The determination of life premiums: An international cross-section analysis 1970–1981

Beenstock, Michael; Dickinson, Gerry; Khajuria, Sajay

doi:10.1016/0167-6687(86)90020-x

Cited by 115 publications

(186 citation statements)

References 7 publications

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“…The variable real GDP is positive and statistically significant at conventional levels in most equations in Tables 1-4, indicating that higher national per capita income is associated with insurance market development, including life insurance and non-life insurance. These findings are in line with those of Hammond et al, 60 Beenstock et al (1986). 88 .…”

Section: Baseline Specificationsupporting

confidence: 83%

“…42 Gerber (2007). 43 Hammond et al (1967); Beenstock et al (1986); ; ; Browne et al 44 This is the case because greater income enables households to purchases insurance to acquire financial protection. 45 Furthermore, Li et al 46 suggest that a "large income results in a greater loss of expected utility for the dependents in the event of the income earner's death" and thus increases life insurance consumption in an economy (p. 640).…”

Section: Determinants Of Insurance Market Developmentmentioning

confidence: 99%

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Natural Disasters, Political Risk and Insurance Market Development

Chang

Berdiev

2013

Geneva Pap Risk Insur Issues Pract

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We examine the relationship between natural disasters, political risk and insurance market development in a panel of 39 countries over the period 1984-2009 using a dynamic panel two-step system generalised method of moments model. We provide evidence that the incidences of natural disasters and deaths caused by natural disasters lead to greater total insurance, as well as life insurance and non-life insurance consumption. We also find that countries with lower levels of political risk experience higher insurance consumption. The incidences of natural disasters and deaths attributable to natural disasters contribute to insurance market development under the tenure of a government with lower levels of political risk. We therefore emphasise that natural disasters, political risk and their interaction effects are important determinants of insurance market development.

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Section: Baseline Specificationsupporting

confidence: 83%

Section: Determinants Of Insurance Market Developmentmentioning

confidence: 99%

Natural Disasters, Political Risk and Insurance Market Development

Chang

Berdiev

2013

Geneva Pap Risk Insur Issues Pract

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“…Relation between income and life insurance consumption has been confirmed by the cross country studies of Beenstock et al (1986), Truett and Truett (1990), Browne andKim (1993), andOutreville (1996). Beenstock et al (1988), indicate that a positive relationship exists between national income in industrialized countries and spending on property-liability insurance.…”

Section: Economic Factorsmentioning

confidence: 75%

Factors Critical in Marketing Strategies of

Saaty¹,

Ansari²

2011

IJMS

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This paper attempts to find out the factors important in developing a suitable marketing strategy for insurance companies in Saudi Arabia. It investigates the reasons for buying insurance by the current users of insurance, reasons for not buying insurance by non-users of insurance and the issues and problems faced by Saudi Insurance industry.The study is based primarily on primary data collected randomly from 500 users of insurance, from 400 non-users of insurance and 80 insurance executives through structured questionnaire in Jeddah city of Saudi Arabia. The three questionnaires were developed in English and translated into Arabic for effective response due to Saudi Culture, and language. The response from the three groups of respondents were analyzed using simple statistical techniques such as percentages, mean, chi-square tests, factor analysis, and ANOVA analysis with the help of Statistical Package for the Social Sciences (SPSS).The results of the study show that the social and regulatory factors played crucial role in the consumer's decision in purchasing insurance. However it was also found that the public at large is unaware about the benefits of insurance, and various types of insurance products. The insurance companies shall focus of promotional marketing strategies. The marketer's primary focus should be on promotional activities.

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“…All previous studies, whether devoted to life or non-life insurance, conclude that income, measured as GDP per capita, is the most important factor affecting purchasing decisions (Fortune 1973;Campbell 1980;Beenstock et al 1986;Lewis 1989;Outeville 1990). Beck -Webb (2003), Ward -Zurbruegg (2000), and Beenstock et al (1988) point out a positive relationship in industrialised countries between national income and non-life insurance spending.…”

Section: Economic Factorsmentioning

confidence: 99%

The determinants of non-life insurance consumption: A VECM analysis in Central and South-Eastern Europe

Kjosevski¹,

Petkovski

2015

Acta Oeconomica

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J. KJOSEVSKI -M. PETKOVSKIThis study examines the determinant of non-life insurance consumption in 14 countries of Central and South-Eastern Europe between 1995 and 2010 within a vector error correction model (VECM). We use non-life insurance penetration as a measure for non-life insurance consumption. Empirical results provide evidence that the number of dwellings and number of passenger cars positively and signifi cantly infl uence non-life insurance consumption in the long run, while the existence of the rule of law and EU membership are signifi cant in the short run.

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The determination of life premiums: An international cross-section analysis 1970–1981

Cited by 115 publications

References 7 publications

Natural Disasters, Political Risk and Insurance Market Development

Natural Disasters, Political Risk and Insurance Market Development

Factors Critical in Marketing Strategies of

The determinants of non-life insurance consumption: A VECM analysis in Central and South-Eastern Europe

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