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Niklas Döbbeling
- 9 November 2020
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 7, 2020Details
- Abstract
- Newly released data on the written premiums, incurred claims and acquisition expenses of insurance corporations help monitor the euro area insurance sector, which is growing in total assets and becoming increasingly important for financing the economy. The data reveal a significant growth in premiums and claims over the past two years, with considerable differences across insurance sectors. Incurred claims remain below premiums written and are growing at a slower pace. The data can also be used to assess the share of premiums used to attract new business and to monitor cross-border business activities via branches in the insurance sector.
- JEL Code
- E01 : Macroeconomics and Monetary Economics→General→Measurement and Data on National Income and Product Accounts and Wealth, Environmental Accounts
G22 : Financial Economics→Financial Institutions and Services→Insurance, Insurance Companies, Actuarial Studies
G52 : Financial Economics