Low Financial Returns Undermine the Life Insurance Business

Thomas Url
Additional contact information
Thomas Url: WIFO

Austrian Economic Quarterly, 2012, vol. 17, issue 4, 256-264

Abstract: With a modest increase of premium revenues by 1.1 percent in 2011, growth of Austria's private insurance companies remained below that of nominal GDP (+5 percent). Performance within the sector was uneven: while premium revenues in non-life and accident insurance rose by a hefty 7.2 percent, they fell by a surprisingly strong 7.3 percent in the life insurance branch. Fragile conditions on money and capital markets led to a squeeze in insurers' financial earnings in 2011 and to the rate of return on invested insurance capital converging towards the benchmark yield on federal government bonds.

Keywords: Life; insurance; Non-life; insurance (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/46079 abstract (text/html)
Payment required

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wfo:wquart:y:2012:i:4:p:256-264

Access Statistics for this article

More articles in Austrian Economic Quarterly from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().