Financial Stability of the Czech Insurance Business

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F09%3A00009228" target="_blank" >RIV/00216275:25410/09:00009228 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Financial Stability of the Czech Insurance Business
Original language description
Insurance business is one of the fastest growing sectors of the Czech economy. Growth of this sector is very important, but financial stability of individual subjects acting on this market are also very important. For example the insurance companies in the Czech insurance market fulfil criterion of solvency (according to audit results for the year 2006) very well, because their own sources were higher within the level of required solvency rate (100%). Aggregate disponible solvency for all insurance companies was according to recent legal rules three times higher than required solvency in the market of life insurance and 3,3 times in the market of nonlife insurance. This paper deals with the assesment of insurance companie´s financial stability in the Czech insurance market from the point of view of return on equity, solvency, and capital accuracy indicators. It also recommends optimal capital ratio for the Czech insurance companies, which was calculated on real data.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2009
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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