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

Author

Listed:
  • PALEČKOVÁ Iveta

    (Silesian University, Czech Republic)

  • PŘEČKOVÁ Lenka

    (Silesian University, Czech Republic)

Abstract

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.

Suggested Citation

  • PALEČKOVÁ Iveta & PŘEČKOVÁ Lenka, 2023. "Macroeconomic Determinants Of Insurance Companies’ Financial Stability: The Case Of The Czech Republic," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(1), pages 218-230, April.
    • Handle: RePEc:blg:journl:v:18:y:2023:i:1:p:218-230
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