SCENARIO ANALYSIS OF CASH-FLOWS IN THE CZECH LIFE INSURANCE MARKET

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

SCENARIO ANALYSIS OF CASH-FLOWS IN THE CZECH LIFE INSURANCE MARKET

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

SCENARIO ANALYSIS OF CASH-FLOWS IN THE CZECH LIFE INSURANCE MARKET

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

BB - Aplikovaná statistika, operační výzkum

OECD FORD obor

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Projekt

<a href="/cs/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamické modely v ekonomii</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

9

Strana od-do

445-453

Název nakladatele

MELANDRIUM, 2013

Místo vydání

Slaný

Místo konání akce

Praha

Datum konání akce

19. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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