{"id":118226,"date":"2024-01-22T20:57:23","date_gmt":"2024-01-22T19:57:23","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/118226\/"},"modified":"2024-11-07T04:54:02","modified_gmt":"2024-11-07T03:54:02","slug":"lebensversicherung-leidet-weiterhin-unter-niedrigem-zinsniveau-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/118226\/","title":{"rendered":"Life Insurance Business Continues to Suffer from Low Interest Rates"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-118226","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The western European private insurance market continued to suffer during 2012 from the repercussions of the financial market and sovereign debt crisis. The life insurance branch saw premium volumes decline, while non-life insurance business contracted in the EU periphery countries. Even in countries less affected by the sovereign debt crisis, higher premium revenues were mainly driven by price increases. The Austrian market exhibited by and large the same pattern. Life insurers lost 6.5 percent in premium revenues from the previous year, against an increase of 2.1 percent in the property and accident insurance. With a 3.4 percent plus in premium receipts, private health insurance was the only branch to stay resilient and even raised the number of insured risks by 1.5 percent. Premium revenues overall edged down by 0.9 percent year-on-year, further lowering insurance penetration to 5.3 percent of GDP. Premium revenues in 2013 are expected to stagnate (+0.2 percent). In 2012 Austria's internationally operating insurance companies were able to compensate losses on the domestic market by further expanding in central, eastern and south-eastern Europe.","onlinedate":"2013-09-20 12:00:00","lang":"German","publication_series":"","publication_date":"20130901","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Privatversicherung Versicherungswirtschaft Lebensversicherung Schaden-Unfallversicherung Private Krankenversicherung\"]","jelcodes":"[]","related_publications":"[]","pdf":349664,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"86","monthly_report_pages":"769-779","monthly_report_pages_sort":"769","issue":"9","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"2013-09-20 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":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Url, T.<\\\/span> (2013). <span>Lebensversicherung leidet weiterhin unter niedrigem Zinsniveau<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>86<\\\/em>(9), 769-779. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46947\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46947<\\\/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>Lebensversicherung leidet weiterhin unter niedrigem Zinsniveau<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2013 Sept;86(9):769-779.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{d0bfb1e4c07c401eae6a95a4edd2976f,<\\\/div><div>  title    = \\\"Lebensversicherung leidet weiterhin unter niedrigem Zinsniveau\\\",<\\\/div><div>  abstract = \\\"Der {\\\\\\\"o}sterreichische Versicherungsmarkt schrumpfte 2012, vor allem aufgrund des R{\\\\\\\"u}ckganges der Einmalerl{\\\\\\\"a}ge in der Lebensversicherung. In der privaten Krankenversicherung und der Schaden-Unfallversicherung wurden die versicherten Risiken hingegen ausgeweitet. In beiden Bereichen bestimmten 2012 Preissteigerungen die Entwicklung st{\\\\\\\"a}rker als die leicht positiven Mengeneffekte. Das anhaltende niedrige Zinsniveau stellt die Veranlagungspolitik der Versicherungswirtschaft vor gro{\\\\ss}e Herausforderungen. Im Jahr 2012 erm{\\\\\\\"o}glichte der niedrige Abschreibungsbedarf eine Steigerung der Veranlagungsrendite.\\\",<\\\/div><div>  keywords = \\\"Privatversicherung Versicherungswirtschaft Lebensversicherung Schaden-Unfallversicherung Private Krankenversicherung, Privatversicherung Versicherungswirtschaft Lebensversicherung Schaden-Unfallversicherung Private Krankenversicherung\\\",<\\\/div><div>  author   = \\\"Thomas Url\\\",<\\\/div><div>  note     = \\\"Privatversicherungswirtschaft 2012\\\",<\\\/div><div>  year     = \\\"2013\\\",<\\\/div><div>  month    = sep,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"86\\\",<\\\/div><div>  pages    = \\\"769--779\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/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  - Lebensversicherung leidet weiterhin unter niedrigem Zinsniveau<\\\/p><p>AU  - Url, Thomas<\\\/p><p>N1  - Privatversicherungswirtschaft 2012<\\\/p><p>PY  - 2013\\\/9<\\\/p><p>Y1  - 2013\\\/9<\\\/p><p>N2  - Der \u00f6sterreichische Versicherungsmarkt schrumpfte 2012, vor allem aufgrund des R\u00fcckganges der Einmalerl\u00e4ge in der Lebensversicherung. In der privaten Krankenversicherung und der Schaden-Unfallversicherung wurden die versicherten Risiken hingegen ausgeweitet. In beiden Bereichen bestimmten 2012 Preissteigerungen die Entwicklung st\u00e4rker als die leicht positiven Mengeneffekte. Das anhaltende niedrige Zinsniveau stellt die Veranlagungspolitik der Versicherungswirtschaft vor gro\u00dfe Herausforderungen. Im Jahr 2012 erm\u00f6glichte der niedrige Abschreibungsbedarf eine Steigerung der Veranlagungsrendite.<\\\/p><p>AB  - Der \u00f6sterreichische Versicherungsmarkt schrumpfte 2012, vor allem aufgrund des R\u00fcckganges der Einmalerl\u00e4ge in der Lebensversicherung. In der privaten Krankenversicherung und der Schaden-Unfallversicherung wurden die versicherten Risiken hingegen ausgeweitet. In beiden Bereichen bestimmten 2012 Preissteigerungen die Entwicklung st\u00e4rker als die leicht positiven Mengeneffekte. Das anhaltende niedrige Zinsniveau stellt die Veranlagungspolitik der Versicherungswirtschaft vor gro\u00dfe Herausforderungen. Im Jahr 2012 erm\u00f6glichte der niedrige Abschreibungsbedarf eine Steigerung der Veranlagungsrendite.<\\\/p><p>KW  - Privatversicherung Versicherungswirtschaft Lebensversicherung Schaden-Unfallversicherung Private Krankenversicherung<\\\/p><p>KW  - Privatversicherung Versicherungswirtschaft Lebensversicherung Schaden-Unfallversicherung Private Krankenversicherung<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 86<\\\/p><p>SP  - 769<\\\/p><p>EP  - 779<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/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 v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Life Insurance Business Continues to Suffer from Low Interest Rates - 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\/118226\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Insurance Business Continues to Suffer from Low Interest Rates\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/118226\/\" \/>\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=\"2024-11-07T03:54:02+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\\\/118226\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/118226\\\/\",\"name\":\"Life Insurance Business Continues to Suffer from Low Interest Rates - WIFO\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#website\"},\"datePublished\":\"2024-01-22T19:57:23+00:00\",\"dateModified\":\"2024-11-07T03:54:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/118226\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/118226\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/118226\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Life Insurance Business Continues to Suffer from Low Interest Rates\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\",\"name\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#organization\"},\"alternateName\":\"WIFO\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#organization\",\"name\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"alternateName\":\"WIFO\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/WIFO_kurz_rechts-2-1920x412.jpg\",\"contentUrl\":\"https:\\\/\\\/www.wifo.ac.at\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/WIFO_kurz_rechts-2-1920x412.jpg\",\"width\":2000,\"height\":429,\"caption\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\"},\"image\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/WIFOat\\\/\",\"https:\\\/\\\/x.com\\\/WIFOat\",\"https:\\\/\\\/linkedin.com\\\/company\\\/wifoat\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@WIFO_at\"],\"description\":\"Das WIFO, 1927 von Friedrich August von Hayek und Ludwig von Mises zur Konjunkturanalyse gegr\u00fcndet, ist heute das f\u00fchrende Institut f\u00fcr angewandte empirische Wirtschaftsforschung in \u00d6sterreich mit starkem Engagement auf europ\u00e4ischer Ebene.\",\"email\":\"office@wifo.ac.at\",\"telephone\":\"+43 1 798 26 01 \u2013 0\",\"legalName\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"foundingDate\":\"1927-01-02\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"},\"publishingPrinciples\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/mission-und-strategie\\\/\",\"ownershipFundingInfo\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/organisation\\\/\",\"actionableFeedbackPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/aktuelles\\\/presse\\\/\",\"correctionsPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/kontakt\\\/\",\"ethicsPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/evidenzbasierung-transparenz-und-unabhaengigkeit\\\/\",\"diversityPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/gleichstellung\\\/\",\"diversityStaffingReport\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/gleichstellung\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Life Insurance Business Continues to Suffer from Low Interest Rates - WIFO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wifo.ac.at\/en\/publication\/118226\/","og_locale":"en_US","og_type":"article","og_title":"Life Insurance Business Continues to Suffer from Low Interest Rates","og_url":"https:\/\/www.wifo.ac.at\/en\/publication\/118226\/","og_site_name":"WIFO","article_publisher":"https:\/\/www.facebook.com\/WIFOat\/","article_modified_time":"2024-11-07T03:54:02+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@WIFOat","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.wifo.ac.at\/en\/publication\/118226\/","url":"https:\/\/www.wifo.ac.at\/en\/publication\/118226\/","name":"Life Insurance Business Continues to Suffer from Low Interest Rates - WIFO","isPartOf":{"@id":"https:\/\/www.wifo.ac.at\/en\/#website"},"datePublished":"2024-01-22T19:57:23+00:00","dateModified":"2024-11-07T03:54:02+00:00","breadcrumb":{"@id":"https:\/\/www.wifo.ac.at\/en\/publication\/118226\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wifo.ac.at\/en\/publication\/118226\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.wifo.ac.at\/en\/publication\/118226\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.wifo.ac.at\/en\/"},{"@type":"ListItem","position":2,"name":"Life Insurance Business Continues to Suffer from Low Interest Rates"}]},{"@type":"WebSite","@id":"https:\/\/www.wifo.ac.at\/en\/#website","url":"https:\/\/www.wifo.ac.at\/en\/","name":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","description":"","publisher":{"@id":"https:\/\/www.wifo.ac.at\/en\/#organization"},"alternateName":"WIFO","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wifo.ac.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wifo.ac.at\/en\/#organization","name":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","alternateName":"WIFO","url":"https:\/\/www.wifo.ac.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wifo.ac.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO_kurz_rechts-2-1920x412.jpg","contentUrl":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO_kurz_rechts-2-1920x412.jpg","width":2000,"height":429,"caption":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung"},"image":{"@id":"https:\/\/www.wifo.ac.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WIFOat\/","https:\/\/x.com\/WIFOat","https:\/\/linkedin.com\/company\/wifoat\/","https:\/\/www.youtube.com\/@WIFO_at"],"description":"Das WIFO, 1927 von Friedrich August von Hayek und Ludwig von Mises zur Konjunkturanalyse gegr\u00fcndet, ist heute das f\u00fchrende Institut f\u00fcr angewandte empirische Wirtschaftsforschung in \u00d6sterreich mit starkem Engagement auf europ\u00e4ischer Ebene.","email":"office@wifo.ac.at","telephone":"+43 1 798 26 01 \u2013 0","legalName":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","foundingDate":"1927-01-02","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"},"publishingPrinciples":"https:\/\/www.wifo.ac.at\/institut\/mission-und-strategie\/","ownershipFundingInfo":"https:\/\/www.wifo.ac.at\/institut\/organisation\/","actionableFeedbackPolicy":"https:\/\/www.wifo.ac.at\/aktuelles\/presse\/","correctionsPolicy":"https:\/\/www.wifo.ac.at\/institut\/kontakt\/","ethicsPolicy":"https:\/\/www.wifo.ac.at\/institut\/evidenzbasierung-transparenz-und-unabhaengigkeit\/","diversityPolicy":"https:\/\/www.wifo.ac.at\/institut\/gleichstellung\/","diversityStaffingReport":"https:\/\/www.wifo.ac.at\/institut\/gleichstellung\/"}]}},"_links":{"self":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/118226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/types\/publication"}],"version-history":[{"count":1,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/118226\/revisions"}],"predecessor-version":[{"id":349645,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/118226\/revisions\/349645"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/person\/3899"},{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/research_group\/3500"},{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication_type\/44312"}],"wp:attachment":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/media?parent=118226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}