This paper examines the determinants of foreign participation in life insurance markets across 24 OECD countries during the period 1993–2000. The empirical results show that socio-economic and market structure factors influence foreign participation in life insurance markets. More...

This paper investigates the relationship between insurance development and economic growth by employing GMM models on a dynamic panel data set of 77 economies for the period 1994–2005. Insurance density is used to measure the development of insurance. Controlled by a simple conditioning...

In this paper, we propose to use insurance stock returns as an indicator of insurance activities, and apply a dynamic panel technique to examine the link between the role of insurance and economic growth. Our empirical results show that after we control for the variations of market index...