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...

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Main Authors:	Gine, Xavier, Ribeiro, Bernardo, Wrede, Peter
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	INSURANCE FINANCIAL MARKETS FINANCIAL INSTITUTIONS INSURANCE MARKETS
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

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recordtype	oai_dc
spelling	okr-10986-319972022-09-20T00:14:48Z Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development Gine, Xavier Ribeiro, Bernardo Wrede, Peter INSURANCE FINANCIAL MARKETS FINANCIAL INSTITUTIONS INSURANCE MARKETS 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. 2019-07-01T17:03:08Z 2019-07-01T17:03:08Z 2019-06 Working Paper 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 English Policy Research Working Paper;No. 8925 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	INSURANCE FINANCIAL MARKETS FINANCIAL INSTITUTIONS INSURANCE MARKETS
spellingShingle	INSURANCE FINANCIAL MARKETS FINANCIAL INSTITUTIONS INSURANCE MARKETS Gine, Xavier Ribeiro, Bernardo Wrede, Peter Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development
relation	Policy Research Working Paper;No. 8925
description	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.
format	Working Paper
author	Gine, Xavier Ribeiro, Bernardo Wrede, Peter
author_facet	Gine, Xavier Ribeiro, Bernardo Wrede, Peter
author_sort	Gine, Xavier
title	Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development
title_short	Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development
title_full	Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development
title_fullStr	Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development
title_full_unstemmed	Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development
title_sort	beyond the s-curve : insurance penetration, institutional quality and financial market development
publisher	World Bank, Washington, DC
publishDate	2019
url	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
_version_	1764475602534924288

Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development

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