Decreasing Insurance Business Cycle
There has been a strong fall in insurance business cycles in recent years.
Furthermore, it can be observed that non-life business is not increasing as strongly as life business.
On the other hand, growth fluctuations have been relatively small with growth rates varying between 1% and 5%.
Life insurance business by contrast achieved average growth rates of 6%, although the actual rates ranged from 0% to 13%.
This shows on the one hand the increasing significance of life insurance as an instrument for old age provisions and on the other hand indicates the sensitivity of life insurance to changes in the institutional and economic environment
There has been a strong fall in insurance business cycles in recent years.
Furthermore, it can be observed that non-life business is not increasing as strongly as life business.
On the other hand, growth fluctuations have been relatively small with growth rates varying between 1% and 5%.
Life insurance business by contrast achieved average growth rates of 6%, although the actual rates ranged from 0% to 13%.
This shows on the one hand the increasing significance of life insurance as an instrument for old age provisions and on the other hand indicates the sensitivity of life insurance to changes in the institutional and economic environment