The relationship between insurance growth and economic development - 80 empirical papers for a review of the literature

Abstract

The objective is to examine the determinants of the relationship between insurance growth and economic development. This paper contributes to this body of research by providing an extensive literature review of empirical studies that have looked at both sides of the relationship, i.e. the demand side (economic growth is an explanatory variable among other factors that affect the demand) and the development side (insurance is a determinant of growth).Insurance demand, financial development¸ economic growth.