Slower Expansion of the Insurance Industry
In 1989 and 1990, the expansion of the private insurance sector fell short of overall economic growth. For the first time in the eighties premium revenues rose less fast than nominal GDP. The tax reform of 1989 and the high level of interest rates let life insurance premium yields even decline in 1990. The loss ratio in the health insurance business hit its lowest level in six years in 1989, but rebounded thereafter. The motor vehicle liability insurance recorded higher premium revenues, concentrated however on the top brackets. Premium level differentials are currently too low as to induce substantial shifts in market shares from high- to low-premium insurers. For the first time, securities in 1989 claimed the largest share in the investment portfolio of insurance companies.
Year of publication: |
1991
|
---|---|
Authors: | Brandner, Peter |
Published in: |
WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 64.1991, 6, p. 345-351
|
Publisher: |
Österreichisches Institut für Wirtschaftsforschung (WIFO) |
Subject: | Wachstum der Versicherungswirtschaft gebremst. Die Entwicklung der österreichischen Versicherungswirtschaft 1989/90 | Slower Expansion of the Insurance Industry |
Description of contents: | Abstract [wifo.ac.at] |
Saved in:
Saved in favorites
Similar items by person
-
Geldmengenentwicklung im Übergang zur Währungsunion
Brandner, Peter, (2000)
-
Unifying EU representation at the IMF executive board: A voting and veto power analysis
Brandner, Peter, (2009)
-
Fiscal deficits and sustainability of fiscal position in the EU-Countries
Schuberth, Helene, (1998)
- More ...