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Natural disasters, political risk and insurance market development

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
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001  MAP20130022895
003  MAP
005  20130920150000.0
008  130725e20130701esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎328.1
1001 ‎$0‎MAPA20130009889‎$a‎Chang, Chun Ping
24510‎$a‎Natural disasters, political risk and insurance market development‎$c‎Chun Ping Chang, Aziz N Berdiev
520  ‎$a‎We examine the relationship between natural disasters, political risk and insurance market development in a panel of 39 countries over the period 1984-2009 using a dynamic panel two-step system generalised method of moments model. We provide evidence that the incidences of natural disasters and deaths caused by natural disasters lead to greater total insurance, as well as life insurance and non-life insurance consumption. We also find that countries with lower levels of political risk experience higher insurance consumption. The incidences of natural disasters and deaths attributable to natural disasters contribute to insurance market development under the tenure of a government with lower levels of political risk. We therefore emphasise that natural disasters, political risk and their interaction effects are important determinants of insurance market development.
650 4‎$0‎MAPA20080590291‎$a‎Desastres naturales
650 4‎$0‎MAPA20080573683‎$a‎Riesgo político
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080600204‎$a‎Catástrofes naturales
650 4‎$0‎MAPA20080629755‎$a‎Seguro de riesgos extraordinarios
7001 ‎$0‎MAPA20130012506‎$a‎Berdiev, Aziz N.
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/07/2013 Volumen 38 Número 3 - julio 2013 , p. 406-448