Work detail

The prospect of insurance markets

Author: Bc. Petra Pernerová
Year: 2005 - summer
Leaders: † prof. Ing. Karel Kouba DrSc.
Work type: Bachelors
Language: Czech
Pages: 80
Awards and prizes:
Abstract: The estimation of the impact of introducing of alternative risk transfers to the Czech insurance market is the objective of this work. The development of the world insurance market and the Czech insurance market at the beginning shows the typical price cycle on these markets. Then the high of premiums, life and non-life business and great insured losses are analysed. After this, there is a description of reinsurance and its types to complete the picture of insurance market. The next chapter describes methods of alternative risk transfer, then there is mentioned the finite reinsurance and other alternative methods of insurance. Especially pros and cons of the alternatives and comparison with traditional methods are stressed here. Then the short summary and conclusion follows. The conclusion says that if the alternative risk transfer takes hold on the Czech insurance market, it will raise the efficiency and reduce the prices. The introduction of internet to insurance increases the efficiency too.


Česká Spořitelna


Patria Finance