{"id":117168,"date":"2024-01-22T20:22:08","date_gmt":"2024-01-22T19:22:08","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/117168\/"},"modified":"2024-11-14T13:10:41","modified_gmt":"2024-11-14T12:10:41","slug":"low-financial-returns-undermine-the-life-insurance-business","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/117168\/","title":{"rendered":"Low Financial Returns Undermine the Life Insurance Business"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-117168","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 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.","onlinedate":"2013-01-08 01:00:00","lang":"English","publication_series":"","publication_date":"20121201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Life insurance Non-life insurance\"]","jelcodes":"[]","related_publications":"[]","pdf":414776,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"17","monthly_report_pages":"256-264","monthly_report_pages_sort":"256","issue":"4","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"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) - 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