THE EFFECTS OF INDIVIDUAL AND ECONOMIC RISKS AND STRESS TESTING OF NON-LIFE SECTOR PROFITABILITY: THE CASE OF THE NORTHMACEDONIAN INSURANCE SECTOR

Kjosevski, Jordan and Petkovski, Mihail and Simeonovski, Kiril (2022) THE EFFECTS OF INDIVIDUAL AND ECONOMIC RISKS AND STRESS TESTING OF NON-LIFE SECTOR PROFITABILITY: THE CASE OF THE NORTHMACEDONIAN INSURANCE SECTOR. Romanian Journal of Economic Forecasting, 25 (2). pp. 125-144.

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Abstract

The aim of this paper is twofold. First, we explore the effects of individual and economic risks
on profitability using five methods for a panel of 11 NorthMacedonian non-life insurance
companies from 2009:Q1 to 2018:Q4. The results indicate that liquidated damages in gross
written premiums, market concentration and GDP growth significantly affect the profitability
of the NorthMacedonian insurance sector. Second, we conduct stress testing for the whole
NorthMacedonian non-life insurance sector. The results show that the shock of liquidated
damages in gross written premiums has the largest negative impact on the
NorthMacedonian insurance sector profitability.

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Depositing User:	UKLO Mrezha
Date Deposited:	27 May 2024 06:01
Last Modified:	27 May 2024 06:01
URI:	https://eprints.uklo.edu.mk/id/eprint/9977

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