The objective of this article is to propose a review of 85 empirical papers examining the
relationships between insurance and economic development, that is, the insurance‐growth …

The expected utility hypothesis has been widely used in the construction of economic
models and numerous difficulties are encountered in attempting to take into account …

Life insurance has become an increasingly important part of the financial sector over the
past 40 years, providing a range of financial services for consumers and becoming a major …

This article examines the short-and long-run dynamic relationships exhibited between
economic growth and growth in the insurance industry for nine OECD countries. This is …

Insurance market activity may contribute to economic growth, both as financial intermediary
and provider of risk transfer and indemnification, by allowing different risks to be managed …

The role of insurance companies, although growing in importance in financial
intermediation, has received less attention than bank and stock markets and if so, mainly as …

Determinants of risk attitudes of individuals are of great interest in the growing area of
behavioral economics that focuses on the individual attributes, psychological or otherwise …

This article examines the importance of legal rights and enforcement in influencing property‐
casualty insurance (PCI) consumption. We extend the existing literature by examining the …

Sažetak Urbanisation, incomes and their distributions, and the population degree of
education are relevant factors for the development of insurance sector. This study estimates …

This article acts as a review and also a guide to policymakers who are interested in
understanding the determinants of insurance demand and how it affects general economic …