Der volkwirtschaftliche Wert der Versicherung — eine Input-Output-Analyse der Versicherungswirtschaft

What is the value of insurance to a society and its economy? What are the interdependencies and interrelations between the insurance sector and other sectors of the economy? By applying the tool of input-output-analysis we are able to measure on the one hand the flow of goods and services from other sectors to the insurance sector and on the other hand the flow of insurance to other sectors of the German economy. The results show that the output-multiplier, representing the demand induced by an increased demand for insurance, is surprisingly large. In the course of our study we are further able to give a detailed picture of the input-factors needed to produce insurance and also to quantify how much insurance other sectors of the economy for their intermediate consumption.