Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic
The study assesses the determinants of the financial stability of the Czech commercial insurance companies within the period 2004-2019. The eight macroeconomic determinants of the financial stability of insurance are analysed for both insurers, i.e., with predominated life and non-life insurance. Th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2023-04-01
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| Series: | Studies in Business and Economics |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/sbe-2023-0012 |
| _version_ | 1797800789999091712 |
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| author | Palečková Iveta Přečková Lenka |
| author_facet | Palečková Iveta Přečková Lenka |
| author_sort | Palečková Iveta |
| collection | DOAJ |
| description | The study assesses the determinants of the financial stability of the Czech commercial insurance companies within the period 2004-2019. The eight macroeconomic determinants of the financial stability of insurance are analysed for both insurers, i.e., with predominated life and non-life insurance. The generalized method of moments is used for empirical analysis. The results show four macroeconomic variables were statistically significant determinants of financial stability in the case of non-life insurers and three determinants influenced the financial stability of life insurers. The study concludes that the determinants of the financial stability of non-life insurers were different that in the case of life insurers. Moreover, the impact of several determinants is also different in case life and non-life insurers in the Czech Republic. |
| first_indexed | 2024-03-13T04:40:33Z |
| format | Article |
| id | doaj.art-a3deeac2ff0a428eb445e1a4b505884a |
| institution | Directory Open Access Journal |
| issn | 2344-5416 |
| language | English |
| last_indexed | 2024-03-13T04:40:33Z |
| publishDate | 2023-04-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studies in Business and Economics |
| spelling | doaj.art-a3deeac2ff0a428eb445e1a4b505884a2023-06-19T05:55:19ZengSciendoStudies in Business and Economics2344-54162023-04-0118121823010.2478/sbe-2023-0012Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech RepublicPalečková Iveta0Přečková Lenka11Silesian University, Czech Republic2Silesian University, Czech RepublicThe study assesses the determinants of the financial stability of the Czech commercial insurance companies within the period 2004-2019. The eight macroeconomic determinants of the financial stability of insurance are analysed for both insurers, i.e., with predominated life and non-life insurance. The generalized method of moments is used for empirical analysis. The results show four macroeconomic variables were statistically significant determinants of financial stability in the case of non-life insurers and three determinants influenced the financial stability of life insurers. The study concludes that the determinants of the financial stability of non-life insurers were different that in the case of life insurers. Moreover, the impact of several determinants is also different in case life and non-life insurers in the Czech Republic.https://doi.org/10.2478/sbe-2023-0012life insurancenon-life insurancefinancial stability indexreal gross domestic product growth rategeneralized method of moments |
| spellingShingle | Palečková Iveta Přečková Lenka Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic Studies in Business and Economics life insurance non-life insurance financial stability index real gross domestic product growth rate generalized method of moments |
| title | Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic |
| title_full | Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic |
| title_fullStr | Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic |
| title_full_unstemmed | Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic |
| title_short | Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic |
| title_sort | macroeconomic determinants of insurance companies financial stability the case of the czech republic |
| topic | life insurance non-life insurance financial stability index real gross domestic product growth rate generalized method of moments |
| url | https://doi.org/10.2478/sbe-2023-0012 |
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