Disruption of Life Insurance Profitability in the Aftermath of the COVID-19 Pandemic

Maria Carannante; Valeria D'Amato; Paola Fersini; Salvatore Forte; Giuseppe Melisi

doi:10.3390/risks10020040

Disruption of Life Insurance Profitability in the Aftermath of the COVID-19 Pandemic

Maria Carannante^*, Valeria D'Amato, Paola Fersini, Salvatore Forte, Giuseppe Melisi

^*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivista › Articolo

Abstract

Life insurance profitability depends on reliable mortality risk projections and pricing. While the COVID-19 pandemic has caused disruptions around the world, this is a temporary mortality shock likely to dissipate. In this paper, we investigate the long-run impact of COVID-19 on life insurance profitability. Due to the long-run dynamics of the mortality characterised by a decreasing effect of the COVID-19 mortality acceleration, we suggest proactive mortality risk management by implementing prompt premium adjustments, in order to increase the resilience of the business.

Lingua originale	Inglese
pagine (da-a)	N/A-N/A
Rivista	Risks
Volume	10
Numero di pubblicazione	2
DOI	https://doi.org/10.3390/risks10020040
Stato di pubblicazione	Pubblicato - 2022

All Science Journal Classification (ASJC) codes

Contabilità
Economia, Econometria e Finanza (varie)
Strategia e Management

Keywords

SCR
profitability
annuity
mortality projections

Accesso al documento

10.3390/risks10020040

Altri file e collegamenti

Cita questo

@article{e31b69b2337440e7b6984b3bac229888,

title = "Disruption of Life Insurance Profitability in the Aftermath of the COVID-19 Pandemic",

abstract = "Life insurance profitability depends on reliable mortality risk projections and pricing. While the COVID-19 pandemic has caused disruptions around the world, this is a temporary mortality shock likely to dissipate. In this paper, we investigate the long-run impact of COVID-19 on life insurance profitability. Due to the long-run dynamics of the mortality characterised by a decreasing effect of the COVID-19 mortality acceleration, we suggest proactive mortality risk management by implementing prompt premium adjustments, in order to increase the resilience of the business.",

keywords = "SCR, profitability, annuity, mortality projections, SCR, profitability, annuity, mortality projections",

author = "Maria Carannante and Valeria D'Amato and Paola Fersini and Salvatore Forte and Giuseppe Melisi",

year = "2022",

doi = "10.3390/risks10020040",

language = "English",

volume = "10",

pages = "N/A--N/A",

journal = "Risks",

issn = "2227-9091",

publisher = "Multidisciplinary Digital Publishing Institute (MDPI)",

number = "2",

}

TY - JOUR

T1 - Disruption of Life Insurance Profitability in the Aftermath of the COVID-19 Pandemic

AU - Carannante, Maria

AU - D'Amato, Valeria

AU - Fersini, Paola

AU - Forte, Salvatore

AU - Melisi, Giuseppe

PY - 2022

Y1 - 2022

N2 - Life insurance profitability depends on reliable mortality risk projections and pricing. While the COVID-19 pandemic has caused disruptions around the world, this is a temporary mortality shock likely to dissipate. In this paper, we investigate the long-run impact of COVID-19 on life insurance profitability. Due to the long-run dynamics of the mortality characterised by a decreasing effect of the COVID-19 mortality acceleration, we suggest proactive mortality risk management by implementing prompt premium adjustments, in order to increase the resilience of the business.

AB - Life insurance profitability depends on reliable mortality risk projections and pricing. While the COVID-19 pandemic has caused disruptions around the world, this is a temporary mortality shock likely to dissipate. In this paper, we investigate the long-run impact of COVID-19 on life insurance profitability. Due to the long-run dynamics of the mortality characterised by a decreasing effect of the COVID-19 mortality acceleration, we suggest proactive mortality risk management by implementing prompt premium adjustments, in order to increase the resilience of the business.

KW - SCR

KW - profitability

KW - annuity

KW - mortality projections

KW - SCR

KW - profitability

KW - annuity

KW - mortality projections

UR - https://publicatt.unicatt.it/handle/10807/230588.4

UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=85124829795&origin=inward

UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85124829795&origin=inward

U2 - 10.3390/risks10020040

DO - 10.3390/risks10020040

M3 - Article

SN - 2227-9091

VL - 10

SP - N/A-N/A

JO - Risks

JF - Risks

IS - 2

ER -

Disruption of Life Insurance Profitability in the Aftermath of the COVID-19 Pandemic

Abstract

All Science Journal Classification (ASJC) codes

Keywords

Accesso al documento

Altri file e collegamenti

Fingerprint

Cita questo