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New euro area statistics on insurance corporations’ premiums, claims and expenses

Author

Listed:
  • Cera, Katharina
  • Döbbeling, Niklas

Abstract

Newly released data on the written premiums, incurred claims and acquisition expenses of insurance corporations help monitor the euro area insurance sector, which is growing in total assets and becoming increasingly important for financing the economy. The data reveal a significant growth in premiums and claims over the past two years, with considerable differences across insurance sectors. Incurred claims remain below premiums written and are growing at a slower pace. The data can also be used to assess the share of premiums used to attract new business and to monitor cross-border business activities via branches in the insurance sector. JEL Classification: E01, G22, G52

Suggested Citation

  • Cera, Katharina & Döbbeling, Niklas, 2020. "New euro area statistics on insurance corporations’ premiums, claims and expenses," Economic Bulletin Boxes, European Central Bank, vol. 7.
    • Handle: RePEc:ecb:ecbbox:2020:0007:2
    Note: 3597820
    as

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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2020/html/ecb.ebbox202007_02~3fc4ffea93.en.html
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    More about this item

    Keywords

    insurance corporations; New statistical release;

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G52 - Financial Economics - - Household Finance - - - Insurance

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