The Impact of culture on the demand for non-life insurance
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| Tag | 1 | 2 | Value |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20130005881 | ||
| 003 | MAP | ||
| 005 | 20130305100102.0 | ||
| 008 | 130219e20121105esp|||p |0|||b|spa d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a32 | ||
| 100 | 1 | $0MAPA20130002378$aPark, Sojung Carol | |
| 245 | 1 | 4 | $a The Impact of culture on the demand for non-life insurance$cSojung Carol Park, Jean Lemaire |
| 520 | $aRegression techniques are applied to an unbalanced panel data that includes 68 countries observed over a ten-year period, to explore the factors that affect non-life insurance demand across nations. While previous literature has discovered several significant economic, demographic, and institutional variables, little attention has been devoted to cultural dimensions. We find that non-life insurance consumption is adversely impacted in countries where a large fraction of the population has Islamic beliefs. Also highly significant are three of the cultural scores developed by Hofstede in a celebrated study: Power Distance, Individualism, and Uncertainty Avoidance. An important finding is that culture impacts non-life insurance more in affluent countries, with an adjusted R-square coefficient increasing by 11.7%, than in developing countries where the R-square coefficient increase due to cultural impacts is only 1.2%. These results have implications for multinational insurers seeking to enter a new market. Ceteris Paribus, these insurers should target countries, and population segments within these countries, that exhibit low Power Distance, and high Individualism and Uncertainty Avoidance scores. | ||
| 650 | 1 | $0MAPA20080573935$aSeguros no vida | |
| 650 | 1 | $0MAPA20080543624$aCultura | |
| 650 | 1 | $0MAPA20080597894$aPaíses desarrollados | |
| 650 | 1 | $0MAPA20080597900$aPaíses en desarrollo | |
| 650 | 1 | $0MAPA20080590567$aEmpresas de seguros | |
| 650 | 1 | $0MAPA20080611880$aPerspectivas del seguro | |
| 650 | 1 | $0MAPA20080601508$aEstudios estadísticos | |
| 650 | 1 | $0MAPA20080609382$aAnálisis socioeconómico | |
| 650 | 1 | $0MAPA20080572945$aMultinacionales | |
| 773 | 0 | $wMAP20077000420$tAstin bulletin$dBelgium : ASTIN and AFIR Sections of the International Actuarial Association$x0515-0361$g05/11/2012 Volumen 42 Número 2 - noviembre 2012 , p. 501-528 |