1. bookVolume 17 (2022): Edizione 1 (April 2022)
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eISSN
2344-5416
Prima pubblicazione
06 Mar 2015
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3 volte all'anno
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access type Accesso libero

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

Pubblicato online: 31 May 2022
Volume & Edizione: Volume 17 (2022) - Edizione 1 (April 2022)
Pagine: 112 - 129
Dettagli della rivista
License
Formato
Rivista
eISSN
2344-5416
Prima pubblicazione
06 Mar 2015
Frequenza di pubblicazione
3 volte all'anno
Lingue
Inglese
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.

Keywords

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