JOURNAL ARTICLE
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Versicherungswirtschaft: Herausforderung Niedrigzinsumfeld
Credit and Capital Markets – Kredit und Kapital, Vol. 50 (2017), Iss. 2 : pp. 237–260
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Dr. Rolf Ketzler, Gesamtverband der Deutschen Versicherungswirtschaft, Wilhelmstraße 43 / 43G, 10117 Berlin
Dr. Klaus Wiener, Gesamtverband der Deutschen Versicherungswirtschaft, Wilhelmstraße 43 / 43G, 10117 Berlin
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.
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Rolf Ketzler / Klaus Wiener: Versicherungswirtschaft: Herausforderung Niedrigzinsumfeld | 1 |