Evaluation of Expense Ratio of Insurance Portfolios Belonging to Selected Insurance Companies Operating on Czech Insurance Market

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00104429" target="_blank" >RIV/00216224:14560/18:00104429 - isvavai.cz</a>

Result on the web

<a href="http://www.efs.econ.muni.cz" target="_blank" >http://www.efs.econ.muni.cz</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Evaluation of Expense Ratio of Insurance Portfolios Belonging to Selected Insurance Companies Operating on Czech Insurance Market

Original language description

The paper focuses on evaluation of insurance portfolios belonging to the insurance companies ČSOB and Komerční pojišťovna from the vantage point of growth rate of premium written and expense ratio of the insurance portfolio. The aim of this paper is to ascertain whether the selected insurance companies experience lower expense ratio of their insurance portfolio than what is the average expense ratio of insurance portfolios on the Czech insurance market. The reason for doing this research is in the fact that the insurance companies ČSOB and Komeční pojišťovna are entities with a developed bancassurance model. As the authors discovered in their earlier research, insurance companies using this model experience lower expense ratio. This paper analyzes the selected insurance companies on Czech insurance market considering the cooperation between the bank and insurance company. It analyzes the volume of premium written concluded through the distributional channel of bancassurance, and eventually compares expense ratios of the selected insurance companies with the average value on Czech insurance market between 2012 and 2016. Expense ratio of life insurance in both insurance companies shows lower values than the average value on the Czech insurance market. The same applies to total insurance. The research confirms that Komerční pojišťovna shows lower average value of expense ratio than ČSOB pojišťovna.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

European Financial Systems 2018. Proceedings of the 15th International Scientific Conference, Brno: Masaryk University, 2018. ISBN 978-80-210-8980-8.

ISBN

9788021089808

ISSN

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e-ISSN

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Number of pages

9

Pages from-to

550-558

Publisher name

Masarykova univerzita

Place of publication

Brno

Event location

Brno

Event date

Jan 1, 2018

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000462948800071