Foreign Share, Insurance Density, and Penetration: An Analysis of the International Life Insurance Market

21 Pages Posted: 9 Apr 2012

See all articles by Yu-Luen Ma

Yu-Luen Ma

Illinois State University - Katie Insurance School

Nat Pope

Illinois State University

Date Written: Fall 2008

Abstract

Recent trends toward liberalization and deregulation have sparked significant interest in the topic of international insurers' participation in foreign markets. This research develops a profile of foreign national market characteristics that attract international life insurer participation and additionally, empirically assesses the value that international participation has to the host market. Characteristics that are found to be statistically significant with respect to international participation include high levels of trade liberalization and/or low insurer market share concentration, high levels of national wealth, and high levels of government expenditure on social security retirement benefits. With respect to the benefits such participation provides, we see that the presence of international life insurers share positive relationships with both life insurance consumption and the magnitude of the role life insurance plays within the broader national economy of those host markets.

Suggested Citation

Ma, Yu-Luen and Pope, Nat, Foreign Share, Insurance Density, and Penetration: An Analysis of the International Life Insurance Market (Fall 2008). Risk Management and Insurance Review, Vol. 11, Issue 2, pp. 327-347, 2008, Available at SSRN: https://ssrn.com/abstract=2036143 or http://dx.doi.org/10.1111/j.1540-6296.2008.00143.x

Yu-Luen Ma (Contact Author)

Illinois State University - Katie Insurance School ( email )

Normal, IL 61790
United States

Nat Pope

Illinois State University ( email )

Normal, IL 61761
United States

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