Response of Mexican life and non-life insurers to the low interest rate environment

Reyna, Ana M.; Fuentes, Hugo J.; Núñez, José Antonio Sánchez

doi:10.1057/s41288-021-00208-8

Geneva Pap Risk Insur Issues Pract

2021

DOI: 10.1057/s41288-021-00208-8

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Response of Mexican life and non-life insurers to the low interest rate environment

Ana M. Reyna

Hugo J. Fuentes

José Antonio Sánchez Núñez

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Cited by 4 publications

(1 citation statement)

References 40 publications

(59 reference statements)

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“…For recent applications of the two-stage approach of DEA in the insurance industry, see, for instance, Al-Amri et al (2021),Reyna et al (2021) or Rubio-Misas (2022).…”

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confidence: 99%

Integration and convergence in efficiency and technology gap of European life insurance markets

Cummins

Rubio‐Misas

2022

Ann Oper Res

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This paper applies the meta-frontier Data Envelopment Analysis and the main concepts of convergence from the economic growth literature (β-convergence and σ-convergence) to analyze integration and convergence both in efficiency and in technology gap of European Union (EU) insurance markets. We evaluate 10 EU life insurance markets over the 17-year-period 1998–2014. Results show convergence in cost/revenue efficiency among major EU life insurance markets during the sample period. These findings indicate that the least efficient countries in 1998 have shown a higher improvement in cost/revenue efficiency than the most efficient countries in the same year as well as that the dispersion of the mean efficiency scores among EU life insurance markets decreased over the sample period. We also find convergence in cost/revenue technology gap among these markets, suggesting that they become more technologically homogeneous during the sample period. However, results show that the global financial crisis has led to a slowdown in the progress of integration and convergence in efficiency and technology gap of EU life insurance markets in terms of cost efficiency but not in terms of revenue efficiency.

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“…For recent applications of the two-stage approach of DEA in the insurance industry, see, for instance, Al-Amri et al (2021),Reyna et al (2021) or Rubio-Misas (2022).…”

mentioning

confidence: 99%

Integration and convergence in efficiency and technology gap of European life insurance markets

Cummins

Rubio‐Misas

2022

Ann Oper Res

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The evolution and determinants of Chinese property insurance companies’ profitability: A DEA-based perspective

Zhao

Pei

Pan

2021

Journal of Management Science and Engineering

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Quantitative Market Risk Assessment for Insurance Companies

Aldukhova

2022

jour

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The business strategy, the underwriting policy, the investment strategy of insurance companies and some external factors influence their ability to meet liabilities. The risk management mechanism, based on regulatory requirements and the best expertise, should allow to identify and assess all significant risks, including the market risk. The purpose of this research is comparing the European and Russian regulatory requirements for capital calculation for market risks of insurance companies. The methodological base is the comparison analysis of different capital calculation approaches for interest rate, FX, real estate and equity risks in accordance with Solvency II for the European insurers or Regulation 710-P for the Russian insurers. As a result, the author has found the compatibility of regulations to vary depending on the type of the risk in question. Regulations diverge the least when it comes to FX and real estate risks, yet the most in regards to interest rate and equity risks since the Central Bank of Russia has accounted for some national market peculiarities. Overall, the research results have a practical value and could be used by the Russian insurers in transition to the riskoriented regulation.

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Response of Mexican life and non-life insurers to the low interest rate environment

Cited by 4 publications

References 40 publications

Integration and convergence in efficiency and technology gap of European life insurance markets

Integration and convergence in efficiency and technology gap of European life insurance markets

The evolution and determinants of Chinese property insurance companies’ profitability: A DEA-based perspective

Quantitative Market Risk Assessment for Insurance Companies

Contact Info

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