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Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank >

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http://hdl.handle.net/10419/44600
  

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dc.contributor.authorKablau, Ankeen_US
dc.contributor.authorWedow, Michaelen_US
dc.date.accessioned2011-02-23en_US
dc.date.accessioned2011-04-06T10:54:03Z-
dc.date.available2011-04-06T10:54:03Z-
dc.date.issued2011en_US
dc.identifier.isbn978-3-86558-681-0en_US
dc.identifier.urihttp://hdl.handle.net/10419/44600-
dc.description.abstractA low interest rate environment can pose a key risk to the life insurance sector. A deteriorating return on investment holdings jeopardizes the guaranteed return on life insurance contracts. In this paper, we examine the effect of low interest rates on German life insurers by applying various adverse scenarios to a simple model of life insurers' balance sheets. A low return on investment can lead to a depletion of the bonus and rebate provisions. As a result, life insurers resilience may deteriorate. By way of this analysis, we can model approximately when the bonus and rebate provisions will be depleted.en_US
dc.language.isoengen_US
dc.publisherDeutsche Bundesbank Frankfurt am Mainen_US
dc.relation.ispartofseriesDiscussion Paper Series 2: Banking and Financial Studies 2011,02en_US
dc.subject.jelG14en_US
dc.subject.jelG21en_US
dc.subject.jelG28en_US
dc.subject.ddc330en_US
dc.subject.keywordLife insuranceen_US
dc.subject.keywordlow-interest rate environmenten_US
dc.subject.keywordfinancial stabilityen_US
dc.titleGauging the impact of a low-interest rate environment on German life insurersen_US
dc.typeWorking Paperen_US
dc.identifier.ppn647226995en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:bubdp2:201102-
Appears in Collections:Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank

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