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

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<dc:creator>Hanika, Moritz </dc:creator>
<dc:creator>American Risk and Insurance Association</dc:creator>
<dc:date>2025-11-17</dc:date>
<dc:description xml:lang="es">Sumario: The 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</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/189580.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Solvencia II</dc:subject>
<dc:subject xml:lang="es">Seguro de vida</dc:subject>
<dc:subject xml:lang="es">Gerencia de riesgos</dc:subject>
<dc:subject xml:lang="es">Riesgo asegurable</dc:subject>
<dc:subject xml:lang="es">Mercado de seguros</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Market discipline in life insurance : does public risk disclosure encourage less risky management actions?</dc:title>
<dc:relation xml:lang="es">En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 17/11/2025 Volumen 92 Número 4 - noviembre 2025 , p. 909 - 949</dc:relation>
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