MACROECONOMIC DETERMINANTS OF INSURANCE COMPANIES' FINANCIAL STABILITY: THE CASE OF THE CZECH REPUBLIC

被引：1
|
作者：
Iveta, Paleckova [1 ]
Lenka, Preckova [1 ]
机构：
[1] Silesian Univ, Opava, Czech Republic
来源：
STUDIES IN BUSINESS AND ECONOMICS | 2023年 / 18卷 / 01期
关键词：
Life insurance; non-life insurance; financial stability index; real Gross Domestic Product growth rate; generalized method of moments; SYSTEMIC RISK; SOLVENCY; CRISIS; HEALTH;
D O I：
10.2478/sbe-2023-0012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：218 / 230
页数：13
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