Determinants Of Life Insurance Consumption Across Countries
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Determinants Of Life Insurance Consumption Across Countries
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Author : Thorsten Beck
language : en
Publisher: World Bank Publications
Release Date : 2002
Determinants Of Life Insurance Consumption Across Countries written by Thorsten Beck and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Financial services industry categories.
Determinants Of Life Insurance Consumption Across Countries
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Author : Thorsten Beck
language : en
Publisher:
Release Date : 2013
Determinants Of Life Insurance Consumption Across Countries written by Thorsten Beck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The importance of life insurance companies as part of the financial sector has significantly increased over the past decades, both as provider of important financial services to consumers and as a major investor in the capital market. However, the authors still observe a large variance in life insurance consumption across countries, which raises the question of its determinants. The authors use a greatly expanded data set on life insurance consumption to examine the determinants of the demand and supply of life insurance products across countries and over time. Using a cross-sectional sample of 63 countries averaged over 1980-96, the authors find that educational attainment, banking sector development, and inflation are the most robust predictors of life insurance consumption, while income is only a weak predictor. The results on educational attainment and inflation are confirmed in a panel of 23 countries over the period 1960-96. The results strengthen the case for promoting price stability, financial sector reform, and an efficient education system if life insurance and its many benefits are to be fully realized in an economy.
Economic Demographic And Institutional Determinants Of Life Insurance Consumption Across Countries
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Author : Thorsten Beck
language : en
Publisher:
Release Date : 2003
Economic Demographic And Institutional Determinants Of Life Insurance Consumption Across Countries written by Thorsten Beck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Electronic book categories.
Macro And Micro Level Determinants Of Life Insurance Consumption
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Author : Doreen Nambafu
language : en
Publisher:
Release Date : 2020
Macro And Micro Level Determinants Of Life Insurance Consumption written by Doreen Nambafu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Investments categories.
Abstract: The importance of life insurance to the social and economic welfare of a country cannot be overemphasized. Life insurance does not only boost a nation’s financial investment sector, but it also ultimately creates a safety net for families. Despite the significant growth of the insurance industry in Africa over the years, the growth of the sector in Uganda continues to lag behind with a measly penetration rate of 0.8 percent. This low use of life insurance across Uganda raises questions about what determines life insurance consumption. This thesis addresses this concern through the application of a mixed methods approach—combining both quantitative and qualitative methodologies. The qualitative approach focused on capturing macro-level determinants of life insurance consumption through in-depth interviews conducted with life insurance experts and focus group discussions with educated and working-class youth in Kampala city. The quantitative approach on the other hand, focused on micro-level determinants such as marital status, income level, education level, number of dependents, level of insurance awareness and the perception of insurance as an important financial tool. Results of the analyses showed that macro level factors such as inflation, political climate, financial sector development, consumer education, presence of other financial options have a strong influence on the demand for life insurance in Uganda. At the micro level, results of a logistic regression using a sample of 393 respondents, showed that all other things being equal, one’s marital status, income level, level of insurance awareness and the perception of insurance as an important financial tool significantly influence life insurance consumption in Uganda. Based on these findings, the study recommended that the inclusion of insurance in the school curriculum; reassessing the current tax system; creation of wealth accumulation products as well as affordable insurance policies.
Influencers Of Life Insurance Investments An Empirical Evidence From Europe
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Author : Aditi Mitra
language : en
Publisher:
Release Date : 2017
Influencers Of Life Insurance Investments An Empirical Evidence From Europe written by Aditi Mitra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
The main purpose of the study is to identify the economic, cultural and demographic determinants of life insurance consumption for 28 European countries. The study used panel data analysis techniques over the post financial crisis period 2009-2014 and considers many of the emerging Eastern European economies where there have been significant insurance sectors reforms recently. Europe is the largest insurance market with 35% of the overall insurance premium contribution but ranked third in insurance per capita in 2014, hence Europe is an interesting region to study the insurance demand. Among the explanatory variables assumed in the study, gross savings, inflation, GDP and openness of economy (economic variables), population (demographic variable), power distance, uncertainty avoidance, long term orientation and individualism (cultural variables) have been observed to have a significant impact on life insurance demand in the European region.
Determinants Of Life Insurance Consumption In Bhutan Consumer Perspective
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Author : DECHEN RABYANG (TP035651)
language : en
Publisher:
Release Date : 2016
Determinants Of Life Insurance Consumption In Bhutan Consumer Perspective written by DECHEN RABYANG (TP035651) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Consumption (Economics) categories.
A Cross Country Analysis Of The Determinants Of Life And Non Life Insurance Supply And Demand
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Author : Khairudin Bin Damhoeri
language : en
Publisher:
Release Date : 1992
A Cross Country Analysis Of The Determinants Of Life And Non Life Insurance Supply And Demand written by Khairudin Bin Damhoeri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Insurance categories.
Law Politics And Life Insurance Consumption In Asia
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Author : Damian R. Ward
language : en
Publisher:
Release Date : 2007
Law Politics And Life Insurance Consumption In Asia written by Damian R. Ward and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
This paper investigates the determinants of consumption for one of the fastest growing financial products in Asia. We find evidence that increased provision of civil rights and political stability leads to an increase in life insurance provision. However, by utilizing various estimation procedures, a number of differences between the more developed insurance markets and those in Asia are illustrated. In particular, the estimated income effect is found to be far higher in Asia than in other countries. However, the size of this difference is reduced once political and legal factors are controlled for, suggesting that future insurance market growth in Asia may not exceed that in the rest of the world.
Polarization Politics And Property Rights
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Author : Philip Keefer
language : en
Publisher: World Bank Publications
Release Date : 2000
Polarization Politics And Property Rights written by Philip Keefer and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Crecimiento economico categories.
One strand of research argues that polarized societies find it difficult to reach political consensus on appropriate responses to crises. Another strand focuses on redistribution, asking whether income inequality stifles growth by increasing political incentives to redistribute. Which is right?
The Demand For Life Insurance
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Author : Wookjae Heo
language : en
Publisher: Springer Nature
Release Date : 2019-12-27
The Demand For Life Insurance written by Wookjae Heo and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-27 with Business & Economics categories.
This book, adopting machine learning techniques for the financial planning field, explores the demand for life insurance as seen in previous literature and both estimates and predicts the demand for the adoption of life insurance using these techniques. Previous studies used diverse perspectives, like actuarial and life span, in order to understand the demand for life insurance, though these approaches have shown inconsistent findings. Employing two theoretical backgrounds—ecological systemic theory and artificial intellectual methodology—this book explores a better estimation and a prediction of the demand for life insurance and will be of interest to academics and students of insurance, financial planning, and risk management.