This paper argues that the study of the demand for financial services in developing countries leaves out part of the story if it looks at only one of the three elements of the so-called finance trinity - that is, savings products, loans and insurance - as is largely done in the literature. In...

"China's Emerging Financial Markets is necessary reading for those who seek to understand the strategic direction of this key industry, as well as those who wonder what role China will play in the current global economic crisis."--BOOK JACKET

This paper provides new evidence of factors, other than GDP per capita, that correlate with the development of insurance markets. Based on 20 years of insurance premium data from 180 countries, and a similar wealth of data on institutions and financial market development, the paper presents...