Since 2014
Determinants of the Demand for Life Insurance Evidence from Jordan
Journal Transition Studies Review
View Archive Info| Field | Value | |
| Title |
Determinants of the Demand for Life Insurance Evidence from Jordan
|
|
| Creator |
Daradkah, Demeh
|
|
| Subject |
Jordan; Life Insurance demand; Insurance Density; Time Series
|
|
| Description |
This study investigates the relationship between the demand for life insurance measured by annual life insurance premiums and insurance density and some economic and demographic variables in Jordan during 1970 and 2012, using Ordinary Least Square (OLS) estimation. We find evidence that the demand for life insurance products is influenced by increase in income level and urbanization, suggesting that the life insurance industry can be well developed in lower-middle income country.In addition, the demand for life insurance in Jordan increases during inflationary period because, the average economic growth rates was higher than the average level of inflation rates during the period under study. However, the study found no evidence of young dependency on the demand for life insurance in Jordan, sug- gesting increasing the attention on products to protect against morality risk. Future research is recommended in this area for Jordan including other economic and demographic variables and investigating the supply side of life insurance in Jordan.
|
|
| Publisher |
Journal Transition Studies Review
|
|
| Date |
2015-01-04
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
|
| Format |
application/pdf
|
|
| Identifier |
http://transitionacademiapress.org/jtsr/article/view/42
10.14665/1614-4007-21-1-008 |
|
| Source |
Journal Transition Studies Review; Vol 21, No 1 (2014); 133-144
1614-4015 1614-4007 |
|
| Language |
eng
|
|
| Relation |
http://transitionacademiapress.org/jtsr/article/view/42/20
|
|
| Rights |
Copyright (c) 2015 Journal Transition Studies Review
|
|