The purpose of this paper is is to identify the main determinants of insurance profitability on life and non-life segments to obtain which variables affect in each market of the Ecuadorian insurance sector.,The authors use a large panel data set with financial information from 2001 to 2017 and estimate the determinants through a panel corrected standard errors regression.,The authors found that net premiums, technical reserves, capital ratio and score efficiency are micro-determinants in the life insurance sector, whereas in the non-life sector, the micro-determinants include also claim level and liquidity ratio; moreover, the authors found that HHI is a determinant of profitability only in the life insurance. Among the macro determinants set, the authors found that the interest rate has also a significant impact both in the life and non-life insurance.,The authors analyze a dollarized emerging country, which is the first time in this kind of studies. The authors also include the structure-conduct-performance and relative market power paradigm as well as the ES hypothesis, calculated through the data envelopment analysis, as determinants of insurance profitability. Finally, this is the first research to examine the determinants of profitability in Latin American and Caribbean insurers.

中文翻译：

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人寿和非人寿保险公司盈利能力的决定因素：来自厄瓜多尔的证据

本文的目的是确定寿险和非寿险细分市场的保险盈利能力的主要决定因素，以了解哪些变量影响厄瓜多尔保险业的每个市场。作者使用包含 2001 年财务信息的大型面板数据集到 2017 年，并通过面板修正标准误差回归估计决定因素。,作者发现净保费、技术储备、资本比率和得分效率是寿险部门的微观决定因素，而在非寿险部门，微观决定因素是- 决定因素还包括索赔水平和流动性比率；此外，作者发现 HHI 仅在人寿保险中是盈利能力的决定因素。在宏观决定因素集合中，作者发现利率对寿险和非寿险也有显着影响。作者分析了一个美元化的新兴国家，这在此类研究中尚属首次。作者还将通过数据包络分析计算的结构-行为-绩效和相对市场支配力范式以及 ES 假设作为保险盈利能力的决定因素。最后，这是第一项研究拉丁美洲和加勒比地区保险公司盈利能力的决定因素。作为保险盈利能力的决定因素。最后，这是第一项研究拉丁美洲和加勒比地区保险公司盈利能力的决定因素。作为保险盈利能力的决定因素。最后，这是第一项研究拉丁美洲和加勒比地区保险公司盈利能力的决定因素。