Year: 2017
Author: Ketzler, Rolf, Wiener, Klaus
Credit and Capital Markets – Kredit und Kapital, Vol. 50 (2017), Iss. 2 : pp. 237–260
Abstract
Insurance Industry: Low Yield Challenge
The ultra-loose monetary policy stance of the ECB is the key determinant for the extreme low-yield environment in the euro area – and in Germany in particular. Yields even below the zero line pose a severe challenge for the German insurance industry. German life insurers have taken several measures to adapt their business model to the new yield environment („low for long"). That said, the harmful side effects of the ultra-loose monetary policy stance have become increasingly visible over the last months. From the insurance industry"s perspective the sharply reduced savings propensity of private households and the rising threat to financial stability are key concerns. Due to the fact that deflation risks have „largely disappeared" (quote ECB), it is vital now to normalize the monetary policy stance in gradual but fairly quick fashion.
Journal Article Details
Publisher Name: Global Science Press
Language: German
DOI: https://doi.org/10.3790/ccm.50.2.237
Credit and Capital Markets – Kredit und Kapital, Vol. 50 (2017), Iss. 2 : pp. 237–260
Published online: 2017-06
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 24
Keywords: E43 E52 G22 Low interest rate environment European Central Bank monetary policy life-insurance
Author Details
| Section Title | Page | Action | Price |
|---|---|---|---|
| Rolf Ketzler / Klaus Wiener: Versicherungswirtschaft: Herausforderung Niedrigzinsumfeld | 1 |