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The aim of this work is to investigate the drivers of productivity evolution in the European life insurance industry in … develop a generalized Malmquist efficiency decomposition to gauge the relative importance of two sources of productivity … best-in-class insurers. We find that productivity increased on an annual basis by 6.71 per cent; the increase has been …
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Select Products are equity-linked life insurances with investment guarantee in the German market which – in contrast to typical guaranteed equity-linked products – are constructed by using a traditional life insurance contract and suitably leveraging the annual surplus distribution. In this...
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