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Annuity Markets in Chile : Competition, Regulation - and Myopia?

The author studies annuity rates in Chile and relates them with industry competition. He finds (1) that annuity insurance companies paying higher broker commissions paid lower annuity rates; and (2) a structural break of the long-run elasticity of annuity rates to the risk-free rate in 2001. Moreove...

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Bibliographic Details
Main Author: Walker, Eduardo
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
AGENCY PROBLEMS
AGENTS
ANNUITIES
ANNUITIES MARKETS
ANNUITY
ANNUITY MARKETS
ANNUITY PAYMENT
ANNUITY RATE
ANNUITY RATES
ASSETS
AUCTION
AUCTIONS
BANKRUPTCY
BENEFICIARIES
BOLSA
BONDS
BROKERS
CAPITAL MARKETS
CENTRAL BANK
COMMISSIONS
CONSUMERS
COST OF CAPITAL
CREDIT RISK
DEBT
DISCOUNT RATES
ELASTICITY
EMERGING MARKETS
FINANCIAL INSTRUMENTS
FUTURE PAYMENTS
INDEXED BONDS
INFLATION
INFLATION RATE
INSURANCE
INSURANCE COMPANIES
INSURANCE COMPANY
INSURANCE INDUSTRY
INTEREST RATE
INTEREST RATES
INTERNAL RATE OF RETURN
INVESTMENT POLICIES
INVESTMENT RISK
INVESTMENT STRATEGIES
LIFE EXPECTANCY
LIFE INSURANCE
LIFE INSURANCE COMPANIES
LONGEVITY INSURANCE
LONGEVITY RISK
MANDATORY SAVINGS
MANDATORY SYSTEM
MARGINAL COST
MARKET RISK
MORTALITY TABLES
PAYOUT
PENSION FUND
PENSION FUND ADMINISTRATORS
PENSION FUNDS
PENSION LAW
PENSION SYSTEM
PENSION SYSTEMS
PENSIONERS
PENSIONS
PORTFOLIOS
PREMIUMS
PRIVATIZATION
RATES
RATES OF RETURN
REAL INTEREST RATE
RETIREES
RETIREMENT
RETIREMENT AGE
RISK PREMIUM
RISK-FREE RATE
SAVINGS
SECURITIES
SOCIAL SECURITY
STATEMENTS
STRUCTURAL CHANGE
TRANSPARENCY
UNDERESTIMATES
VALUATION
VARIABLE ANNUITIES
WEALTH
YIELD CURVES
Online Access:http://documents.worldbank.org/curated/en/2006/08/6940919/annuity-markets-chile-competition-regulation-myopia
http://hdl.handle.net/10986/8381

Internet

http://documents.worldbank.org/curated/en/2006/08/6940919/annuity-markets-chile-competition-regulation-myopia
http://hdl.handle.net/10986/8381

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