Artikel
Influence of catastrophe risk on insurance and reinsurance markets
Insurance and reinsurance markets are exposed to influence of unsystematic catastrophe risk, which is caused by adverse development in natural disasters. Deepening of influence is highlighted in relation to irregular and extreme impacts of catastrophes. Insurers face to coverage of random loss events with contribution of reinsurers through a transfer of specified part of non-life risk. Influence of catastrophe risk is assessed through analysis of annual and quarterly development in catastrophe losses, impacts of floods, amount of premium written and reinsurance premium with respect to relations among selected variables. Analysis is focused on specific conditions of the Czech insurance market in context of reinsurance market. The findings concern to negative development in increasing catastrophe and flood losses, which seems to be not in line with changes in premium written, respectively reinsurance premium, which remain at stable level during analysed period. Respecting unfavourable aspect of insufficient data, results emphasize inadequate level of reinsurance of significant catastrophe risk, respectively floods, within the Czech insurance market.
- Language
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Englisch
- Bibliographic citation
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Journal: European Financial and Accounting Journal ; ISSN: 1805-4846 ; Volume: 12 ; Year: 2017 ; Issue: 4 ; Pages: 47-66 ; Prague: University of Economics, Faculty of Finance and Accounting
- Classification
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Management
Financial Econometrics
Insurance; Insurance Companies; Actuarial Studies
- Subject
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Catastrophe
Flood
Insurance
Reinsurance
- Event
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Geistige Schöpfung
- (who)
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Bártová, Hana
- Event
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Veröffentlichung
- (who)
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University of Economics, Faculty of Finance and Accounting
- (where)
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Prague
- (when)
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2017
- DOI
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doi:10.18267/j.efaj.200
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Bártová, Hana
- University of Economics, Faculty of Finance and Accounting
Time of origin
- 2017
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