<scp>The Demand for Life Insurance in OECD Countries</scp>

Li, Donghui; Moshirian, Fariborz; Nguyên, Pascal; Wee, Timothy

doi:10.1111/j.1539-6975.2007.00228.x

Cited by 214 publications

(295 citation statements)

References 29 publications

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“…Four (4) respondents rated insurance firms as providing excellent services, nineteen (19) indicated very good services; one hundred and twenty-four (124) tagged insurance firms as providing good services and one hundred and nine (109) indicated that insurance firms' services are bad. This in fact, tells that the people have low confidence in the insurance firms [13,14].…”

Section: Descriptive Analysesmentioning

confidence: 99%

Determinants of Life Insurance Demand, Consumer Perspective - A Case Study of Ayeduase-Kumasi Community, Ghana

Yusif¹

2015

Bus Eco J

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This study finds out the determinants of life insurance demand in the Ayeduase-Kumasi community from the perspective of consumers. The study adopted Logistic regression modeling technique with 256 cross section observations. Income, higher education, number of dependents, employment by someone else and better perception about insurance firms improved the chances of taking life insurance. Age however, has negative relationship with the odds of taking life insurance. Number of dependents was statistically significant at 1%. Age and Type of employment were both significant at 5% while's income and education level were significant at 10%. Overall the Chi-Square showed that the model was statistically significant at less than 0.001. This study had similar results to previous studies and deviates as well. Çelik and Kayali found a positive relationship between income and odds of taking insurance and that was not different from the results of this study. Contrary to Çelik and Kayali, higher education influences positively the odds of taking life insurance. Moreover, segmenting customers into different groups by using the type of employment as basis of segmentation could help insurance firms to prescribe policies that customers may patronize.

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Section: Descriptive Analysesmentioning

confidence: 99%

Determinants of Life Insurance Demand, Consumer Perspective - A Case Study of Ayeduase-Kumasi Community, Ghana

Yusif¹

2015

Bus Eco J

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“…Moreover the bulk of the existing empirical research focuses on the growth of the life insurance sector, using the most frequently cited papers Browne and Kim 1993;Outreville 1996;Li et al 2007]. The dependent variables for the vast majority of models was the life insurance density (number of US Dollars spent annually on life insurance per capita) and the life insurance penetration (total life premium volume divided by GDP).…”

Section: Review Of the Empirical Evidencementioning

confidence: 99%

The Determinants of Non-life Insurance Penetration in Selected Countries from South Eastern Europe

Poposki¹,

Kjosevski²,

Stojanovsk³

2015

EBR

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“…51 . 52 ; Browne et al (2000); Ward and Zurbruegg (2002); Beck and Webb (2003) and Li et al (2007). 53 ; Ward and Zurbruegg (2002); Beck and Webb (2003); Li et al (2007).…”

Section: Market Structure Factorsmentioning

confidence: 99%

“…33 . 34 Li et al (2007). 35 Fortune (1973);Cargill and Troxel (1979); ; ; Ward and Zurbruegg (2002); Beck and Webb (2003).…”

Section: Socio-economic Factorsmentioning

confidence: 99%

Foreign Participation in Life Insurance Markets: Evidence from OECD Countries

Chen

et al. 2009

Geneva Pap Risk Insur Issues Pract

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This paper examines the determinants of foreign participation in life insurance markets across 24 OECD countries during the period 1993-2000. The empirical results show that socio-economic and market structure factors influence foreign participation in life insurance markets. More specifically, life expectancy, foreign market share, income, dependency ratio, financial development, level of competition, economic growth and market liberalisation have positive impacts, whereas expense/combined ratios and social security expenditure have negative impacts on foreign participation in life insurance markets. In addition, governance/legal indicators (common law, political stability, government effectiveness, regulatory quality, the rule of law and control of corruption) all show positive impacts on foreign participation in life insurance markets.

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The Demand for Life Insurance in OECD Countries

Cited by 214 publications

References 29 publications

Determinants of Life Insurance Demand, Consumer Perspective - A Case Study of Ayeduase-Kumasi Community, Ghana

Determinants of Life Insurance Demand, Consumer Perspective - A Case Study of Ayeduase-Kumasi Community, Ghana

The Determinants of Non-life Insurance Penetration in Selected Countries from South Eastern Europe

Foreign Participation in Life Insurance Markets: Evidence from OECD Countries

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