Conservative insurance sector: the development under increased change pressure in the economic and financial environment

Authors

  • Ing. Petra Tisová Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, Katedra bankovnictví a pojišťovnictví
  • prof. Ing. Eva Ducháčková, CSc. Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, Katedra bankovnictví a pojišťovnictví

DOI:

https://doi.org/10.61357/sehs.v13i1.40

Keywords:

Insurability limits, indemnity insurance, amount insurance, Solvency II, NewSpace, catastrophe risk

Abstract

The changes that are currently taking place are affecting the insurance sector. In many cases, changes cause insurance companies to be forced to adapt to new approaches or insurance products. The task of insurance companies is to compensate for the negative consequences of chance, but the nature of randomness has changed significantly in recent periods. Insurance companies have to cope with the new nature of risks, with a higher incidence of catastrophic risks, regulations (especially with regard to Solvency II rules) and thus decide on insurability limits. An example of a new approach and a specific product is the so-called NewSpace. The aim of the presented paper is to evaluate the impact of current changes on the insurance industry with emphasis on the application of new approaches.

References

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Published

2021-08-08

How to Cite

Tisová, P., & Ducháčková, E. (2021). Conservative insurance sector: the development under increased change pressure in the economic and financial environment. Socio-Economic and Humanities Studies, 13(1), 141–152. https://doi.org/10.61357/sehs.v13i1.40

Issue

Vol. 13 No. 1 (2021): Socio-Economic and Humanities Studies

Section

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For all articles published in SEHS, copyright is retained by the authors. Articles are licensed under an open access Creative Commons CC BY 4.0 license, meaning that anyone may download and read the paper for free.

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