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Information asymmetry and insurance in Africa

Simplice Asongu () and Nicholas Odhiambo ()

No 26639, Working Papers from University of South Africa, Department of Economics

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)
Date: 2020-01
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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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