Zajištění a jeho postavení na finančních trzích

The thesis analyses reinsurance as a specific financial instrument and evaluates its economic significance within the financial market. In an environment of increasing catastrophic losses and growing claims volatility, the role of reinsurance is becoming increasingly important not only from the perspective of insurance market stability, but also for in the context of the broader financial system. The aim of the thesis is to systematically analyse the role of reinsurance, map the current structure of the reinsurance market, and examine its economic contribution to the stability of financial markets in both national and global contexts. The analytical part of the thesis combines a detailed comparative analysis of selected dominant Czech insurance companies with a macroeconomic synthesis of secondary data drawn from international regulatory and expert sources. The thesis further identifies systemic risks associated with the high market concentration of global reinsurers. The results suggest that reinsurance may, within the analysed context, contribute to the stabilisation of insurers’ results and the support of their underwriting capacity.