Thesis PlanB (M.S.)--University of Wisconsin--Stout, 2008. / Includes bibliographical references.

This work deals with the financial analysis and evaluation of insurance company. Generali Pojišťovna a.s. is the company which was chosen to evaluation during time slice from 2005 to 2009. I am trying to focus on concrete position of chosen company on the Czech and World insurance market by it home company. After that I made an analyse of micro and macro environment which we can use for better understanding of insurance market evolution. In this work I am trying to make a clear in particularity of insurance business on the basis I will be able to make an final evaluation of chosen company.

<p>Background: The Swedish life-insurance business has been extensively criticised lately due to broken promises to customers as well as due to scandals that some companies within the business have been involved in. The companies within the Swedish life-insurance business find themselves in a so- called crisis of confidence, something that is created in and by media. A company that finds itself in a crisis of confidence somehow have to manage the situation and crises of confidence can also result in different kinds of changes. </p><p>Purpose: The aim of this thesis is to explore and analyse how individual life- insurance companies manage crises of confidence. As a consequence, the aim is also to investigate in what way crises of confidence are initiators to change. </p><p>Procedure: The study has been conducted through seven qualitative interviews with individuals holding a managerial position within a Swedish life-insurance company. </p><p>Findings: Essential for managing crises of confidence is communication and information mainly to media, but also to customers and employees. Further, a higher level of clarity and transparency in products and activities, together with increased control of ethical policies, are aspects that have been shown to be of importance in managing the crisis of confidence within the Swedish life- insurance business. The crisis of confidence has generated changes, but it can not be decided with certainty if these changes have been initiated only by the crisis of confidence, or if the changes would have been carried through anyway. What can be established, is that the crisis of confidence has speeded up already planned changes.</p>

<p>Background: The Swedish life-insurance business has been extensively criticised lately due to broken promises to customers as well as due to scandals that some companies within the business have been involved in. The companies within the Swedish life-insurance business find themselves in a so- called crisis of confidence, something that is created in and by media. A company that finds itself in a crisis of confidence somehow have to manage the situation and crises of confidence can also result in different kinds of changes. </p><p>Purpose: The aim of this thesis is to explore and analyse how individual life- insurance companies manage crises of confidence. As a consequence, the aim is also to investigate in what way crises of confidence are initiators to change. </p><p>Procedure: The study has been conducted through seven qualitative interviews with individuals holding a managerial position within a Swedish life-insurance company. </p><p>Findings: Essential for managing crises of confidence is communication and information mainly to media, but also to customers and employees. Further, a higher level of clarity and transparency in products and activities, together with increased control of ethical policies, are aspects that have been shown to be of importance in managing the crisis of confidence within the Swedish life- insurance business. The crisis of confidence has generated changes, but it can not be decided with certainty if these changes have been initiated only by the crisis of confidence, or if the changes would have been carried through anyway. What can be established, is that the crisis of confidence has speeded up already planned changes.</p>

Background: The Swedish life-insurance business has been extensively criticised lately due to broken promises to customers as well as due to scandals that some companies within the business have been involved in. The companies within the Swedish life-insurance business find themselves in a so- called crisis of confidence, something that is created in and by media. A company that finds itself in a crisis of confidence somehow have to manage the situation and crises of confidence can also result in different kinds of changes. Purpose: The aim of this thesis is to explore and analyse how individual life- insurance companies manage crises of confidence. As a consequence, the aim is also to investigate in what way crises of confidence are initiators to change. Procedure: The study has been conducted through seven qualitative interviews with individuals holding a managerial position within a Swedish life-insurance company. Findings: Essential for managing crises of confidence is communication and information mainly to media, but also to customers and employees. Further, a higher level of clarity and transparency in products and activities, together with increased control of ethical policies, are aspects that have been shown to be of importance in managing the crisis of confidence within the Swedish life- insurance business. The crisis of confidence has generated changes, but it can not be decided with certainty if these changes have been initiated only by the crisis of confidence, or if the changes would have been carried through anyway. What can be established, is that the crisis of confidence has speeded up already planned changes.

Background: The Swedish life-insurance business has been extensively criticised lately due to broken promises to customers as well as due to scandals that some companies within the business have been involved in. The companies within the Swedish life-insurance business find themselves in a so- called crisis of confidence, something that is created in and by media. A company that finds itself in a crisis of confidence somehow have to manage the situation and crises of confidence can also result in different kinds of changes. Purpose: The aim of this thesis is to explore and analyse how individual life- insurance companies manage crises of confidence. As a consequence, the aim is also to investigate in what way crises of confidence are initiators to change. Procedure: The study has been conducted through seven qualitative interviews with individuals holding a managerial position within a Swedish life-insurance company. Findings: Essential for managing crises of confidence is communication and information mainly to media, but also to customers and employees. Further, a higher level of clarity and transparency in products and activities, together with increased control of ethical policies, are aspects that have been shown to be of importance in managing the crisis of confidence within the Swedish life- insurance business. The crisis of confidence has generated changes, but it can not be decided with certainty if these changes have been initiated only by the crisis of confidence, or if the changes would have been carried through anyway. What can be established, is that the crisis of confidence has speeded up already planned changes.

The work deals with the phenomenon of information asymmetry on the insurance markets. The aim of this work is to identify the information asymmetry as such and its specifics on the insurance markets, to describe and evaluate the possible procedures for its reduction and finally to estimate the future developments in this field. We use the study of the scientific literature, analysis of related legislation and insurance conditions of relevant insurance products and last but not least the author's own experience of work in the field of banking. There are described the procedures to reduce the information asymmetry such as the insurance legislation, possible modifications in the insurance conditions, information registers and expert systems.

This thesis is devoted to the financial analysis of insurance company Slavia in 2008 - 2011. At first it deals with general financial analysis used for non-financial companies. After that it mentions differences in the management of insurance companies from other companies and characterizes the field of insurance industry and risks, which carries insurance company. The thesis also uses the methodology applied for the insurance industry by agency Standard & Poor's. After a short introduction of insurance company it takes a turn the analysis of the development of the Czech insurance market at non-life insurance field. Finally, it comes itself application of the methodology of financial analysis adjusted for specifics in insurance industry.

Thesis (D.P.H.)--University of Michigan.

Dissertation (D.P.H.)--University of Michigan.