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Development of the Life Insurance Market in Albania

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  • Assoc. Prof.Dr Filloreta Madani

    (University of Vlora “Ismail Qemali†, Faculty of Economy)

  • Assoc. Prof.Dr Evelina Bazini

Abstract

Life insurances occupy a small part in the insurance market in developing countries. The new age of the insurance industry and the level of the economic development in Albania make the life insurance market even more fragile. Factors affecting the development of this market are influenced by the economic growth and by other factors such as inflation, education of population, population growth, government policies, private investment, etc. In this article we will analyze using statistical methods the degree of the impact of the above factors in the life insurance market and we will also analyze through penetration coefficients the impact of the life insurance industry in Albania's economic development.

Suggested Citation

  • Assoc. Prof.Dr Filloreta Madani & Assoc. Prof.Dr Evelina Bazini, 2017. "Development of the Life Insurance Market in Albania," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, ejes_v3_i.
    • Handle: RePEc:eur:ejesjr:130
    DOI: 10.26417/ejes.v8i1.p38-47
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    1. Kwabena A. Anaman & Rose Aminah Ismail, 2002. "Cross-Border Tourism From Brunei Darussalam To Eastern Malaysia: An Empirical Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 47(01), pages 65-87.
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