A cross-country analysis of the determinants of insurance supply and demand

Past studies in international insurance have not adequately addressed the importance of the relationship between the forces of supply and demand and assumed away any relationship between life and non-life insurance towards gaining a better understanding of this still under-researched area, a two-ins...

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Main Author: Khairudin Damhoeri,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 1993
Online Access:http://journalarticle.ukm.my/7530/1/768-1468-1-SM.pdf
http://journalarticle.ukm.my/7530/
http://ejournals.ukm.my/pengurusan/issue/view/201
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spelling my-ukm.journal.75302016-12-14T06:44:22Z http://journalarticle.ukm.my/7530/ A cross-country analysis of the determinants of insurance supply and demand Khairudin Damhoeri, Past studies in international insurance have not adequately addressed the importance of the relationship between the forces of supply and demand and assumed away any relationship between life and non-life insurance towards gaining a better understanding of this still under-researched area, a two-insurance market model is developed. In the empirical estimation of the model, the technique of three stage least square is employed. The empirical findings suggest that life and non-life insurance are complements. both in the demand and supply sides. A number of variables from the broad c1asses of economic, sociopolitical and regulatory variables were found to be significant in determining insurance supply and demand. Of specific variables different than those found in previous studies, the lack of civil liberty was found to negatively affect non-life insurance demand while a mandatory reinsurance cession requirement negatively affects non-life insurance supply Penerbit Universiti Kebangsaan Malaysia 1993 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7530/1/768-1468-1-SM.pdf Khairudin Damhoeri, (1993) A cross-country analysis of the determinants of insurance supply and demand. Jurnal Pengurusan, 12 . pp. 3-26. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/201
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description Past studies in international insurance have not adequately addressed the importance of the relationship between the forces of supply and demand and assumed away any relationship between life and non-life insurance towards gaining a better understanding of this still under-researched area, a two-insurance market model is developed. In the empirical estimation of the model, the technique of three stage least square is employed. The empirical findings suggest that life and non-life insurance are complements. both in the demand and supply sides. A number of variables from the broad c1asses of economic, sociopolitical and regulatory variables were found to be significant in determining insurance supply and demand. Of specific variables different than those found in previous studies, the lack of civil liberty was found to negatively affect non-life insurance demand while a mandatory reinsurance cession requirement negatively affects non-life insurance supply
format Article
author Khairudin Damhoeri,
spellingShingle Khairudin Damhoeri,
A cross-country analysis of the determinants of insurance supply and demand
author_facet Khairudin Damhoeri,
author_sort Khairudin Damhoeri,
title A cross-country analysis of the determinants of insurance supply and demand
title_short A cross-country analysis of the determinants of insurance supply and demand
title_full A cross-country analysis of the determinants of insurance supply and demand
title_fullStr A cross-country analysis of the determinants of insurance supply and demand
title_full_unstemmed A cross-country analysis of the determinants of insurance supply and demand
title_sort cross-country analysis of the determinants of insurance supply and demand
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 1993
url http://journalarticle.ukm.my/7530/1/768-1468-1-SM.pdf
http://journalarticle.ukm.my/7530/
http://ejournals.ukm.my/pengurusan/issue/view/201
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score 13.211869