Abstract
In addition to floods, which have been considered a priority risk factor in the context of global warming and thus more research has been focused on this issue, there are still a number of other risks that require more attention. A significant risk factor that has recently occurred is the coronavirus SARS COV-2 and that is why its management has been implemented in the risk management of insurance companies. Due to its high infectivity and rapid spread across the planet, this virus has resulted in a pandemic situation. Hence, countries all over the world have had to take plenty of unpopular measures in order to mitigate the spread and the consequent adverse socioeconomic situation. Obviously, this situation has gradually affected various economic subjects at many levels. Insurance companies, as profit-oriented business entities, have the option to transfer the risks they undergo to reinsurance companies in accordance with reinsurance contracts. Reinsurance can thus affect the financial performance of insurance companies. The aim of our study was to examine and quantify the relationship between reinsurance and selected indicators of financial performance of insurance companies in Slovakia. We quantify these relationships through regression coefficients, which are the output of regression analysis.
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Acknowledgement
This paper has been supported by the Scientific Grant Agency of Slovak Republic under project VEGA No. 1/0579/21 “Research on Determinants and Paradigms of Financial Management in the context of the COVID-19 Pandemic.” The authors would like to express their gratitude to the Scientific Grant Agency of the Ministry of Education, Science, Research, and Sport of the Slovak Republic for financial support of this research and publication.
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Grofčíková, J., Izáková, K., Škvareninová, D. (2022). Interrelation Between Reinsurance and Financial Performance in Slovak Insurance Companies. In: Tsounis, N., Vlachvei, A. (eds) Advances in Quantitative Economic Research. ICOAE 2021. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-98179-2_18
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