{"id":123142,"date":"2024-01-23T08:22:56","date_gmt":"2024-01-23T07:22:56","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/123142\/"},"modified":"2024-11-07T05:22:59","modified_gmt":"2024-11-07T04:22:59","slug":"surge-in-single-premium-payments-secured-stable-revenues-for-private-insurance-business-in-2014","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/123142\/","title":{"rendered":"Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-123142","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Strongly increasing revenues from single premium payments allowed life insurance companies to return to growth. Non-life and accident insurance business, however, weakened considerably. Despite an increase in the number of contracts, premium intakes declined. In private health insurance, the industry expanded its risk pool while price increases were moderate even though the number of claims increased in line with additional hospital treatments. Preparations for the changeover to Solvency II, to be carried out at the start of 2016, still keep the industry busy, because the new supervisory regime also calls for adjustments in the organisational structure of insurance companies. The regulation in pillars 1 and 2 of Solvency II will raise the fixed cost component in the insurance industry and thereby increase returns to scale.","onlinedate":"2015-12-03 12:00:00","lang":"English","publication_series":"","publication_date":"20151201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Private Insurance\",\"Solvency II\",\"returns to scale\"]","jelcodes":"[]","related_publications":"[]","pdf":360595,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"20","monthly_report_pages":"282-291","monthly_report_pages_sort":"282","issue":"25","journal":"WIFO Bulletin","publisher":"","invisible":false,"external":false,"embargo_date":"2015-12-03 12:00:00","types":[50590],"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> (2015). <span>Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014<\\\/span>. <span><em>WIFO Bulletin<\\\/em><\\\/span>, <em>20<\\\/em>(25), 282-291. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/58537\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/58537<\\\/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>Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014<\\\/span><\\\/span>. <span>WIFO Bulletin<\\\/span>. 2015 Dec;20(25):282-291.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{0dfd1829c3f8470db3b08e29008ac362,<\\\/div><div>  title    = \\\"Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014\\\",<\\\/div><div>  abstract = \\\"Strongly increasing revenues from single premium payments allowed life insurance companies to return to growth. Non-life and accident insurance business, however, weakened considerably. Despite an increase in the number of contracts, premium intakes declined. In private health insurance, the industry expanded its risk pool while price increases were moderate even though the number of claims increased in line with additional hospital treatments. Preparations for the changeover to Solvency II, to be carried out at the start of 2016, still keep the industry busy, because the new supervisory regime also calls for adjustments in the organisational structure of insurance companies. The regulation in pillars 1 and 2 of Solvency II will raise the fixed cost component in the insurance industry and thereby increase returns to scale.\\\",<\\\/div><div>  keywords = \\\"Private Insurance, Solvency II, returns to scale, Private Insurance, Solvency II, returns to scale\\\",<\\\/div><div>  author   = \\\"Thomas Url\\\",<\\\/div><div>  note     = \\\"Private Insurance Business 2014\\\",<\\\/div><div>  year     = \\\"2015\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"20\\\",<\\\/div><div>  pages    = \\\"282--291\\\",<\\\/div><div>  journal  = \\\"WIFO Bulletin\\\",<\\\/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  - Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014<\\\/p><p>AU  - Url, Thomas<\\\/p><p>N1  - Private Insurance Business 2014<\\\/p><p>PY  - 2015\\\/12<\\\/p><p>Y1  - 2015\\\/12<\\\/p><p>N2  - Strongly increasing revenues from single premium payments allowed life insurance companies to return to growth. Non-life and accident insurance business, however, weakened considerably. Despite an increase in the number of contracts, premium intakes declined. In private health insurance, the industry expanded its risk pool while price increases were moderate even though the number of claims increased in line with additional hospital treatments. Preparations for the changeover to Solvency II, to be carried out at the start of 2016, still keep the industry busy, because the new supervisory regime also calls for adjustments in the organisational structure of insurance companies. The regulation in pillars 1 and 2 of Solvency II will raise the fixed cost component in the insurance industry and thereby increase returns to scale.<\\\/p><p>AB  - Strongly increasing revenues from single premium payments allowed life insurance companies to return to growth. Non-life and accident insurance business, however, weakened considerably. Despite an increase in the number of contracts, premium intakes declined. 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The regulation in pillars 1 and 2 of Solvency II will raise the fixed cost component in the insurance industry and thereby increase returns to scale.<\\\/p><p>KW  - Private Insurance<\\\/p><p>KW  - Solvency II<\\\/p><p>KW  - returns to scale<\\\/p><p>KW  - Private Insurance<\\\/p><p>KW  - Solvency II<\\\/p><p>KW  - returns to scale<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 20<\\\/p><p>SP  - 282<\\\/p><p>EP  - 291<\\\/p><p>JO  - WIFO Bulletin<\\\/p><p>JF  - WIFO Bulletin<\\\/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>Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014 - 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\/123142\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/123142\/\" \/>\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=\"2024-11-07T04:22:59+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\\\/123142\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/123142\\\/\",\"name\":\"Surge in Single Premium Payments Secured Stable Revenues for Private Insurance Business in 2014 - 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