Does Insurance Market Activity Promote Economic Growth

Author : Marco Arena
Publisher : Unknown
Page : 28 pages
File Size : 43,9 Mb
Release : 2006
Category : Developing countries
ISBN : UCSD:31822035390731

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Does Insurance Market Activity Promote Economic Growth? by Marco Arena Pdf

Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance.

Author : Marco Arena
Publisher : Unknown
Page : 22 pages
File Size : 51,8 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290703546

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Does Insurance Market Activity Promote Economic Growth? Country Study for Industrial and Developing Countries by Marco Arena Pdf

Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance.

Author : Felix Hufeld,Ralph S. J. Koijen,Christian Thimann
Publisher : Oxford University Press
Page : 256 pages
File Size : 49,5 Mb
Release : 2016-10-28
Category : Business & Economics
ISBN : 9780191093173

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The Economics, Regulation, and Systemic Risk of Insurance Markets by Felix Hufeld,Ralph S. J. Koijen,Christian Thimann Pdf

Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macroeconomic role and risks of insurance markets are surprisingly limited. This book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macroeconomic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.

Author : Marco Arena
Publisher : World Bank Publications
Page : 22 pages
File Size : 52,5 Mb
Release : 2006
Category : Bank Policy
ISBN : 8210379456XXX

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Does Insurance Market Activity Promote Economic Growth? by Marco Arena Pdf

Abstract: Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance.

Author : Nigel Davies,Richard Podpiera,Mr.Udaibir S. Das
Publisher : International Monetary Fund
Page : 45 pages
File Size : 48,7 Mb
Release : 2003-07-01
Category : Business & Economics
ISBN : 9781451856002

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Insurance and Issues in Financial Soundness by Nigel Davies,Richard Podpiera,Mr.Udaibir S. Das Pdf

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.

Author : Elma Satrovic
Publisher : GRIN Verlag
Page : 183 pages
File Size : 45,8 Mb
Release : 2018-09-10
Category : Business & Economics
ISBN : 9783668792753

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Merits of Life Insurance by Elma Satrovic Pdf

Document from the year 2018 in the subject Economics - Finance, grade: 14, University of Sarajevo, language: English, abstract: In this book linear panel data estimators are employed to investigate the relationship between life insurance and economic growth. This study contributes to previous studies by using Maximum likelihood estimation of dynamic panel that was not used in previous studies concerning the aforementioned relationship; by controlling for number of factors thought to influence economic growth; by referring to a much larger number of countries and by exploring the relationship between life insurance and economic growth while controlling for the degree of financial sector development, as well as for the regional and income disparities. Sixteen models that explore the impact of control variables integrated singly in the equations and an integrated model that controls for the impact of all key variables are estimated. Empirical results reveal a significant positive relationship between life insurance and economic growth in models -. Education is reported to have a positive impact on economic growth. Government spending is found to have a negative impact on economic growth, while model reports that inflation has a negative impact on economic growth. Trade openness is not reported to have a significant impact on economic growth in model. Model reveals a significant positive impact of banking sector on economic growth; significant negative impact of non-life insurance sector while stock market is not reported to have a significant impact. An integrated model that controls for the impact of all key variables gives a strong support to the results obtained in models -. Results of models - that attempt to control for the importance of regional disparities indicate that a significant positive relationship between life insurance and economic growth is reported for all regions but South Asia and North America. Models - that additionally control for differences in levels of development reveal a significant positive relationship between life insurance and economic growth in high-, middle- and low-income countries.

Author : J. David Cummins,Bertrand Venard
Publisher : Springer Science & Business Media
Page : 1000 pages
File Size : 50,5 Mb
Release : 2007-12-23
Category : Business & Economics
ISBN : 9780387341637

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Handbook of International Insurance by J. David Cummins,Bertrand Venard Pdf

Handbook of International Insurance: Between Global Dynamics and Local Contingencies analyzes key trends in the insurance industry in more than 15 important national insurance markets that represent over 90 percent of world insurance premiums. Well-known academics from Europe, the Americas and Asia examine their own national insurance markets, including the competitive structure, product and service innovations, and regulatory developments. The book provides academics and executives with an unprecedented range of information about today’s insurance markets. This book also provides important 'new' information on the evolution of the financial sector worldwide and comprehensive chapters on reinsurance, Lloyd’s of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization.

Author : Adam Smith
Publisher : Unknown
Page : 522 pages
File Size : 41,6 Mb
Release : 1822
Category : Economics
ISBN : UCAL:$B87540

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An Inquiry Into the Nature and Causes of the Wealth of Nations by Adam Smith Pdf

Author : Mr.Yan Carriere-Swallow,Mr.Vikram Haksar
Publisher : International Monetary Fund
Page : 50 pages
File Size : 43,8 Mb
Release : 2019-09-23
Category : Computers
ISBN : 9781513511436

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The Economics and Implications of Data by Mr.Yan Carriere-Swallow,Mr.Vikram Haksar Pdf

This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks.

Author : Institute of Medicine,Board on Health Care Services,Committee on the Consequences of Uninsurance
Publisher : National Academies Press
Page : 213 pages
File Size : 54,9 Mb
Release : 2002-06-20
Category : Medical
ISBN : 9780309083430

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Care Without Coverage by Institute of Medicine,Board on Health Care Services,Committee on the Consequences of Uninsurance Pdf

Many Americans believe that people who lack health insurance somehow get the care they really need. Care Without Coverage examines the real consequences for adults who lack health insurance. The study presents findings in the areas of prevention and screening, cancer, chronic illness, hospital-based care, and general health status. The committee looked at the consequences of being uninsured for people suffering from cancer, diabetes, HIV infection and AIDS, heart and kidney disease, mental illness, traumatic injuries, and heart attacks. It focused on the roughly 30 million-one in seven-working-age Americans without health insurance. This group does not include the population over 65 that is covered by Medicare or the nearly 10 million children who are uninsured in this country. The main findings of the report are that working-age Americans without health insurance are more likely to receive too little medical care and receive it too late; be sicker and die sooner; and receive poorer care when they are in the hospital, even for acute situations like a motor vehicle crash.

Author : Stephen Broadberry,Mark Harrison
Publisher : Cambridge University Press
Page : 363 pages
File Size : 49,7 Mb
Release : 2005-09-29
Category : History
ISBN : 9781139448352

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The Economics of World War I by Stephen Broadberry,Mark Harrison Pdf

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

Author : Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael
Publisher : International Monetary Fund
Page : 32 pages
File Size : 41,6 Mb
Release : 1995-12-01
Category : Business & Economics
ISBN : 9781451855753

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Growth in Sub-Saharan Africa by Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael Pdf

The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

Author : Craig Churchill
Publisher : Academic Foundation
Page : 688 pages
File Size : 45,6 Mb
Release : 2008
Category : Electronic
ISBN : 8171886701

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Protecting The Poor: A Microinsurance Compendium by Craig Churchill Pdf

Author : Mario Catalan,Gregorio Impavido,Alberto R. Musalem
Publisher : World Bank Publications
Page : 50 pages
File Size : 43,7 Mb
Release : 2000
Category : Ahorro contractual
ISBN : 8210379456XXX

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Contractual Savings Or Stock Market Development, which Leads? by Mario Catalan,Gregorio Impavido,Alberto R. Musalem Pdf

This paper argues that contractual savings (assets of pension funds and life insurance companies) contribute to stock market development.

Author : Dr.M. Subramanian,Dr.S. Pugalanthi,Dr.R. sivajothi,Dr.K.S Karthik Babu
Publisher : Archers & Elevators Publishing House
Page : 352 pages
File Size : 51,8 Mb
Release : 2024-06-20
Category : Antiques & Collectibles
ISBN : 9788119653997

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Strategic Issues in Contemporary Managerial Practices by Dr.M. Subramanian,Dr.S. Pugalanthi,Dr.R. sivajothi,Dr.K.S Karthik Babu Pdf