{"id":117034,"date":"2024-01-22T20:19:14","date_gmt":"2024-01-22T19:19:14","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/117034\/"},"modified":"2026-02-17T16:42:57","modified_gmt":"2026-02-17T15:42:57","slug":"niedrige-finanzertraege-schwaechen-lebensversicherung-entwicklung-der-privatversicherungswirtschaft-in-oesterreich-2011","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/117034\/","title":{"rendered":"Low Financial Returns Undermine the Life Insurance Business. Trends in the Austrian Private Insurance Industry in 2011"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-117034","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"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 property-liability and accident insurance rose by a hefty 7.2 percent, they fell by a surprisingly strong 7.3 percent in the life insurance branch. Private health insurance showed the customary smooth development (+3.6 percent), such that the composition of premium revenues among the three major insurance branches shifted further towards the non-life insurance business. Austria thereby followed the general trend in Europe of receding demand for life insurance and slowly-expanding non-life insurance business. Accordingly, insurance intensity declined to a ratio of 5.5 percent of GDP in 2011, the lowest reading in more than a decade. Current projections assume this trend to continue in 2012.","onlinedate":"2012-10-25 12:00:00","lang":"German","publication_series":"","publication_date":"20121001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Lebensversicherungen Schaden- und Unfallversicherungen\"]","jelcodes":"[]","related_publications":"[]","pdf":441803,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/45582","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"85","monthly_report_pages":"787-795","monthly_report_pages_sort":"787","issue":"10","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"2012-10-25 12:00:00","types":[44312],"research_groups":[3500],"collaboration":"","persons":[3899],"persons_data":"[{\"personId\":3899,\"personName\":\"Thomas Url\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Low Financial Returns Undermine the Life Insurance Business. 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