The uncertainty of income earned by farmers, namely crop failure with a very high risk, will cause financial problems in their families. The target or respondents of this study are farmers who live in Lahat Regency, South Sumatera. Initial findings indicate that the level of financial inclusion of farmers in the Lahat Regency is still quite low. The purpose of this study is to analyze the level of farmers' financial literacy, identify the components of farmers' financial literacy, and analyze the factors that affect the level of farmers' financial literacy. The research method applied is descriptive analysis and multiple regression. The analysis showed that most of the literate farmers were in the moderately literate category of 47.2 percent and the least of the farmers in the less literate category was 24.5 percent. The financial attitude component gave the largest contribution to the farmers' financial literacy index, which was 0.73. Besides, the factor affecting the level of financial literacy of farmers is education. The policy implication resulting from this research is the existence of a structured promotion and training of financial literacy for farmers by local governments. In addition, campaigning for the importance of being educated and inviting educated people to start running agricultural business activities.
In recent years, Indonesia has begun to develop its information and communications technology. Along with the development and spread of the use of information and communications technology in everyday life, the need for information, business world, and community responsibility has also increased, including insurance companies. Insurance companies act as a form of risk control by transferring the risk from one party to another. The growth of the insurance industry reflects the expanding need for protection both for health and assets owned. The growing awareness of insurance is inseparable from the influence of people's rising income and the development of digital technology. This paper investigates factors that affect the insurance variable related to the technology proxy in Indonesia from 2003 to 2015. Time-series data were analyzed using regression modeling with assumption-checking. Mobile user subscriptions, individual Internet users, Information and communications technology (ICT) goods, and ICT services are found to significantly and positively affect the insurance variable.The results indicate that insurance industry policy makers should start developing online premium policies and an online claim system.
ASEAN is one of the regions with great potential of the world economic power. Countries included in the association of Southeast Asian countries are predicted to show strong economic growth. There are many factors for the development of the ASEAN region such as insurance industry. The Southeast Asian insurance industry, with a stable and long-term financial asset commitment, could play a bigger role in supporting the region's overall economic growth. This study aims at investigating the contribution of the insurance sector measured by three parameters; namely insurance penetration, insurance density and premium volume. The research was conducted to investigate the factors which are related to the insurance industry and could affect the economic growth of 6 countries; namely Singapore, Malaysia, Philippine, Thailand, Vietnam and Indonesia, in ASEAN area over the period 2005-2015 using a fixed effect model. The result revealed that premium volume of life insurance and non-life insurance, respectively, maintained positive and significant effects on the economic growth. Life insurance penetration and density also give significant effects on economic growth while non-life insurance penetration and density are not statistically significant for the economic growth.
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