipations of possible future developments from the actuarial point of view. Generally, results for particular generated scenarios (deterministic or random) can be taken into account by life insurance companies, e.g. in their internal calculations or for financial planning purposes, or by an insurance regulator, e.g. for stress t
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamic Models in Economics</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
The 7th International Days of Statistics and Economics Conference Proceedings
ISBN
978-80-86175-87-4
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
445-453
Publisher name
MELANDRIUM, 2013
Place of publication
Slaný
Event location
Praha
Event date
Sep 19, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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