Socio-Economic, Demographic and Institutional Variables¡¯ Impact on the Development of Life Insurance in Sub-Saharan Africa and Madagascar

Momar Sylla Dieng and Mouhamadou Fall

International Journal of Economics and Finance, 2017, vol. 9, issue 1, 10-19

Abstract: This study empirically analyzes the Socio-economic, Demographic and Institutional Variables¡¯ Impact on the Development of Life Insurance in Sub-Saharan Africa and Madagascar taking into account the Socio-economic and the Cultural structures of the set of countries. A mixed effect panel model is used to estimate the relationship between these variables and life insurance provisions, life insurance density and life insurance premium. covering the period 2000-2013, we found that financial development and urbanization are the only variables significantly related to all the variables of interest.

Keywords: life insurance; socio-economic and cultural structures; mixed effect panel model; Sub-Saharan Africa and Madagascar (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:9:y:2017:i:1:p:10-19

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