Investiční činnost komerčních pojišťoven
INVESTMENT ACTIVITY OF THE COMMERCIAL INSURANCE COMPANIES

Summary/Abstract: Insurance company is a institution which deals with insurance activities by law of insurance. It is a legal subject, which effects insurance policy. Insurance company executes insurance protection. It can be specialized at offer of in-surance products, class of insurance – life or non-life or some risks. Insurance com-pany can also act as universal company. The main tasks of insurance companies are: • technical task, i. e. compensation of insurance loss, • prevention task, i. e. sinking of risk of the policyholder, • investment, i. e. possibilities of placement of temporary available finances accord-ing to the Law on Insurance and related Decree. Net technical reserves of insurance companies are made of premium and are used for paying the indemnity. Some part of these reserves can be used for investment of insu-rance companies. Each insurance company has its own investment policy. Insurance companies operating on the insurance market created reserves in number of billion. In year 1999 was volume of net technical reserves of insurance companies in the Czech Republic almost 110 billion CZK. By comparing with volume of these tech-nical reserves in year 1995 was index 151.5 %. By investment is insurance company obligated for keeping these principles: • principle of security, • principle of rentability, • principle of solvency, • principle of diversification. Investment of insurance companies is specific for each of them as well as investment strategy and philosophy. In the Czech Republic was the investment structure different as in other advanced countries. The most part of investment was placed in bank deposits, other instruments were used lower. It is possible to suppose that portfolio mix of insurance companies will change in sequence by example in developed economics.The process of investment and strategy, which are the clients not interested in, and which many companies do not make public, means evaluation of their net technical reserve i. e. money of clients.

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