Insurance Market development and
Economic growth indicators:
the study of Relationship in the
world
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1. Introduction
2. Problematic
3. Methods
4. Results
5. Discussion and conclusion
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1. Introduction
Insurance market Is a crucial component which Is
correlated to other components of country’s Economy.
It plays a significant role in promoting economic stability
and growth.
however there are some researches which indicate the
absence of this correlation between insurance development
and Economy growth.
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2. Problematic
The purpose of this article by the authors Is to answer
this question :
Is there a relation between insurance development
and economic growth?
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3. Methods
The authors used a set of data on insurance
development and Economy growth to conduct the
relation between this two variables .
The sample used in this study composed of 134
countries which represent 90% of global GDP.
They used a variety of analysis techniques;
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Literature review Statistical analysis Comparative analysis
the authors the authors used for to study this relation,
developed their this analysis the the authors compared
theory by some panel regression the development of
researches on the insurance market and
development of Economy growth
insurance industry indicators across
and economic growth different countries.
around the world.
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The authors used for their researches a variety of measures for their
variables
Economy growth indicators
Market development measures
• insurance penetration ; the %
of people with insurance
• the insurance premium paid • GDP growth
• number of insurance
companies • inflation
• unemployment
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4. Results
We can resume that the main results of this article proved by the
authors are:
• a (+) and significant relation between the indicators of insurance
development and economy growth in national economies .
• the level of insurance development is higher in developed countries
than developing countries .
• the presence of different types of grouped countries where the
authors finds that countries with more developed insurance have
higher rates of Economy growth.
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5. Discussion and conclusion
The empirical results by the authors prove the direct relation between our variables
insurance development and economy growth which is consistent with others articles
researches indicates the same relation.
The results of this article highlight the importance of insurance market development
for economic growth. Governments should put in place policies to promote the
development of the insurance market, in order to stimulate economic growth and
create jobs.
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Thank you for
your attention
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