European Financial and Accounting Journal 2018, 13(2):5-30 | DOI: 10.18267/j.efaj.207

Analysis of the Individual Travel Insurance in the Czech Republic

Zdeněk Rybák
University of Economics, Prague, Faculty of Finance and Accounting, Department of Corporate Finance, W. Churchill Sq. 4, 130 67 Prague 3, Czech Republic.

The main goal of this paper is to provide the description, current offer and factors behind the premia differences of the travel insurance products offered in the Czech Republic. It focuses on the premia pricing, risks covered, claim limits, product distribution and terms and conditions in comparison with the Central European region. Also, there are expressed findings, limitations and trends of this product. The paper first analyses the whole market of travel insurance. Next, it focuses on the travel insurance in general in order to provide the readers with some basic information. There is provided a description of the situation in the Czech Republic, such as the travel insurance with details on the risks covered, forms of the travel insurance, distribution channels, limits for the coverage, price factors (age, purpose of the trip, destination, length of the trip). The analysis is complemented by price analysis in order to provide the price factor overview to this product, with an expansion and comparison of prices within the Central European region. The final part of the paper discusses findings on the travel insurance and also provides current trends in the travel insurance industry of the Czech Republic.

Keywords: Travel insurance, Insurance, Risks, Czech Republic
JEL classification: G20, G22, I13

Published: September 1, 2018  Show citation

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Rybák, Z. (2018). Analysis of the Individual Travel Insurance in the Czech Republic. European Financial and Accounting Journal, 13(2), 5-30. doi: 10.18267/j.efaj.207
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