Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development
This paper provides new evidence of factors, other than GDP per capita, that correlate with the development of insurance markets. Based on 20 years of insurance premium data from 180 countries, and a similar wealth of data on institutions and finan...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/272881561663514250/Beyond-the-S-curve-Insurance-Penetration-Institutional-Quality-and-Financial-Market-Development http://hdl.handle.net/10986/31997 |
| Summary: | This paper provides new evidence of
factors, other than GDP per capita, that correlate with the
development of insurance markets. Based on 20 years of
insurance premium data from 180 countries, and a similar
wealth of data on institutions and financial market
development, the paper presents important correlates of
insurance market development. Although the analysis cannot
identify which factors directly cause insurance market
growth, the results suggest that interventions aimed at
stimulating insurance supply and demand should take enabling
factors, such as the quality of institutional governance and
the degree of financial market development, into consideration. |
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