In this paper we try to assess the impact of various policy changes on the ability of the insurance industry to preserve or increase the shareholders' value. As a proxy of the sensitivity of the shareholders value, we measure the sensitivity of ROE (Return On Equities) to three main variables...

In this paper we try to assess the impact of various policy changes on the ability of the insurance industry to preserve or increase the shareholders' value. As a proxy of shareholders value, we measure the sensitivity of ROE (Return On Equities) to three main variables i.e.: (1) Different asset...