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Swiss Re

By Carsten-henning Schlag and Jel-classification C


The "life insurance " product is in constant competition with alternative forms of investment to attract the savings of private households. The study gives an overview of the theoretical concepts that have been elaborated to explain the demand for life insurance and to provide empirical evidence of various factors that determine life insurance demand. The macroeconometric studies available show that a combination of demographic, macroeconomic and socio-psychological factors is capable of significantly explaining life insurance demand both in an international cross-section and also over time. We also discuss various methodological approaches under-lying the aforesaid empirical analyses. It should be noted that the econometric methods used in the literature are not always state-of-the-art in terms of modern research methodology. We highlight the need for further research in this field

Topics: Key words, Life insurance demand, consumption theories, regression analysis, tax incentives, profitability Dr. Carsten-Henning Schlag
Year: 2003
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