≣ MENU

Search For:  
Czech |  English

Journal of Competitiveness

Research of the Behavior of Consumers in the Insurance Market in the Czech Republic

Marešová Petra

Keywords:
consumer, insurance, market, decision-making

Abstract:
The purpose of this article is to familiarize with research aim, goal of which is to map out consumer behavior in the choice of insurance against death was carried out. This insured risk was chosen because for most insurers in the product offering as one of the key and it occurs within the highly competitive bid. At consumer behavior specification is also taken into account their classifying that can influence potential irrational behavior elements and help to clarify studied dilemma more (e.g. income brackets, age or other demographic information). Results will contribute to decision-making theory enrichment in given specific segment. From view of practice, they will be used in co-operative institution with the aim of a better client comprehension, product optimization and thereby contracts decline prevention and permanent clientele expansion. The results of the research project showed that most consumers under the influence of certain factors act irrationally. These factors include media coverage of the causes of claims discount, offer extension of insurance coverage.

Fulltext download:

Research of the Behavior of Consumers in the Insurance Market in the Czech Republic [PDF file] [Filesize: 881.43 KB]

10.7441/joc.2012.02.02


Marešová, P.(2012). Research of the Behavior of Consumers in the Insurance Market in the Czech Republic. Journal of Competitiveness, 4 (2), 20-37. https://doi.org/10.7441/joc.2012.02.02

Journal of Competitiveness

  

Copyright © 2009-2022 Tomas Bata University in Zlin.
Search powered by Google™

ISSN 1804-171X (Print); eISSN 1804-1728 (On-line)


Creative Commons License
The journal offers access to the contents in the open access system on the principles license Creative Commons (CC BY 4.0).