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An empirical investigation of determinants of life insurers' performance : Evidence from selected countries in Central, Eastern, and Southeastern Europe (CESEE)

Recurso electrónico / Electronic resource
MARC record
Tag12Value
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001  MAP20210033438
003  MAP
005  20211122122437.0
008  211122e20210920esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎341
1001 ‎$0‎MAPA20210006807‎$a‎Srbinoski, Bojan
24510‎$a‎An empirical investigation of determinants of life insurers' performance‎$b‎: Evidence from selected countries in Central, Eastern, and Southeastern Europe (CESEE)‎$c‎Bojan Srbinoski, Klime Poposki, Gorazd Cibej
520  ‎$a‎Central, Eastern, and Southeastern Europe's life insurance market has received limited attention in the literature due to a lack of available data and lower level of maturity. However, part of the region is characterized by extraordinary growth rates, moderate to high concentration, a heavy presence of foreign affiliates, recent regulatory compliance, and low insurance culture. This study analyzes the firm-specific, industry and macroeconomic determinants of life insurers' performance in selected CESEE countries. We employ a dynamic panel GMM two-step system estimator and uncover the most important drivers of life insurers' profitability in the region. We find that size, leverage, liquidity, reinsurance, market share, and business growth matter for total profitability, while expense management drive underwriting profitability. The study expands the current literature on insurers' performance by examining a neglected region and discusses location-specific characteristics for foreign presence in the region.
650 4‎$0‎MAPA20080570590‎$a‎Seguro de vida
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
651 1‎$0‎MAPA20100004692‎$a‎Europa Central
651 1‎$0‎MAPA20100046142‎$a‎Europa Oriental
7001 ‎$0‎MAPA20210036194‎$a‎Poposki, Klime
7001 ‎$0‎MAPA20210036200‎$a‎Cibej, Gorazd
7730 ‎$w‎MAP20077001748‎$g‎20/09/2021 Tomo 24 Número 3 - 2021 , p. 293-310‎$x‎1098-1616‎$t‎Risk management & insurance review‎$d‎Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-