Economic, Demographic, and Institutional Determinants of Life Insurance Consumption across countries

Life insurance has become an increasingly important part of the financial sector over the past 40 years, providing a range of financial services for consumers and becoming a major source of investment in the capital market. But what drives the larg...

Full description

Bibliographic Details
Main Authors:	Beck, Thorsten, Webb, Ian
Format:	Journal Article
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ACCOUNTABILITY ADMINISTRATIVE COSTS AGENTS AMOUNT OF RISK ANNUITIES ANNUITY BANKING SECTOR BANKING SECTOR DEVELOPMENT BANKING SYSTEM BANKING SYSTEMS BENEFICIARIES BEQUEST BRITISH LEGAL ORIGIN BUREAUCRATIC QUALITY BUSINESS CYCLE CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CONSUMER DEMAND CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CONTRACTUAL SAVINGS COUNTRY RISK COVERAGE DEGREE OF RISK DEMOGRAPHIC DEPOSIT DEPOSIT MONEY BANKS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPING ECONOMY DISCOUNT RATE DISINTERMEDIATION DISPOSABLE INCOME DIVIDEND DIVIDENDS DOMESTIC MARKET DUMMY VARIABLE DUMMY VARIABLES ECONOMIC DEVELOPMENT ENFORCEMENT OF CONTRACTS EXCHANGE RATE EXCHANGE RATE REGIMES EXCHANGE RATES EXPENDITURES FACE AMOUNTS FACE VALUE FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL SERVICES FOR CONSUMERS FINANCIAL SYSTEM FIXED INTEREST FIXED INTEREST RATES FRAUD GOVERNANCE INDICATORS GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCOME DISTRIBUTION INCOME ELASTICITY INCOME INEQUALITY INCOME LEVEL INFLATION INFLATION EXPECTATIONS INFLATION RATE INFLATION RATES INFLATION VOLATILITY INFORMAL INSURANCE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSURANCE ACTIVITY INSURANCE COVERAGE INSURANCE GROWTH INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE PENETRATION INSURANCE PREMIUM INSURANCE PREMIUM RATES INSURANCE PRODUCT INSURER INSURERS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INSURANCE INVESTMENT CHOICES INVESTMENT FUNCTION INVESTMENT FUNCTIONS INVESTMENT FUNDS INVESTMENT OPPORTUNITIES ISLAMIC SCHOLARS LACK OF COMPETITION LEGAL SYSTEM LIABILITY LIABILITY INSURANCE LIFE EXPECTANCIES LIFE EXPECTANCY LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE CONTRACTS LIFE INSURANCE POLICIES LIFE INSURANCE PREMIUMS LIFE INSURANCE PRODUCT LIFE INSURANCE PRODUCTS LIFE INSURERS LOAN LOCAL CURRENCY LONG-TERM FINANCE MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MACROECONOMICS MARKET STRUCTURE MONETARY FUND MONETARY STABILITY NOMINAL INTEREST RATE OPTIMAL INVESTMENT OVERHEAD COSTS PAYMENT SERVICES PAYMENT SYSTEM POLICYHOLDERS POLITICAL RISK POLITICAL STABILITY PORTFOLIO POSITIVE COEFFICIENT POWER PARITY PRESENT VALUE PRICE STABILITY PRIVATE INSURANCE PRIVATE SAVINGS PROFITABILITY PROPERTY RIGHTS PUBLIC EXPENDITURES PURCHASING POWER REAL INTEREST REAL INTEREST RATE REINSURANCE REINVESTMENT RESERVE RESERVE REQUIREMENTS RESERVES RETIREMENT RETIREMENT SAVINGS RETURN RETURNS RISK AVERSION RISK MANAGEMENT RULE OF LAW SAVINGS INSTRUMENT SAVINGS INSTRUMENTS SAVINGS PORTFOLIOS SAVINGS RATE SOCIAL SECURITY STOCK MARKET STOCK MARKET DEVELOPMENT TAXATION UNDERWRITING URBANIZATION WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2003/01/17741877/economic-demographic-institutional-determinants-life-insurance-consumption-across-countries http://hdl.handle.net/10986/17169

Internet

http://documents.worldbank.org/curated/en/2003/01/17741877/economic-demographic-institutional-determinants-life-insurance-consumption-across-countries
http://hdl.handle.net/10986/17169

Economic, Demographic, and Institutional Determinants of Life Insurance Consumption across countries

Internet

Similar Items