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Private Insurance Business Proving Resilient in a Turbulent Environment


  • Thomas Url



Premium revenues of the Austrian private insurance companies recently followed the business cycle profile only to a limited extent. Having stagnated in the recession year 2009, premium revenues rebounded in 2010 at a rate below nominal GDP growth. For 2011, the industry expects a slight deceleration of revenue growth, whereas latest surveys conducted by WIFO suggest an even weaker dynamic. Together with higher returns on investment, earnings from the technical accounts improved and operating results were raised markedly.

Suggested Citation

  • Thomas Url, 2011. "Private Insurance Business Proving Resilient in a Turbulent Environment," Austrian Economic Quarterly, WIFO, vol. 16(4), pages 234-243, December.
  • Handle: RePEc:wfo:wquart:y:2011:i:4:p:234-243

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    References listed on IDEAS

    1. repec:hrv:faseco:33077889 is not listed on IDEAS
    2. Andrei Shleifer, 1998. "State versus Private Ownership," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 133-150, Fall.
    3. Oliver Hart & Andrei Shleifer & Robert W. Vishny, 1997. "The Proper Scope of Government: Theory and an Application to Prisons," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1127-1161.
    4. Megginson, William Leon, 2005. "The Financial Economics of Privatization," OUP Catalogue, Oxford University Press, number 9780195150629, June.
    5. Lars Jonung & Jaakko Kiander & Pentti Vartia, 2008. "The great financial crisis in Finland and Sweden - The dynamics of boom, bust and recovery, 1985-2000," European Economy - Economic Papers 2008 - 2015 350, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Kay, J A & Thompson, D J, 1986. "Privatisation: A Policy in Search of a Rationale," Economic Journal, Royal Economic Society, vol. 96(381), pages 18-32, March.
    7. Patrick W. Schmitz, 2000. "Partial Privatization and Incomplete Contracts: The Proper Scope of Government Reconsidered," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 57(4), pages 394-411, August.
    8. repec:hrv:faseco:30727607 is not listed on IDEAS
    9. Andrei Shleifer & Robert W. Vishny, 1994. "Politicians and Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 995-1025.
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