Investigating the role of political, economic and financial risk regimes in life insurance demand

Asayesh, H.; Jalili, S.P.

doi:10.22056/ijir.2021.01.01

Document Type : Original Research Paper

Authors

H. Asayesh ¹
S.P. Jalili ²

¹ Department of Economics, Faculty of Literature and Humanities, Ayatollah Boroujerdi University, Boroujerd, Iran

² Department of Educational Sciences, Faculty of Letters and Humanities, Hakim Sabzevari University, Sabzevar, Iran

https://doi.org/10.22056/ijir.2021.01.01

Abstract

CONCLUSION: The results of the three models estimation showed that real interest rate does not have a significant effect, which can be due to underdevelopment of financial market, interference in the money market and banking system, and the determination of interest rate in the selected countries. In a less risky rigim, life insurance demand sensebility is lower in inflation rate and life insurance is recognized as an asset with long-term returns. Per capita real GDP and life expectancy rate also have a threshold effect on all three different logit transfer functions. In a less risky political and financial regime, the life insurance demand is more sensitive to urbanization rate. School enrolement rate in a less risky rigim also has a greater impact on life insurance demand.

Keywords

Main Subjects

financial markets

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Iranian Journal of Insurance Research

Investigating the role of political, economic and financial risk regimes in life insurance demand

References

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Letters to Editor

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Volume 10, Issue 1 - Serial Number 35
January 2021
Pages 1-14

Investigating the role of political, economic and financial risk regimes in life insurance demand

References

References

Letters to Editor

Send comment about this article

Volume 10, Issue 1 - Serial Number 35January 2021Pages 1-14

Volume 10, Issue 1 - Serial Number 35
January 2021
Pages 1-14