FINANCIAL GOAL AND TIME HORIZON: THE EFFECTS OF ECONOMIC AND PSYCHOLOGICAL DETERMINANTS ON LIFE INSURANCE CONSUMPTION

2020 ◽  
Vol 2020 ◽  
pp. 1122-1125
Keyword(s):  
Life Insurance ◽  
Time Horizon ◽  
Psychological Determinants ◽  
Financial Goal ◽  
Insurance Consumption

scholarly journals An Empirical Analysis of Non-Life Insurance Consumption Stationarity

2010 ◽  
Vol 35 (2) ◽  
pp. 266-289 ◽  
Author(s):  
Chien-Chiang Lee ◽  
Yi-Chung Hsu ◽  
Chi-Chuan Lee
Keyword(s):  
Empirical Analysis ◽  
Life Insurance ◽  
Insurance Consumption

Determinants of life insurance consumption in Africa

2016 ◽  
Vol 37 ◽  
pp. 17-27 ◽  
Author(s):  
Abdul Latif Alhassan ◽  
Nicholas Biekpe
Keyword(s):  
Life Insurance ◽  
Insurance Consumption

scholarly journals The Impact of Political, Legal and Economic Institutions on Family Takaful/ Life Insurance Consumption in OIC Countries

2019 ◽  
Vol 6 (3) ◽  
pp. 97-114
Author(s):  
Mohammad Ghaith Mahaini ◽  
Kamaruzaman Noordin ◽  
Mohammad Taqiuddin Mohamad
Keyword(s):  
Life Insurance ◽  
Political Institutions ◽  
Fixed Effects ◽  
Negative Impact ◽  
Positive Impact ◽  
Economic Institutions ◽  
Random Effects Models ◽  
Government Effectiveness ◽  
Insurance Consumption ◽  
The Impact

This study aims at testing the impact of political, legal and economic institutions on life insurance/ family takaful consumption in OIC countries. Using a panel data covering 33 OIC countries for the years from 1990 till 2016, fixed effects and random effects models have been utilised. The empirical results suggest that for political institutions, more government effectiveness promotes consumption of life insurance in OIC countries. Additionally, the more unstable the country is, the more life insurance/family takaful is purchased perhaps as an attempt of individuals to mitigate the increased level of risks. Similarly, economic institutions, measured by both investment freedom and financial freedom, have a positive impact on life insurance consumption in OIC countries. However, results show that trade freedom index has a negative impact. Further, legal institutions do not seem to have any significant impact on life insurance consumption in OIC countries.

scholarly journals Determinants of Property Insurance Demand in Slovak Republic: Challenges and Obstacles

2018 ◽  
Vol 9 (2) ◽  
pp. 5-18
Author(s):  
Tomáš Ondruška ◽  
Zuzana Brokešová ◽  
Erika Pastoráková
Keyword(s):  
Life Insurance ◽  
Slovak Republic ◽  
Economic Factors ◽  
Insurance Demand ◽  
Individual Property ◽  
Property Insurance ◽  
Head Of Household ◽  
Adequate Coverage ◽  
The Individual ◽  
Insurance Consumption

In the Slovak Republic, non-life insurance consumption is significantlylower compared to Western European countries. The paper tests various personal, demographic and economic factors and their impact on the individual property insurance demand in the Slovak Republic. Using survey data, we identified the following as statistically significant determinants of property insurance demand: gender, age, marital status, propensity to save, level of income, being a head of household. Our results can help insurers to better understand their potential consumers and to improve their acquisition and segmentation techniques. Our findings are important, especially, in times after launching a new tax on non-life insurance premiums, as individuals in Slovakia are very sensitive to the premium and often fail to buy adequate coverage in property insurance.

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