JUNE 16, 2022 (NewsRx) — By a News Reporter – Staff News Editor at Daily Insurance News — Findings from insurance research are discussed in a new report. According to reports from Malaga, Spain, by NewsRx reporters, the research said, “This paper combines benchmarking techniques and econometric analysis to provide the profile of non-life insurers that simultaneously optimize strategic growth, profitability and risk objectives. Econometric analyzes provide relevant relationships between variables.
Funders of this research include the Spanish government, Spanish Ministry of ScienceTechnology and Universities, Junta de Andalucia, EU ERDF operational program, University of Málaga (Spain), CALU.
News correspondents got a quote from the research of the University of Málaga“The non-life insurers of 33 Organisation for Economic Co-operation and Development countries over a six-year period are analysed. A cluster analysis makes it possible to form groups of countries according to the penetration rate of non-life insurance. Several scenarios, characterized by the maturity of the market and the crisis/non-crisis situation, are studied. The results indicate that the highest level of profitability (growth) is related to scenarios with a medium (low) maturity level and periods of expansion. They also show that the lowest level of risk representative of good performance is associated with scenarios where the markets have a high level of maturity and times of crisis. We find that higher recommendable size is associated with more mature markets. The results also indicate that the use of reinsurance is linked to a period of crisis.
According to the reporters, the study concluded, “We further find that the recommended level of capitalization differs significantly across scenarios.”
This research has been peer reviewed.
For more information on this research, see: Multi-Objective Benchmarking Techniques for Optimizing Profitability, Growth and Risk in the Non-Life Insurance Sector: A Cross-Country Analysis. International transactions in Operational research2022. International transactions in Operational research can be contacted at: Wiley, 111 river street, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell – http://www.wiley.com/; International transactions in Operational research – http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1475-3995)
Our journalists inform that additional information can be obtained by contacting Francois Ruiz, University of Málaga, Appl Econ Math Dept, Malaga, Spain. Other authors of this research include Ana Isabel Gonzalez-Fernandez and Maria Rubio-Misas.
The Direct Object Identifier (DOI) for this additional information is: https://doi.org/10.1111/itor.13155. This DOI is a link to a free or paid online electronic document, and can be your direct source for a journal article and its citation.
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