Evaluation of the Impact of the COVID-19 Pandemic on the Financial Health of Commercial Insurance Companies in the Czech Republic

PŘEČKOVÁ, Lenka and Eva VÁVROVÁ. Evaluation of the Impact of the COVID-19 Pandemic on the Financial Health of Commercial Insurance Companies in the Czech Republic. In EERIA Annual Conference 2023. 2023.

Basic information

Original name

Evaluation of the Impact of the COVID-19 Pandemic on the Financial Health of Commercial Insurance Companies in the Czech Republic

Name in Czech

Dopad pandemie Covid-19 na finanční zdraví komerčních pojišťoven v České republice

Authors

PŘEČKOVÁ, Lenka and Eva VÁVROVÁ

Edition

EERIA Annual Conference 2023, 2023

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Other information

Language

English

Type of outcome

Prezentace na konferencích

Field of Study

50206 Finance

Country of publisher

Poland

Confidentiality degree

není předmětem státního či obchodního tajemství

Organization unit

Faculty of Economics and Administration

Keywords (in Czech)

pandemie, komerční pojišťovny, finanční ukazatele

Keywords in English

Pandemic, Insurance companies, Financial ratios

Tags

International impact, Reviewed

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Abstract

V originále

This article focuses on assessing the impact of the COVID-19 pandemic on the insurance operations of commercial insurance companies in the Czech Republic. The aim of the article is to determine the impact of the pandemic on the financial health of commercial insurance companies in the Czech Republic. In order to achieve this, ratio indicators suitable for measuring the financial health of commercial insurance companies, such as the growth rate of premium income, cost-effectiveness, profitability, or solvency, shall be employed. Because insurance activities in non-life and life insurance differ and show different values of ratio indicators of financial health, insurance companies shall be divided into two groups: those with a predominance of life insurance and those with a predominance of non-life insurance. The impact of the pandemic on the financial health indicators of individual commercial insurance companies shall be monitored. The period from 2016 to 2021 shall be selected to determine the impact of the pandemic. Data from the statistics of the Czech Association of Insurance Companies and annual reports of insurance companies shall be used.