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Low Financial Returns Undermine the Life Insurance Business

Author

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  • Thomas Url

    (WIFO)

Abstract

With a modest increase of premium revenues by 1.1 percent in 2011, growth of Austria's private insurance companies remained below that of nominal GDP (+5 percent). Performance within the sector was uneven: while premium revenues in non-life and accident insurance rose by a hefty 7.2 percent, they fell by a surprisingly strong 7.3 percent in the life insurance branch. Fragile conditions on money and capital markets led to a squeeze in insurers' financial earnings in 2011 and to the rate of return on invested insurance capital converging towards the benchmark yield on federal government bonds.

Suggested Citation

  • Thomas Url, 2012. "Low Financial Returns Undermine the Life Insurance Business," Austrian Economic Quarterly, WIFO, vol. 17(4), pages 256-264, December.
    • Handle: RePEc:wfo:wquart:y:2012:i:4:p:256-264
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    Keywords

    Life insurance Non-life insurance;

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