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Development of the Life Insurance Market in Albania

Author

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  • Assoc. Prof.Dr Filloreta Madani

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

  • Bazini Evelina

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 & Bazini Evelina, 2021. "Development of the Life Insurance Market in Albania," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, May - Aug.
    • Handle: RePEc:eur:ejesjr:98
    DOI: 10.26417/ejes.v8i1.p38-47
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    References listed on IDEAS

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    Cited by:

    1. Norris, Pippa, 2016. "Why American Elections Are Flawed (and How to Fix Them)," Working Paper Series 16-038, Harvard University, John F. Kennedy School of Government.

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