Factors Determining the Purchase of Insurance Products

Jańska Anna () and Kędra Arleta ()
Additional contact information
Jańska Anna: Maria Curie-Sklodowska University, Lublin, Poland
Kędra Arleta: Maria Curie-Sklodowska University, Lublin, Poland

Econometrics. Advances in Applied Data Analysis, 2019, vol. 23, issue 1, 19-28

Abstract: This paper centres to the presentation of analyzed potential relations between the determinants of purchasing decisions regarding insurance products and socio-demographic variables, i.e. age, gender, place of residence, income, occupational status, and number of people in the household. The authors also examined whether making financial decisions in a household determines purchasing decisions concerning insurance products. The main hypothesis is: from the perspective of an elderly customer, inherent features of an analyzed insurance product are more vital than aspects regarding the sales process. The analysis was conducted using the ordered logit model, where factors determining purchases of insurance products were used as dependent variables.

Keywords: insurance; ordered logit model; customers’ preferences; purchase decisions (search for similar items in EconPapers)
JEL-codes: A10 C01 C58 C59 G00 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.15611/eada.2019.1.02 (text/html)

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:vrs:eaiada:v:23:y:2019:i:1:p:19-28:n:2

DOI: 10.15611/eada.2019.1.02

Access Statistics for this article

Econometrics. Advances in Applied Data Analysis is currently edited by Józef Dziechciarz

More articles in Econometrics. Advances in Applied Data Analysis from Sciendo
Bibliographic data for series maintained by Peter Golla ().