The topic of this thesis is "An Analysis of the Czech Insurance Market." This thesis is divided into three parts. The individual areas of the insurance market and its indicators, which are used for a description and comparison of insurance markets in general, are described within the theoretical part of this thesis. In the second part, the development of the Czech insurance market is discussed with a focus on changes in the legislative framework of the insurance industry and the events that had significant impact on the development of the Czech insurance market. In the final part, an analysis of the Czech insurance market is conducted, which is based on an evaluation of indicators defined in the theoretical part and the various developments in the life and non-life insurance markets during the examined period are discussed.

Relationships between insurance variables representing the cash flows of the Czech insurance market can be effectively modeled using a dynamic system of linear simultaneous equations. The source of the underlying data to build such a model can be publicly available annual reports of the Czech Insurance Association. The resulting model can find its use mainly to predict the future development of financial flows based on historical observations and analysis of possible scenarios. It is this analysis of potential projections and their consequences which provides insight into how e.g. a future decrease of new insurance policies would affect the expected amount of claims costs and the volume of written premiums.

The goal of diploma thesis is describing and evaluating of present, officially published rankings in the Czech Republic and creating own rankings in one branch of economy, specifically in health insurance industry. Evaluation is focused on quality and availability of information and used criteria, their significance and evaluators. I also focused on users of rankings and ways of measuring companies' efficiency, which is one of the most important criteria of rankings. Second part is focused on health insurance market. I describe subjects on this market, analyze share of different kinds of insurance on insurance globally and compare to Czech and European economy. I analyze evaluation of insurance companies by Czech national bank, which is authority for inspection of insurance market or rating agencies.

Lloyd’s of London is well-known throughout the world as a major insurance market. Lloyd’s history in South Africa, however, until now has not been documented. This dissertation seeks to provide a detailed account of a history of Lloyd’s in South Africa, highlighting its contribution towards the development of the South African insurance market. The study starts with a history of Lloyd’s in the United Kingdom. This is followed by the history of Lloyd’s in South Africa starting with the first discovered record of Lloyd’s in South Africa and concludes by setting out its current position in the South African insurance market.

The main goal of my disertation work was to analyze the development of the Czech insurance market from 2000 until 2011 and create a forecast until the year 2015 at this market. In the first part of my work I will focus on demarcation of the commercial insurance, I will mention few interesting information about history of the Czech insurance market and its regulation. We will also describe important indicators of the insurance market. In the second section of my work we will analyze the branch of the life and non-life insurance in the Czech Republic from 2000 to 2011. In the third part we will create the concrete forecast of the Czech insurance market until the year 2015 using analysis of time series of written premium and GDP.

This is a multi-essay dissertation in the area of dynamic models of the insurance markets. I study issues in insurance markets by examining individual behavior and industry performance in dynamic settings. My first essay studies household life insurance demand and saving decisions by applying a heterogeneous-agent life cycle model with wage shocks and mortality shocks. This essay proposes the most important determinants of household life insurance demand, and shows the joint decision of life insurance purchase between couples. My second essay focuses on the property-liability insurance market, and aims to study the impact of one catastrophe event on an insurer’s underwritings and capital raising strategy. The two-period cash flow model is built to also explore what kind of insurers can benefit from catastrophic risk underwritings. My third essay extends the second essay by incorporating a dynamic cash flow model with a series of loss shocks. I find the dynamic interaction between the insurer’s balance sheet and its capital rationing resulting from loss shocks. The model generates a non-cyclical behavior of output changes in the insurance market, and this suggests the current asymmetric, unpredictable and random underwriting cycles are temporary responses to loss shocks.

The main purpose of this thesis is to analyze the development of insurance market in Czech Republic between years 2000 and 2008 and make forecast of the market's development. The first chapter differs social and commercial insurance based on the way of financing and describes the basic characteristics of the commercial insurance market. The goal of the second chapter is to describe the macroeconomic conditions which where essential for the development of Czech insurance market in 90's. The scope of the third chapter is the commercial insurance market and analysis of the premium, insurance claims, insured events and number of insurance companies in the market. The goal of the final chapter is to forecast the development of Czech insurance market till 2012 based on time series analysis (premium, GDP).

This Thesis is focused on the British insurance company Lloyd's of London. The first part describes the UK insurance market and its long history and regulation. A specific part is the London insurance market, where Lloyd's has an important position. The main part is devoted to the characterization of Lloyd's and its analysis of the insurance business. It focuses on the structure and management of the insurance company and introduces the individual classes of insurance, which are casualty, property, marine, energy, motor, aviation and reinsurance. The aim of this thesis is to present to the public how Lloyd's business works and to identify its market power and behavior in crisis situations. At the end of this thesis a detailed scope of action for Lloyd's is presented.

The thesis deals with life insurance market in Czech Republic, its trends and importance. In the first place it defines life insurance and its importance for individuals and whole community. It looks at possible ways how to sign an insurance contract and particularly it explores a work of insurance brokers and deals with the actual questions of the brokerage distribution of insurance. Furthermore, it examines the life insurance market trends since 1990s, it compares it with the trends in European union and sums up the sources of results. Finally, it shows the importance of life insurance for Czech citizens based on questionnaire and predicts future trends of life insurance market in Czech Republic.

The goal of the submitted thesis "Audit of Commercial Insurance Company" is to introduce the process of the audit of the insurance company. Theoretical part of the thesis contains a general introduction to audit, general auditors procedures and audit legislation. Practical part describes the audit of commercial insurance company with main focus on audit of the financial investments, gross premiums written, technical reserves and claim payments.