The Relationship Between Insurance and Economic Growth

Zekai Senol, Fatma Zeren and Mehmet Canakci

Montenegrin Journal of Economics, 2020, vol. 16, issue 4, 145-155

Abstract: Insurance business has several important functions within the economic structure such as providing insurance through the premiums collected by the insurance companies against the risks for the economic structure, managing these premiums collected through using the financial institutional role, risk management and transfer of the premiums into productive areas. While continuing on its activities, insurance business also enhances the economic development. In this study, a research on the relationship between insurance business and economic growth was conducted by using the data from 36 countries from the period between the years 1985- 2018.

Date: 2020
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