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Market discipline in life insurance : does public risk disclosure encourage less risky management actions?

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008  260210e20251117usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎341
1001 ‎$0‎MAPA20240021016‎$a‎Hanika, Moritz
24510‎$a‎Market discipline in life insurance‎$b‎: does public risk disclosure encourage less risky management actions?‎$c‎Moritz Hanika
520  ‎$a‎The study analyzes whether public risk disclosure under Solvency II reduces risk-taking by life insurers. Using data from 58 German insurers (20162023), it finds that changes in solvency ratios affect premium growth, surrender rates, and management decisions. Lower solvency leads insurers to adopt more conservative strategies to avoid negative customer reactions. A dynamic model shows that transparency can promote safer management, though its effectiveness depends on disclosure design and market conditions
650 4‎$0‎MAPA20080564254‎$a‎Solvencia II
650 4‎$0‎MAPA20080570590‎$a‎Seguro de vida
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 4‎$0‎MAPA20190013888‎$a‎Riesgo asegurable
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
7102 ‎$0‎MAPA20080465346‎$a‎American Risk and Insurance Association
7730 ‎$w‎MAP20077000727‎$g‎17/11/2025 Volumen 92 Número 4 - noviembre 2025 , p. 909 - 949‎$x‎0022-4367‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-