SSRN-id1774419.pdf

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1、WPS5572PolicyResearchWorkingPaper5572PublicDisclosureAuthorizedWhatDrivestheDevelopmentoftheInsuranceSector?PublicDisclosureAuthorizedAnEmpiricalAnalysisBasedonaPanelofDevelopedandDevelopingCountriesErikFeyenRodneyLesterRobertoRochaPublicDisclosureAut

2、horizedTheWorldBankPublicDisclosureAuthorizedFinancialandPrivateSectorDevelopmentFinanceandPolicyUnitsFebruary2011PolicyResearchWorkingPaper5572AbstractTheinsurancesectorcanplayacriticalroleinfinancialexaminingthedeterminantsofinsurancepremiums(bothan

3、deconomicdevelopment.Byreducinguncertaintylifeandnon-lifepremiums)andtotalassetsforapanelandtheimpactoflargelosses,thesectorcanencourageofabout90countriesduringtheperiod2000-08.Thenewinvestments,innovation,andcompetition.Asresultsshowthatlifesectorpre

4、miumsaredrivenbyperfinancialintermediarieswithlonginvestmenthorizons,capitaincome,populationsizeanddensity,demographicinsurancecompaniescancontributetotheprovisionofstructures,incomedistribution,thesizeofthepubliclong-terminstrumentstofinancecorporate

5、investmentpensionsystem,stateownershipofinsurancecompanies,andhousing.Thereisevidenceofacausalrelationshiptheavailabilityofprivatecredit,andreligion.Thenon-betweeninsurancesectordevelopmentandeconomiclifesectorisaffectedbytheseandothervariables.Whileg

6、rowth.However,therehavebeenfewstudiesexaminingsomeofthesedriversarestructural,theresultsalsoshowthefactorsthatdrivethedevelopmentoftheinsurancethatthedevelopmentoftheinsurancesectorcanbeindustry.Thispapercontributestotheliteraturebyinfluencedbyanumber

7、ofpolicyvariables.ThispaperisaproductoftheFinanceandPolicyUnits,FinancialandPrivateSectorDevelopment.ItispartofalargereffortbytheWorldBanktoprovideopenaccesstoitsresearchandmakeacontributiontodevelopmentpolicydiscussionsaroundtheworld.PolicyResearchWo

8、rkingPapersarealsopostedontheWebathttp://econ.worldbank.org.Theauthormaybecontactedatrrocha@worldbank.org.ThePolicyResearchWorkingPaperSeriesdisseminatesthefindingsofworkinprogresstoencouragetheexchangeofideasaboutdevelopmentissues.Anobjective