An Empirical Study of Life Insurance and Macro Economic Indicators
An Empirical Study of Life Insurance and Macro Economic Indicators
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2016
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tha
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application/pdf
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12 pages
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The XV International Business and Economy Conference, IBEC 2016, held in Nurtingen, Stuttgart Metropolitan Region, Germany in Jan. 6-9, 2016 (Nurtingen-Geislingen University)
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Abstract
This study aims to identify macroeconomic factors that can be used to explain the variation in the demand of life insurance among developed, underdeveloped, and emerging countries in 2012. Data of 86 countries were used to conduct cross-sectional multiple regression. Results showed difference in life insurance demand across countries. Variables that explain the variation in 2012 are inflation, GDP growth, and amount of deposits.