Life and non-life insurance demand: the different effects of influence factors in emerging countries from Europe and Asia

References

• Anderson, D. R., & Nevin, J. R. (1975). Determinants of young marrieds’ life insurance purchasing behavior: An empirical investigation. Journal of Risk and Insurance, 42, 375–387.10.2307/251694
   Web of Science ®Google Scholar
• Auerbach, A. T., & Kotlikoff, L. J. (1989). How rational is the purchase of life insurance? Working paper presented at the National Bureau of Economic Research, no 3063.
   Google Scholar
• Beck, T., & Webb, I. (2003). Economic, demographic and institutional determinants of life insurance consumption. The World Bank Economic Review, 17, 51–88.10.1093/wber/lhg011
   Web of Science ®Google Scholar
• Beenstock, M., Dickinson, G., & Khajuria, S. (1986). The determination of life premiums: An international cross-section analysis, 1970–1981. Insurance: Mathematics and Economics, 5, 261–270.
   Web of Science ®Google Scholar
• Beenstock, M., Dickinson, G., & Khajuria, S. (1988). The Relationship between property-liability insurance penetration and income: An international analysis. The Journal of Risk and Insurance, 55, 259–272.10.2307/253327
   Web of Science ®Google Scholar
• Browne, M., Chung, J. W., & Frees, W. (2000). International property-liability insurance consumption. The Journal of Risk and Insurance, 67, 73–90.10.2307/253677
   Web of Science ®Google Scholar
• Browne, M., & Kim, K. (1993). An international analysis of life insurance demand. The Journal of Risk and Insurance, 60, 616–634.10.2307/253382
   Web of Science ®Google Scholar
• Campbell, R. A. (1980). The demand for life insurance: An application of the economics of uncertainty. Journal of Finance, 35, 1155–1172.10.1111/j.1540-6261.1980.tb02201.x
   Web of Science ®Google Scholar
• Curak, M., Dzaja, I., & Pepur, S. (2013). The effect of social and demographic factors on life insurance demand in Croatia. International Journal of Business and Social Science, 4, 65–72.
   Google Scholar
• Duker, J. M. (1969). Expenditures for life insurance among working-wife families. Journal of Risk and Insurance, 36, 525–533.10.2307/251159
   Web of Science ®Google Scholar
• Eck, J., & Nizovtsev, D. (2006). The impact of culture on the purchase of life insurance in Latin America and the Carabbean. International Business & Economics Research Journal, 5, 31–45.
   Google Scholar
• Enz, R. (2000). The S-curve relation between per-capita income and insurance penetration. Geneva Papers on Risk and Insurance, 25, 396–406.10.1111/gene.2000.25.issue-3
   Google Scholar
• Esho, N., Kirievsky, A., Ward, D., & Zurbruegg, R. (2004). Law and the determinants of property-casualty insurance. The Journal of Risk and Insurance, 71, 265–283.10.1111/j.0022-4367.2004.00089.x
   Web of Science ®Google Scholar
• Feyen, E., Lester, R., & Rocha, R. (2011). What drives the development of the insurance sector? An empirical analysis based on a panel of developed and developing Countries. Policy research working paper presented at The World Bank, no 5572.
   Google Scholar
• Fortune, P. (1973). A theory of optimal life insurance: Development and test. Journal of Finance, 27, 587–600.
   Google Scholar
• Gandolfi, A. S., & Miners, L. (1996). Gender-based differences in life insurance ownership. Journal of Risk and Insurance, 63, 683–693.10.2307/253478
   Web of Science ®Google Scholar
• Hau, A. (2000). Liquidity, estate liquidation, charitable motives and life insurance demand by retired singles. Journal of Risk and Insurance, 67, 123–141.10.2307/253680
   Web of Science ®Google Scholar
• Hwang, T., & Gao, S. (2003). The determinants of the demand for life insurance in an emerging economy – The case of China. Journal of Managerial Finance, 29, 82–96.10.1108/03074350310768779
   Google Scholar
• Kalra, A., Fan, I., & Sinha, N. (2013). Urbanization in emerging markets: Boon and bane for insurers. SwissRe Sigma, 5, http://media.swissre.com/documents/sigma5_2013_en.pdf
   Google Scholar
• Kamiya, S. (2013). Non-life insurance market growth in China: Can we predict it? Scor Papers, 22, www.scor.com/images/stories/pdf/scorpapers/sp22.pdf
   Google Scholar
• Kjosevski, J. (2012). The determinants of life insurance demand in Central and South Eastern Europe. International Journal of Economics and Finance, 4, 237–247.
   Google Scholar
• Lewis, F. D. (1989). Dependents and the demand for life insurance. American Economic Review, 79, 452–467.
   Web of Science ®Google Scholar
• Li, D., Moshirian, F., Nguyen, P., & Wee, T. (2007). The demand for life insurance in OECD Countries. Journal of Risk and Insurance, 74, 637–652.10.1111/jori.2007.74.issue-3
   Web of Science ®Google Scholar
• Liebenberg, A. P., Carson, J. M., & Dumm, R. E. (2012). A dynamic analysis of the demand for life insurance. Journal of Risk and Insurance, 79, 619–644.10.1111/jori.2012.79.issue-3
   Web of Science ®Google Scholar
• Nakata, H., & Sawada, Y. (2007). Demand for non-lifed insurance: A cross Country analysis. Working paper presented at CIRJE, University of Tokyo.
   Google Scholar
• Nesterova, D. (2008). Determinants of the demand for life insurance: Evidence from selected CIS and CEE Countries. National University “Kyiv-Mohyla Academy”, 1–49.
   Google Scholar
• Neumann, S. (1969). Inflation and saving through life insurance. Journal of Risk and Insurance, 36, 567–582.10.2307/251163
   Web of Science ®Google Scholar
• Ofoghi, R., & Farsangi, R. H. (2013). The effect of insurance knowledge on the insurance demand: The case study of auto insurance. Technical Journal of Engineering and Applied Sciences, 3, 3356–3364.
   Google Scholar
• Outreville, F. (1990). The economic significance of insurance markets in developing Countries. The Journal of Risk and Insurance, 57, 487–498.10.2307/252844
   Web of Science ®Google Scholar
• Outreville, F. (1996). Life insurance markets in developing Countries. The Journal of Risk and Insurance, 63, 263–278.10.2307/253745
   Web of Science ®Google Scholar
• Park, S. C., & Lemaire, J. (2011a). The impact of culture on the demand for non-life insurance. Insurance and Risk Management. Working paper presented at The Wharton School, University of Pennsylvania.
   Google Scholar
• Park, S. C., & Lemaire, J. (2011b). Culture matters: Long-term orientation and the demand for life insurance. Philadelphia, PA: Wharton School, University of Pennsylvania.
   Google Scholar
• Savvides, S. (2006). Inquiry into the macroeconomic and household motives to demand life insurance: Review and empirical evidence from cyprus. Journal of Business and Society, 19, 37–79.
   Google Scholar
• Sen, S. (2008). An analysis of life insurance demand determinants for selected Asian economies and India. Working Paper, 36, 1–44. http://www.mse.ac.in/pub/workingpaper2036.pdf.
   Google Scholar
• Sen, S., & Madheswaran, S. (2007). Are life insurance demand determinants valid for selected Asian economies and India? Paper for Presentation at Annual Meeting of APRIA, 1–27.
   Google Scholar
• Sherden, W. (1984). An analysis of the determinants of the demand for automobile insurance. Journal of Risk and Insurance, 51, 49–62.10.2307/252800
   Web of Science ®Google Scholar
• Treerattanapun, A. (2011). The impact of culture on non-life insurance consumption. Paper presented at Wharton Research Scholars Project, The University of Pennsylvania.
   Google Scholar
• Truett, D. B., & Truett, L. J. (1990). The demand for life insurance in Mexico and the United States: A comparative study. Journal of Risk and Insurance, 57, 321–328.
   Web of Science ®Google Scholar
• Ward, D., & Zurbruegg, R. (2002). Law, politics and life insurance consumption in Asia. Geneva Papers on Risk and Insurance, 27, 395–412.10.1111/gene.2002.27.issue-3
   Web of Science ®Google Scholar
• World Bank (2013). Indicators: Economic policy and external debt, and education and Urban development. Washington, DC. http://data.worldbank.org/data-catalog/world-development-indicators
   Google Scholar
• Yilanci, V. (2012). Investigating asymmetries in macroeconomic aggregates of central and Eastern European economies. Amfiteatru Economic, 14, 223–229.
   Web of Science ®Google Scholar
• Zietz, E. N. (2003). An examination of the demand for life insurance. Risk Management and Insurance Review, 6, 159–191.10.1046/J.1098-1616.2003.030.x
   Google Scholar