The life insurance industry in developing asian economies is under‐developed compared with global standards the low market penetration is attributed to full or partial government ownership and entry restrictions on foreign insurers regulatory changes and adoption of liberal policies have aided the. The purpose of this paper is to analyze the macroeconomic determinants of life insurance demand in india the recent decline in life insurance activity calls for a study on the factors influencing life insurance demand in india design/ methodology/approach this study employs econometric techniques like augmented. Determinants of the demand for life insurance: evidence from selected cis and cee countries by daria nesterova a thesis and investigate the impact of the determinants of life insurance demand in ukraine sen also incorporated time-series analysis on india for the period 1965-2004 and. The objective of this research is to identify and evaluate socio-economic determinants of micro life insurance review of quantitative empirical studies on life insurance demand 20 421 same holds true for informal burial societies – a quasi life insurance – in rural india (murdoch, 2002. Demand, except that of religion this implies that sed determinants with the exception of religion play major roles in influencing people's decision to subscribe to insurance policies again, it was observed that with the exception of religion, all the sed variables have strong positive relationship with insurance patronage in. Rani (2007) used probit regression modeling technique with 172 sample households on determinants of demand for insurance in sulur special panchayat , coimbatore district, india from the analysis it was found that most of the respondents clearly explained that for their savings only they have demanded the insurance. Secondly, an independent exercise is undertaken to re-assess whether or not the variables best explaining life insurance consumption pattern for twelve elected asian economies in the panel are significant for india for the period 1965 to 2004 some variables were strongly capable of determining life insurance demand in. Demand for insurance (turner et al, 2014), the feasibility of agricultural insurance (gehrke, 2014), community- determinants of demand, comparing the evidence to that for traditional insurance products recently, for example, with the introduction of weather index insurance in india in 200316 12 the.
Growth, with a large literature examining the determinants of the supply of banking and financial intermediation services in india and indonesia, measuring household financial literacy and demand for financial services the survey in study demand for a rainfall insurance product in india they find limited demand for the. Determinants of enrollment in comprehensive health insurance scheme and implementation challenges: a study in kerala, south india, devi nair the demand side and supply side factors affecting the implementation of comprehensive health insurance scheme (chis) in kerala, 2 to explore the impact of chis on. Emerging and developed economies such as china, india and taiwan (sigma, 2013) in 2014, the most of the previous studies have divided the determinants of insurance and takāful demand into and socio-demographic factors as life insurance demand determinants across mena region their.
Abstract we investigate the influence of institutional factors upon life insurance demand for 32 european countries, considering the socio-demographic and economic determinants as control variables using a panel data approach, we find that life insurance demand is influenced differently by institutional. An empirical research regarding density and penetration insurance on accident & health premiums in future implementation of solvency ii☆ subir, 2008: subir s (2008), an analysis of life insurance demand determinants for selected asian economies and india, working paper 36/2008, article downloaded from the.
Sample households on determinants of demand for insurance in sulur special panchayat, coimbatore district, india from the analysis it was found that most of the respondents clearly explained that for their savings only they have demanded the insurance policies in case of non-insurer, lack of income is one of the. Determinants of life insurance consumption across countries thorsten beck and ian webb world bank and international insurance foundation the world bank, 1818 h st, nw, washington, dc 20433 ph: (202) 473-3215, e-mail: tbeck(worldbankorg the international insurance foundation, 1233 twentieth st ,. Health insurance scheme for people with citizenship problem (his-pcp), providing a similar coverage as the uhs the ministry of insurances, specifically regarding determinants of demand and supply 3 by some dynamic countries in the sector such as india, the philippines, thailand, bangladesh.
Of non-life insurance there are many factors influencing the insufficient development of life insurance in montenegro this manuscript offers an analysis of significant factors that have important ferent results for some determinants of life insurance demand, including the for selected asian economies and india paper. An analysis of life insurance demand determinants for selected asian economies and india 2010 kakar ashukla jaer the determinants of demand for life insurance in an emerging economy-india 2012 kjosevski ijef the determinants of life insurance demand in central and southeastern. Determinants on the insurance sector development is explored and confirmed that examines the impact of macroeconomic determinants on insurance com- panies insurance demand the measurement of financial deepening depends on the level of economic development and legal environment of a country beck. Statistically significant negative effect of young dependency ratio on life insurance market demand while old keywords: demand, supply, demographic variables, economic variables, life insurance, error correction model are life insurance demand determinants valid for selected asian economies and india paper.
The determinants of the demand for life insurance products in ghana- a survey of selected life insurance companies in the kumasi metropolis by wireko daniel (b a hons) a thesis submitted to the school of business, kwame nkrumah university of. Health insurance is one of the most important aspects of health care management system this paper identifies the socio economic determinants of demand for health insurance in india taking hyderabad as the case for this purpose, a sample survey has been conducted taking 200 sample units in hyderabad city. Determinants of consumer purchase decisions of health insurance in kerala thesis submitted to cochin university of science and technology insurance companies in kerala who provided information and shared insights and table 22 indian health care scenario: innovation in the health.
This paper investigates the determinants of life insurance demand among life insurance policyholders of five major life insurance below 20 24 93 21 – 30 79 305 31 – 40 104 402 41 – 50 52 201 total 259 1000 race malay 79 305 chinese 84 324 indian 72 278 others 24 93 total. Introduction: in the majority of developing countries, the volume of medical insurance services, provided by social insurance organizations is inadequate thus, supplementary medical insurance is proposed as a means to address inadequacy of medical insurance accordingly, in this article, we attempted. Issued insurance policies is still not more than 6%, which is very small fraction in comparing 60% of south africa and india (wb, 2014) the low contribution of life insurance business to the economy in ethiopia and the absence of empirical studies concerning factors affecting the life insurance policy purchasing demand is.
Referring to the life insurance line of business, income is found to have a s ignificant positive impact on the insurance demand by all the researchers revealed a positive relation between urbanisation and the demand for such products for 13 asian economies, among which were india and china. Keywords: microinsurance, financial inclusion, insurance quiz, demographic variables citation: uddin, m a (2017) micro-insurance in india: insurance literacy and demand business and economic horizons, 13(2), 182-191, http://dx doiorg/1015208/beh201714 1 introduction insurance is a financial contract or plan. Full-text paper (pdf): determinants of non-life insurance companies profitability: an empirical study in india the main objective of this study was to identify factors that determining non-life insurance companies` profitability in india swiss re global report (2015) shows that, the demand for the.