Evolution of a Commercial Insurance Company in Trans-Epochal Developments: The Evidence of Czech Insurance Market

VÁVROVÁ, Eva and Lenka PŘEČKOVÁ. Evolution of a Commercial Insurance Company in Trans-Epochal Developments: The Evidence of Czech Insurance Market. In History of Insurance in a Global Perspective. 2022.

Basic information

Original name

Evolution of a Commercial Insurance Company in Trans-Epochal Developments: The Evidence of Czech Insurance Market

Authors

VÁVROVÁ, Eva and Lenka PŘEČKOVÁ

Edition

History of Insurance in a Global Perspective, 2022

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Other information

Language

English

Type of outcome

Prezentace na konferencích

Field of Study

50206 Finance

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Organization unit

Faculty of Economics and Administration

Keywords in English

commercial insurance company, insurance market, monopoly, economic transformation, demonopolization, micro-historical analysis

Tags

International impact, Reviewed

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Abstract

V originále

This paper aims to analyse the evolution of the leading commercial insurance company operating in the Czech insurance market from 1947 to 2020. Its evolution was closely linked to the processes of building socialism in the 1950s and the federalization of Czechoslovakia at the end of the 1960s, which meant that the natural market development of the Czech/Czechoslovak insurance industry was interrupted for several decades. The monopoly period of the Czechoslovak insurance industry lasted until the beginning of the nineties. Both the economic transformation in the 1990s and globalization in the last decades have had a radical effect on the further development of the analysed company. The authors shall apply methods of description and comparison as well as local, microhistorical analyses.