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Information Asymmetry and Insurance in Africa

Simplice Asongu () and Nicholas Odhiambo ()

No 20/057, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

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 Generalised 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.

Keywords: Insurance; Information Asymmetry (search for similar items in EconPapers)
JEL-codes: I30 G20 G22 O16 O55 (search for similar items in EconPapers)
Pages: 24
Date: 2020-01
New Economics Papers: this item is included in nep-ias
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Forthcoming: Journal of African Business

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http://www.afridev.org/RePEc/agd/agd-wpaper/Inform ... urance-in-Africa.pdf Revised version, 2020 (application/pdf)

Related works:
Working Paper: Information Asymmetry and Insurance in Africa (2020) Downloads
Working Paper: Information Asymmetry and Insurance in Africa (2020) Downloads
Working Paper: Information asymmetry and insurance in Africa (2020) Downloads
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