Download or read book Determinants of Life Insurance Consumption across Countries written by Thorsten Beck and published by World Bank Publications. This book was released on 2002 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Life Insurance Consumption Across Countries written by Thorsten Beck and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of life insurance companies as part of the financial sector has significantly increased over the past decades, both as provider of important financial services to consumers and as a major investor in the capital market. However, the authors still observe a large variance in life insurance consumption across countries, which raises the question of its determinants. The authors use a greatly expanded data set on life insurance consumption to examine the determinants of the demand and supply of life insurance products across countries and over time. Using a cross-sectional sample of 63 countries averaged over 1980-96, the authors find that educational attainment, banking sector development, and inflation are the most robust predictors of life insurance consumption, while income is only a weak predictor. The results on educational attainment and inflation are confirmed in a panel of 23 countries over the period 1960-96. The results strengthen the case for promoting price stability, financial sector reform, and an efficient education system if life insurance and its many benefits are to be fully realized in an economy.
Download or read book Economic Demographic and Institutional Determinants of Life Insurance Consumption Across Countries written by Thorsten Beck and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Current and future problems of life insurance companies written by Tanja Herkert and published by GRIN Verlag. This book was released on 2012-07-02 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the industrialized countries, around the end of the nineteenth century the life insurance companies started integrating death into the business world. The process of monetarizing life was born. This paper examines how the term life insurance can be defined and which kinds of life insurance exist, focusing on the two countries Germany and the United States. It will show that there are mainly three types of life insurances as well in Germany as in the United States which are term life insurance, endowment insurance and annuity insurance. Focusing then on the consumption of life insurances the different factors of demographic, economic and institutional determinants will be taken into account and examined again for both countries, Germany and the United States. After explaining what the different factors influencing life insurance consumption are and how they correlate to the consumption it is being analyzed which risks insurance companies are facing today and will face in the future. The main risks are lower life insurance consumption due to the (external) influencing factors and longevity risk. Longevity risk will then be explained based on the concept of life tables as well as how to hedge against longevity risk including calculations. Lastly a conclusion will be drawn, summing up the problems and risks that arise for insurance companies and offering a solution.
Download or read book Macro and Micro level Determinants of Life Insurance Consumption written by Doreen Nambafu and published by . This book was released on 2020 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The importance of life insurance to the social and economic welfare of a country cannot be overemphasized. Life insurance does not only boost a nation’s financial investment sector, but it also ultimately creates a safety net for families. Despite the significant growth of the insurance industry in Africa over the years, the growth of the sector in Uganda continues to lag behind with a measly penetration rate of 0.8 percent. This low use of life insurance across Uganda raises questions about what determines life insurance consumption. This thesis addresses this concern through the application of a mixed methods approach—combining both quantitative and qualitative methodologies. The qualitative approach focused on capturing macro-level determinants of life insurance consumption through in-depth interviews conducted with life insurance experts and focus group discussions with educated and working-class youth in Kampala city. The quantitative approach on the other hand, focused on micro-level determinants such as marital status, income level, education level, number of dependents, level of insurance awareness and the perception of insurance as an important financial tool. Results of the analyses showed that macro level factors such as inflation, political climate, financial sector development, consumer education, presence of other financial options have a strong influence on the demand for life insurance in Uganda. At the micro level, results of a logistic regression using a sample of 393 respondents, showed that all other things being equal, one’s marital status, income level, level of insurance awareness and the perception of insurance as an important financial tool significantly influence life insurance consumption in Uganda. Based on these findings, the study recommended that the inclusion of insurance in the school curriculum; reassessing the current tax system; creation of wealth accumulation products as well as affordable insurance policies.
Download or read book Influencers of Life Insurance Investments An Empirical Evidence from Europe written by Aditi Mitra and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The main purpose of the study is to identify the economic, cultural and demographic determinants of life insurance consumption for 28 European countries. The study used panel data analysis techniques over the post financial crisis period 2009-2014 and considers many of the emerging Eastern European economies where there have been significant insurance sectors reforms recently. Europe is the largest insurance market with 35% of the overall insurance premium contribution but ranked third in insurance per capita in 2014, hence Europe is an interesting region to study the insurance demand. Among the explanatory variables assumed in the study, gross savings, inflation, GDP and openness of economy (economic variables), population (demographic variable), power distance, uncertainty avoidance, long term orientation and individualism (cultural variables) have been observed to have a significant impact on life insurance demand in the European region.
Download or read book The Determinants of Demand for Life Insurance written by Kai Sören Wiesener and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The thesis has examined the role of selected socioeconomic factors (including income) as well as product market factors on the demand for life insurance. Applying the empirical approach of Li et al. (2007) with some minor model adjustments it could be shown that income (measured as GDP per capita) as well as the dependency ratio and the social security expenses can be regarded as a powerful predictor of life insurance demand. The model was applied on an annual dataset from 2000 to 2017 for the countries of Australia, France, Germany, Italy, Japan, Switzerland, United Kingdom, United States and the emerging countries of Brazil and China. Due to data availability issues for Brazil and China, these countries needed to be excluded from the calculation. The study has also shed some doubt on the role of factors like life expectancy, education, financial development, foreign market share and inflation as to their ability to predict life insurance demand. As the study is restricted to the selected group of advanced economies, further work in emerging economies is propagated. However, for such work to perform empirically, data availability and data construction issues have to be solved by the providers of such data.
Download or read book DETERMINANTS OF LIFE INSURANCE CONSUMPTION IN BHUTAN CONSUMER PERSPECTIVE written by DECHEN RABYANG (TP035651) and published by . This book was released on 2016 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Cross country Analysis of the Determinants of Life and Non life Insurance Supply and Demand written by Khairudin Bin Damhoeri and published by . This book was released on 1992 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.
Download or read book Life Insurance Fact Book written by and published by . This book was released on 1959 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Explaining Divergent Levels of Longevity in High Income Countries written by National Research Council and published by National Academies Press. This book was released on 2011-06-27 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last 25 years, life expectancy at age 50 in the United States has been rising, but at a slower pace than in many other high-income countries, such as Japan and Australia. This difference is particularly notable given that the United States spends more on health care than any other nation. Concerned about this divergence, the National Institute on Aging asked the National Research Council to examine evidence on its possible causes. According to Explaining Divergent Levels of Longevity in High-Income Countries, the nation's history of heavy smoking is a major reason why lifespans in the United States fall short of those in many other high-income nations. Evidence suggests that current obesity levels play a substantial part as well. The book reports that lack of universal access to health care in the U.S. also has increased mortality and reduced life expectancy, though this is a less significant factor for those over age 65 because of Medicare access. For the main causes of death at older ages-cancer and cardiovascular disease-available indicators do not suggest that the U.S. health care system is failing to prevent deaths that would be averted elsewhere. In fact, cancer detection and survival appear to be better in the U.S. than in most other high-income nations, and survival rates following a heart attack also are favorable. Explaining Divergent Levels of Longevity in High-Income Countries identifies many gaps in research. For instance, while lung cancer deaths are a reliable marker of the damage from smoking, no clear-cut marker exists for obesity, physical inactivity, social integration, or other risks considered in this book. Moreover, evaluation of these risk factors is based on observational studies, which-unlike randomized controlled trials-are subject to many biases.
Download or read book Country Risk and Insurance Demand written by Wimolnat Tanganurakpongsa and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Panel data regression model with fixed effects, adjusted for time and serial correlation, was used on 47 countries over the 1984-2014 period, to discover which country risks exert an effect on insurance demand across countries. Earlier literature has explored various economic, demographic, and other social variables, but typically focused on life-insurance demand. Country risk factors have not been fully explored. This paper used 22 country risk factors and 6 different insurance demand proxies, including life and non-life insurance densities and penetrations. The results show that GDP per capita, Budget Balance as a Percentage of GDP, Current Account as a Percentage of GDP, Net Liquidity as Months of Import Cover, External Conflict, Democratic Accountability, and Ethnic Tensions exert significant influence over more than one insurance demand proxy.
Download or read book Morals and Markets written by Viviana A. Rotman Zelizer and published by Columbia University Press. This book was released on 2017-08-08 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life insurance—the promise of an insurer to pay a sum upon a person's death in exchange for a regular premium—is a bizarre enterprise. How can we monetize human life? Should we? What statistics do we use, what assumptions do we make, and what behavioral factors do we consider? First published in 1979, Morals and Markets Is a pathbreaking study exploring the development of life insurance in the United States. Viviana A. Rotman Zelizer combines economic history and a sociological perspective to advance a novel interpretation of the life insurance industry. The book pioneered a cultural approach to the analysis of morally controversial markets. Zelizer begins in the mid-nineteenth century with the rise of the life insurance industry, a contentious chapter in the history of American business. Life insurance was stigmatized at first, denounced in newspapers and condemned by religious leaders as an immoral and sacrilegious gamble on human life. Over time, the business became a widely praised arrangement to secure a family's future. How did life insurance overcome cultural barriers? As Zelizer shows, the evolution of the industry in the United States matched evolving attitudes toward death, money, family relations, property, and personal legacy.
Download or read book U S Health in International Perspective written by National Research Council and published by National Academies Press. This book was released on 2013-04-12 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is among the wealthiest nations in the world, but it is far from the healthiest. Although life expectancy and survival rates in the United States have improved dramatically over the past century, Americans live shorter lives and experience more injuries and illnesses than people in other high-income countries. The U.S. health disadvantage cannot be attributed solely to the adverse health status of racial or ethnic minorities or poor people: even highly advantaged Americans are in worse health than their counterparts in other, "peer" countries. In light of the new and growing evidence about the U.S. health disadvantage, the National Institutes of Health asked the National Research Council (NRC) and the Institute of Medicine (IOM) to convene a panel of experts to study the issue. The Panel on Understanding Cross-National Health Differences Among High-Income Countries examined whether the U.S. health disadvantage exists across the life span, considered potential explanations, and assessed the larger implications of the findings. U.S. Health in International Perspective presents detailed evidence on the issue, explores the possible explanations for the shorter and less healthy lives of Americans than those of people in comparable countries, and recommends actions by both government and nongovernment agencies and organizations to address the U.S. health disadvantage.
Download or read book Polarization Politics and Property Rights written by Philip Keefer and published by World Bank Publications. This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: One strand of research argues that polarized societies find it difficult to reach political consensus on appropriate responses to crises. Another strand focuses on redistribution, asking whether income inequality stifles growth by increasing political incentives to redistribute. Which is right?
Download or read book Life Insurance in Europe written by Marta Borda and published by Springer. This book was released on 2021-10-23 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future determinants of the insurance industry’s development by highlighting novel solutions in insurance supervision and trends in consumer protection. Drawing on their academic and practical expertise, the contributors identify problems relating to risk analysis and evaluation, demographic challenges, consumer protection, product distribution, mortality risk modeling, applications of life insurance in contemporary pension systems, financial stability and solvency of life insurers. They also examine the impact of population aging on life insurance markets and the role of digitalization. Lastly, based on an analysis of early experiences with the implementation of the Solvency II system, the book provides policy recommendations for the development of life insurance in Europe.
