Life insurance demand ın Bosnia and Herzegovina: statistical analysis
Yükleniyor...
Dosyalar
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The focus of this research is to examine the impact of socio-demographic determinants and income on
demand for life insurance in Bosnia and Herzegovina (B&H). Proxy variable of life insurance demand is the
annual life insurance premium per capita in B&H. Socio-demographic determinants that are analyzed are:
gender, marital status, educational level, age, employment status and number of family members.
Questionnaire consists of 13 questions. Number of respondents after eliminating missing data is 120. Since
the distribution of dependent variable deviates from normal, non-parametric tests are considered
appropriate. Seven hypotheses are tested. Results indicate that annual life insurance premium per capita in
B&H does not depend on gender and there are significant differences between married and single
respondents in life insurance premium that they pay on annual basis. Results also show that the increase in
income increases the life insurance demand and the significant impact of educational level. As a concluding
remark actuaries and life insurance companies should pay much attention to: marital status, educational level
and income while creating life insurance policies. Hence, this research can serve as a useful insight for
actuaries to easily charge life insurance products and to support life insurance development strategy in B&H.
Açıklama
Anahtar Kelimeler
Actuaries, Life insurance demand, Non-parametric tests, Socio-demographic determinants
Kaynak
Kapadokya Akademik Bakış
WoS Q Değeri
Scopus Q Değeri
Cilt
2
Sayı
2
Künye
Satrovic, Elma.(2019).Life insurance demand ın Bosnia and Herzegovina: statistical analysis.Kapadokya Akademik Bakış,2(2),141-165.
