cover_economic-modelling_01.jpg

Cross-country Evidence on the Relationship between Regulations and the Development of the Life Insurance Sector

Using a global sample, this study sketches the impact of insurance regulations on the life insurance sector, revealing a significant negative association between supervisory control on policy conditions of life annuities as well as pension products and the development of the industry. A similar inverse relation is observed between the index of capital requirements and insurance development. These results hold when we control for demographic factors, economic factors, religious inclination, culture, as well as for other relevant regulations. We also find some evidence that while the overall supervisory power does not matter, the ability to intervene at an early stage could have a positive effect on insurance development. Additionally, the impact of some regulations appears to differ between advanced and developing countries.

15. July 2020

Authors Chrysovalantis Gaganis Iftekhar Hasan Fotios Pasiouras

Whom to contact

For Researchers

Professor Iftekhar Hasan, PhD
Professor Iftekhar Hasan, PhD
Economist

If you have any further questions please contact me.

Request per E-Mail

For Journalists

Mitglied der Leibniz-Gemeinschaft LogoTotal-Equality-LogoSupported by the BMWK