Demand for non-life insurance: Evidence from select insurance markets in Africa

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dc.contributor.advisorAlhassan, Abdul Latifen_ZA
dc.contributor.authorChitiyo, Fadzai Chitiyoen_ZA
dc.date.accessioned2018-02-07T12:12:17Z
dc.date.available2018-02-07T12:12:17Z
dc.date.issued2017en_ZA
dc.description.abstractThe impact of insurance market activity within financial development is gaining more attention in academia, as the sector experiences growth within emerging markets. This paper aims to understand which macro-economic and social variables impact the growth or decline of the non-life insurance sector broadly across Africa, with a view to provide recommendations to drive increased penetration across the region. The study examines the explanatory factors of non-life insurance demand in Africa, using annual data from 1990 to 2013 on 28 countries. Using Fixed Effects Panel Data Regression, the study finds that: levels of income, and unemployment rates have a significant negative impact on non-life insurance demand; whilst population growth rates, and the level of private sector credit (to GDP) positively impacted non-life insurance demand. Urbanisation rates, and levels of merchandise trade had statistically insignificant effects on non-life insurance demand. Since these variables only explained about 11 % of the variation in the dependent variable, the study suggests that further research into the cultural and institutional (ie. Legal / regulatory) dynamics is required to improve our understanding of what conditions would stimulate non-life insurance demand in future.en_ZA
dc.identifier.apacitationChitiyo, F. C. (2017). <i>Demand for non-life insurance: Evidence from select insurance markets in Africa</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/27402en_ZA
dc.identifier.chicagocitationChitiyo, Fadzai Chitiyo. <i>"Demand for non-life insurance: Evidence from select insurance markets in Africa."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2017. http://hdl.handle.net/11427/27402en_ZA
dc.identifier.citationChitiyo, F. 2017. Demand for non-life insurance: Evidence from select insurance markets in Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Chitiyo, Fadzai Chitiyo AB - The impact of insurance market activity within financial development is gaining more attention in academia, as the sector experiences growth within emerging markets. This paper aims to understand which macro-economic and social variables impact the growth or decline of the non-life insurance sector broadly across Africa, with a view to provide recommendations to drive increased penetration across the region. The study examines the explanatory factors of non-life insurance demand in Africa, using annual data from 1990 to 2013 on 28 countries. Using Fixed Effects Panel Data Regression, the study finds that: levels of income, and unemployment rates have a significant negative impact on non-life insurance demand; whilst population growth rates, and the level of private sector credit (to GDP) positively impacted non-life insurance demand. Urbanisation rates, and levels of merchandise trade had statistically insignificant effects on non-life insurance demand. Since these variables only explained about 11 % of the variation in the dependent variable, the study suggests that further research into the cultural and institutional (ie. Legal / regulatory) dynamics is required to improve our understanding of what conditions would stimulate non-life insurance demand in future. DA - 2017 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2017 T1 - Demand for non-life insurance: Evidence from select insurance markets in Africa TI - Demand for non-life insurance: Evidence from select insurance markets in Africa UR - http://hdl.handle.net/11427/27402 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/27402
dc.identifier.vancouvercitationChitiyo FC. Demand for non-life insurance: Evidence from select insurance markets in Africa. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2017 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/27402en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleDemand for non-life insurance: Evidence from select insurance markets in Africaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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