Information Asymmetry and Insurance in Africa

Simplice Asongu and Nicholas Odhiambo

Journal of African Business, 2021, vol. 22, issue 3, 394-410

Abstract: In this study, we assess the relevance of decreasing information asymmetry on life and non-life insurance consumption, by using data from 48 African countries during the period 2004–2014. Reduced information asymmetry is proxied by information sharing offices, namely: public credit registries and private credit bureaus. The empirical evidence is based on the Generalized Method of Moments. The findings show that information sharing offices increase insurance consumption with a comparatively higher magnitude in life insurance penetration, relative to non-life insurance penetration. Practical and theoretical implications are discussed.

Date: 2021
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Related works:
Working Paper: Information Asymmetry and Insurance in Africa (2020)
Working Paper: Information Asymmetry and Insurance in Africa (2020)
Working Paper: Information Asymmetry and Insurance in Africa (2020)
Working Paper: Information Asymmetry and Insurance in Africa (2020)
Working Paper: Information asymmetry and insurance in Africa (2020)
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DOI: 10.1080/15228916.2020.1812980

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