{"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":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Url, T.<\\\/span> (2012). <span>Low Financial Returns Undermine the Life Insurance Business<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>17<\\\/em>(4), 256-264. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46079\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46079<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Url T<\\\/span>. <span class=\\\"title\\\"><span>Low Financial Returns Undermine the Life Insurance Business<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2012 Dec;17(4):256-264.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{9baa0e1d374e4a7daf5e9527cb74971b,<\\\/div><div>  title    = \\\"Low Financial Returns Undermine the Life Insurance Business\\\",<\\\/div><div>  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.\\\",<\\\/div><div>  keywords = \\\"Life insurance Non-life insurance, Life insurance Non-life insurance\\\",<\\\/div><div>  author   = \\\"Thomas Url\\\",<\\\/div><div>  note     = \\\"Private Insurance Business 2011\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"17\\\",<\\\/div><div>  pages    = \\\"256--264\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Low Financial Returns Undermine the Life Insurance Business<\\\/p><p>AU  - Url, Thomas<\\\/p><p>N1  - Private Insurance Business 2011<\\\/p><p>PY  - 2012\\\/12<\\\/p><p>Y1  - 2012\\\/12<\\\/p><p>N2  - 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.<\\\/p><p>AB  - 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.<\\\/p><p>KW  - Life insurance Non-life insurance<\\\/p><p>KW  - Life insurance Non-life insurance<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 17<\\\/p><p>SP  - 256<\\\/p><p>EP  - 264<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Low Financial Returns Undermine the Life Insurance Business - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/117168\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Low Financial Returns Undermine the Life Insurance Business\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/117168\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-14T12:10:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/117168\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/117168\\\/\",\"name\":\"Low Financial Returns Undermine the Life Insurance Business - 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