Foreign Participation in Life Insurance Markets: Evidence from OECD Countries

Dezhu Ye, Donghui Li, Zhian Chen, Fariborz Moshirian and Timothy Wee
Additional contact information
Dezhu Ye: [1] aDepartment of Finance, Jinan University, Guangzhou 510632, China[2] cResearch Institute of Finance, Jinan University, Guangzhou 510632, China
Donghui Li: School of Banking and Finance, University of New South Wales, Sydney, NSW 2052, Australia
Zhian Chen: Department of Finance, Jinan University, Guangzhou 510632, China
Fariborz Moshirian: Department of Finance, Jinan University, Guangzhou 510632, China
Timothy Wee: Equity Capital Markets, Citigroup Global Markets Asia Ltd, Hong Kong SAR

The Geneva Papers on Risk and Insurance - Issues and Practice, 2009, vol. 34, issue 3, 466-482

Abstract: This paper examines the determinants of foreign participation in life insurance markets across 24 OECD countries during the period 1993–2000. The empirical results show that socio-economic and market structure factors influence foreign participation in life insurance markets. More specifically, life expectancy, foreign market share, income, dependency ratio, financial development, level of competition, economic growth and market liberalisation have positive impacts, whereas expense/combined ratios and social security expenditure have negative impacts on foreign participation in life insurance markets. In addition, governance/legal indicators (common law, political stability, government effectiveness, regulatory quality, the rule of law and control of corruption) all show positive impacts on foreign participation in life insurance markets. The Geneva Papers (2009) 34, 466–482. doi:10.1057/gpp.2009.9

Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.palgrave-journals.com/gpp/journal/v34/n3/pdf/gpp20099a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/gpp/journal/v34/n3/full/gpp20099a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:34:y:2009:i:3:p:466-482

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().