Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic

Autor: Palečková Iveta, Přečková Lenka
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Studies in Business and Economics, Vol 18, Iss 1, Pp 218-230 (2023)
Druh dokumentu: article
ISSN: 2344-5416
DOI: 10.2478/sbe-2023-0012
Popis: 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.
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