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Determinants of Life Insurance Penetration in SADC
This study aims to investigate variables that impact on life insurance consumption in 15 Southern African Development Community member states, using panel data for the period 1995 to 2013. The macroeconomic and demographic variables employed in the research are income, inflation, financial developme...
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| Format: | Thesis |
| Language: | English |
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Graduate School of Business (GSB)
2018
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| _version_ | 1867614156902891520 |
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| access_status_str | Open Access |
| author | Nkotsoe, Leonard Motseakgosi |
| author2 | Alhassan, Abdul Latif |
| author_browse | Alhassan, Abdul Latif Nkotsoe, Leonard Motseakgosi |
| author_facet | Alhassan, Abdul Latif Nkotsoe, Leonard Motseakgosi |
| author_sort | Nkotsoe, Leonard Motseakgosi |
| collection | Thesis |
| description | This study aims to investigate variables that impact on life insurance consumption in 15 Southern African Development Community member states, using panel data for the period 1995 to 2013. The macroeconomic and demographic variables employed in the research are income, inflation, financial development, urbanisation, education, health expenditure, age dependency, life expectancy, institutional quality (independent variables), and life insurance penetration (dependent variable) in Southern African Development Community member states. The study employed the fixed effects and system general methods of moments techniques to estimate the panel data. From the findings, it is concluded that the demand for life insurance varies for each model. Generally, fixed effects estimations reveal different outcomes for each model; variables such as inflation, health expenditure, age dependency, and voice accountability, are significant in explaining life insurance consumption in the Southern African Development Community region. The system general methods of moments estimator results uncover different outcomes: variables such as lag of life insurance penetration, health expenditure, age dependency, corruption control, and regulatory quality, are significant in explaining life insurance consumption. In general, the study concludes that there are positive/negative and significant/non-significant relationships amongst variables for demand of life insurance. The study then makes policy recommendations, that Southern African Development Community countries should advance the variables that influence the demand for life insurance, and that policies for the protection of life insurance growth should be developed to grow a healthy insurance sector. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/28395 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:47:34.395Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | Graduate School of Business (GSB) |
| publisherStr | Graduate School of Business (GSB) |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/28395 Determinants of Life Insurance Penetration in SADC Nkotsoe, Leonard Motseakgosi Alhassan, Abdul Latif life insurance SADC This study aims to investigate variables that impact on life insurance consumption in 15 Southern African Development Community member states, using panel data for the period 1995 to 2013. The macroeconomic and demographic variables employed in the research are income, inflation, financial development, urbanisation, education, health expenditure, age dependency, life expectancy, institutional quality (independent variables), and life insurance penetration (dependent variable) in Southern African Development Community member states. The study employed the fixed effects and system general methods of moments techniques to estimate the panel data. From the findings, it is concluded that the demand for life insurance varies for each model. Generally, fixed effects estimations reveal different outcomes for each model; variables such as inflation, health expenditure, age dependency, and voice accountability, are significant in explaining life insurance consumption in the Southern African Development Community region. The system general methods of moments estimator results uncover different outcomes: variables such as lag of life insurance penetration, health expenditure, age dependency, corruption control, and regulatory quality, are significant in explaining life insurance consumption. In general, the study concludes that there are positive/negative and significant/non-significant relationships amongst variables for demand of life insurance. The study then makes policy recommendations, that Southern African Development Community countries should advance the variables that influence the demand for life insurance, and that policies for the protection of life insurance growth should be developed to grow a healthy insurance sector. 2018-09-06T12:00:22Z 2018-09-06T12:00:22Z 2018 2018-09-03T06:33:32Z Master Thesis Masters MCom http://hdl.handle.net/11427/28395 eng application/pdf Graduate School of Business (GSB) Faculty of Commerce University of Cape Town |
| spellingShingle | life insurance SADC Nkotsoe, Leonard Motseakgosi Determinants of Life Insurance Penetration in SADC |
| thesis_degree_str | Master's |
| title | Determinants of Life Insurance Penetration in SADC |
| title_full | Determinants of Life Insurance Penetration in SADC |
| title_fullStr | Determinants of Life Insurance Penetration in SADC |
| title_full_unstemmed | Determinants of Life Insurance Penetration in SADC |
| title_short | Determinants of Life Insurance Penetration in SADC |
| title_sort | determinants of life insurance penetration in sadc |
| topic | life insurance SADC |
| url | http://hdl.handle.net/11427/28395 |
| work_keys_str_mv | AT nkotsoeleonardmotseakgosi determinantsoflifeinsurancepenetrationinsadc |