Grochola, Nicolaus; Schlütter, Sebastian - 2023 - This version: June 2023
drivers of the discretionary decisions. For this purpose, we first assess the risk profile of 49 European insurers by … spreads. In a second step, we analyze to what extent insurers' risk profiles influence their discretionary decisions in the … capital requirement calculation. We gather information on discretionary decisions based on hand-collected Solvency II data for …