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

<?xml version="1.0" encoding="UTF-8" standalone="no"?>
<rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<rdf:Description>
<dc:creator>Srbinoski, Bojan </dc:creator>
<dc:creator>Poposki, Klime</dc:creator>
<dc:creator>Cibej, Gorazd</dc:creator>
<dc:date>2021-09-20</dc:date>
<dc:description xml:lang="es">Sumario: Central, 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.

</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/177809.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Seguro de vida</dc:subject>
<dc:subject xml:lang="es">Mercado de seguros</dc:subject>
<dc:subject xml:lang="es">Europa Central</dc:subject>
<dc:subject xml:lang="es">Europa Oriental</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">An empirical investigation of determinants of life insurers' performance : Evidence from selected countries in Central, Eastern, and Southeastern Europe (CESEE)</dc:title>
<dc:relation xml:lang="es">En: Risk management & insurance review. - Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999- = ISSN 1098-1616. - 20/09/2021 Tomo 24 Número 3 - 2021 , p. 293-310</dc:relation>
<dc:coverage xml:lang="es">Europa Central</dc:coverage>
<dc:coverage xml:lang="es">Europa Oriental</dc:coverage>
</rdf:Description>
</rdf:RDF>