Metody výpočtu reálné hodnoty penzijního připojištění se státním příspěvkem

Abstract

The supplementary pension insurance with state contribution is a specific product of our insurance market which fulfills the definition of the insurance contract according to the International Accounting Standards in almost all cases. This diploma thesis describes the pension insurance in the Czech Republic and the present state and plans of the International Accounting Standards for accounting concerning insurance contracts { specially accounting concerning fair value of liabilities. Further, we mentioned the risk neutral approach which has been used for pricing of nancial market instruments for a quite long time. This is the basis for the suggested model of the fair value calculation of the liabilities of a pension fund where two-factor model of the instantaneous intensity of the interest rate is used.