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A Real Map Of European Life Insurance Market – A Spatial Approach

Author

Listed:
  • Gabriel ARMEAN

    (BABES-BOLYAI UNIVERSITY CLUJ-NAPOCA, ROMANIA)

  • Gabriela-Mihaela MURESAN

    (BABES-BOLYAI UNIVERSITY CLUJ-NAPOCA, ROMANIA)

Abstract

The purpose of the current paper is to emphasize the evolution of life insurance market. In order to capture a real picture a common proxy for insurance development was covering data from the twenty-eight European Union members. Starting the present analysis from the idea that the effects of the financial crisis were strongly felt in this market, the authors chose two different and representative years to show that countries such as Lithuania and Portugal have made the greatest progress, while the lowest values are recorded for Bulgaria, Croatia and Romania. Moreover, using techniques specific to the spatial statistics, the maps of findings support all investors to understand the similarities and differences between countries in terms of market penetration.

Suggested Citation

  • Gabriel ARMEAN & Gabriela-Mihaela MURESAN, 2017. "A Real Map Of European Life Insurance Market – A Spatial Approach," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 15-22, October.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:5:p:15-22
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    References listed on IDEAS

    as
    1. 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.
    2. Park, H. & Borde, S. F. & Choi, Y., 2002. "Determinants of insurance pervasiveness: a cross-national analysis," International Business Review, Elsevier, vol. 11(1), pages 79-96, February.
    3. Gabriel Armean & Gabriela-Mihaela Muresan, 2017. "Insurance Market Development Before And After The Financial Crisis In The Context Of Ethics And Corruption," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 191-198, February.
    4. Cem Ertur & James Lesage, 2006. "Local versus global convergence in Europe : a bayesian spatial econometric approach," Post-Print hal-00485025, HAL.
    5. repec:rre:publsh:v:37:y:2007:i:1:p:82-108 is not listed on IDEAS
    6. D.O. Olayungbo & A.E. Akinlo, 2016. "Insurance penetration and economic growth in Africa: Dynamic effects analysis using Bayesian TVP-VAR approach," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1150390-115, December.
    Full references (including those not matched with items on IDEAS)

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