RT Journal Article
T1 Economic crisis and determinants of solvency in the insurance sector: new evidence from Spain
A1 Moreno, Ignacio
A1 Parrado-Martínez, Purificación
A1 Trujillo-Ponce, Antonio
K1 Insurance
K1 Solvency
K1 Capitalization
K1 Economic crisis
K1 European financial system
AB This paper analyzes the factors that determine the solvency of the insurance companies operating in Spain. The selected time span, from 2008 to 2015, encompasses a period of economic instability characterized by record low interest rates and low or even negative economic growth. Using a dynamic panel data model, we conclude that actual solvency margins are positively related to profitability, underwriting risk, and a mutual-type organization but inversely related to size, reinsurance use, longer-tailed business, and life insurance specialization. We also find that less concentrated markets and the context of an economic crisis decrease solvency margins.
PB Wiley
YR 2020
FD 2020
LK https://hdl.handle.net/10433/22256
UL https://hdl.handle.net/10433/22256
LA en
NO Accounting and Finance, 60 (3), pp. 2965-2994
NO Departamento de Economía Financiera y Contabilidad. Universidad Pablo de Olavide.
DS RIO
RD May 30, 2026