On the Determinants of Life and Non-Life Insurance Premiums
On the Determinants of Life and Non-Life Insurance Premiums Martin Hodula, Jan Janků, Martin Časta, Adam Kučera This paper tests potential determinants of the development of the insurance sector. Using a rich dataset for 24 European countries spanning two decades, we identify a set of macro-financial factors that are the most robust predictors of growth of gross premiums in the life and non-life insurance sectors. We show that both life and non-life premiums co-move with the business cycle and are positively related to higher savings and a more developed financial system. In addition, we p...
Source: cnb.cz