How to recognize revenues from gross written premium: some evidence from insurance companies operating in CEE markets.

Authors

  • Jiřina Bokšová Škoda Auto University, Department of Financial and Managerial Accounting
  • Jiří Strouhal Škoda Auto University, Department of Financial and Managerial Accounting

DOI:

https://doi.org/10.37335/ijek.v2i2.20

Keywords:

insurance, gross written premium, life insurance, non-life insurance

Abstract

The research objective of this paper is to compare the current approaches in reporting of gross written premium in selected Central and Eastern European countries. Under current Czech regulations, the gross written premium in majority of Czech insurance companies is charged under the payment method set in the contract (i.e. annually, quarterly, monthly, etc.), however revenues from gross written premium for the accounting period are always shown in the proper amount. Our research confirmed that presented information about gross written premium in various jurisdictions is based on different methodologies and proved that for the comparability of data and for their information capability there is crucial to develop a precise definition of gross written premium; only in such case there would be possible to ensure the credibility of statistical data. Using these incomparable data may lead in many cases to misleading conclusions when evaluating the level of insurance in various countries and regions.

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Published

2014-12-31

How to Cite

Bokšová, J. ., & Strouhal, J. . (2014). How to recognize revenues from gross written premium: some evidence from insurance companies operating in CEE markets. International Journal of Entrepreneurial Knowledge, 2(2). https://doi.org/10.37335/ijek.v2i2.20

Issue

Vol. 2 No. 2 (2014): International Journal of Entrepreneurial Knowledge

Section

Review

License

International Journal of Entrepreneurial Knowledge (ISSN 2336-2960) is published by the Center for International Scientific Research of VŠO and VŠPP in cooperation with the following partners:

  • University College of Business in Prague, Czech Republic
  • University of Entrepreneurship and Law, Prague, Czech Republic
  • School of Business and Administration of the Polytechnic Institute of Setúbal, Portugal
  • Faculty of Operation and Economics of Transport and Communications, University of Zilina, Slovakia
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