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Insurance consumption in the Maghreb countries (Algeria, Morocco and Tunisia): Financial and institutional determinants

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  • Dalila BENZIANE

    (University of Bejaia, Algeria)

  • Qasim SHAH

    (International Islamic University, Pakistan)

Abstract

This article seeks to examine the determinants of insurance consumption in the Maghreb countries (Algeria, Morocco and Tunisia) over the period 1996-2017. We focused mainly on financial and institutional determinants. The main results show that only the level of financial development measured by M2/GDP has a negative impact on the insurance markets. However, we have demonstrated the positive effect of GDP/cap on insurance development in the study countries.

Suggested Citation

  • Dalila BENZIANE & Qasim SHAH, 2019. "Insurance consumption in the Maghreb countries (Algeria, Morocco and Tunisia): Financial and institutional determinants," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(620), A), pages 193-204, Autumn.
    • Handle: RePEc:agr:journl:v:xxvi:y:2019:i:3(620):p:193-204
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    References listed on IDEAS

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    6. Pei‐Fen Chen & Chien‐Chiang Lee & Chi‐Feng Lee, 2012. "How does the development of the life insurance market affect economic growth? Some international evidence," Journal of International Development, John Wiley & Sons, Ltd., vol. 24(7), pages 865-893, October.
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    Cited by:

    1. Chimuka Leo Haamukwanza, 2021. "To insure or not to insure—the role that government and insurance practice should play: a thematic comparison of the urban poor and the workers in the pensions and insurance industry," SN Business & Economics, Springer, vol. 1(9), pages 1-20, September.

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