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On the macrofinancial determinants of life and non-life insurance premiums

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F23%3A10248435" target="_blank" >RIV/61989100:27510/23:10248435 - isvavai.cz</a>

  • Alternative codes found

    RIV/61384399:31110/23:00059300

  • Result on the web

    <a href="https://link.springer.com/article/10.1057/s41288-021-00249-z" target="_blank" >https://link.springer.com/article/10.1057/s41288-021-00249-z</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1057/s41288-021-00249-z" target="_blank" >10.1057/s41288-021-00249-z</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    On the macrofinancial determinants of life and non-life insurance premiums

  • Original language description

    This paper tests potential determinants of the development of the insurance sector. Using a rich dataset for 24 European countries spanning two decades, we identify a set of macrofinancial factors that are the most robust predictors of growth of gross premiums in the life and non-life insurance sectors. We show that both life and non-life premiums co-move with the business cycle and are positively related to higher savings and a more developed financial system. In addition, we provide new evidence on the role of market concentration and price effects. We find that market concentration matters only for life insurance, whereas the price channel is significant only for non-life insurance. From a policy perspective, our empirical estimates can be used to refine the existing macroprudential stress tests of the insurance sector.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • OECD FORD branch

    50206 - Finance

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2023

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Geneva Papers on Risk and Insurance : Issues and Practice

  • ISSN

    1018-5895

  • e-ISSN

    1468-0440

  • Volume of the periodical

    48

  • Issue of the periodical within the volume

    4

  • Country of publishing house

    GB - UNITED KINGDOM

  • Number of pages

    38

  • Pages from-to

    "760–798"

  • UT code for WoS article

    000722536500001

  • EID of the result in the Scopus database

    2-s2.0-85119885230