<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The association of property liability insurance (PLI) consumption with economic growth in the post liberalized era has already been established justifying the need to analyze the economic factors which lead to PLI development. The empirical examination reveals that income and trade development have a positive relation with PLI consumption whereas negative relationship is obtained for interest rate movement and financial development. However, inconclusive relation is derived for infrastructure development and price of insurance. The findings will assist the policymakers, insurance regulator and insurance statutory body in stimulating PLI consumption by focusing on the identified economic factors and devise policies to support the growth in PLI sector.</p>
</abstract>

The association of property liability insurance (PLI) consumption with economic growth in the post liberalized era has already been established justifying the need to analyze the economic factors which lead to PLI development. The empirical examination reveals that income and trade development have a positive relation with PLI consumption whereas negative relationship is obtained for interest rate movement and financial development. However, inconclusive relation is derived for infrastructure development and price of insurance. The findings will assist the policymakers, insurance regulator and insurance statutory body in stimulating PLI consumption by focusing on the identified economic factors and devise policies to support the growth in PLI sector.

Role of Economic Factors in Property Liability Insurance Consumption: Empirically Examining the Indian Market

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The association of property liability insurance (PLI) consumption with economic growth in the post liberalized era has already been established justifying the...

Role of Economic Factors in Property Liability Insurance Consumption: Empirically Examining the Indian Market

Published Online: May 31, 2022

Page range: 112 - 129

DOI: https://doi.org/10.2478/sbe-2022-0008

Keywords
Property Liability Insurance, Economic factors, Time series, Economic growth, India

© 2022 Mukherjee Abhijit et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Role of Economic Factors in Property Liability Insurance Consumption: Empirically Examining the Indian Market

Published Online: May 31, 2022

Page range: 112 - 129

DOI: https://doi.org/10.2478/sbe-2022-0008

KeywordsProperty Liability Insurance, Economic factors, Time series, Economic growth, India

© 2022 Mukherjee Abhijit et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Property Liability Insurance, Economic factors, Time series, Economic growth, India