Impact analysis of macro-economic factors on non-life insurance sector in India

被引：0

作者：

Chakraborty, Abhijit ^{[1
]}

Das, Ashim Kr ^{[1
]}

机构：

[1] Natl Inst Technol Silchar, Dept Management Studies, Silchar 788010, Assam, India

来源：

INTERNATIONAL JOURNAL OF FINANCIAL ENGINEERING | 2022年 / 09卷 / 03期

关键词：

Non-life insurance; macro-economic factors; growth of insurance sector; economic development; PROMOTE ECONOMIC-GROWTH; DETERMINANTS; DEMAND; PREMIUMS; MARKETS;

D O I：

10.1142/S2424786322500116

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The development of global economy has pushed up the importance of insurance industry in the growth of an economy. This paper intends to study the non-life insurance sector with an objective to identify the macro-economic factors that influence its growth. Time series data of 37 years is considered using Johansen & Engle Granger Cointegration and Ordinary Least Square method. It was found that Final Consumption Expenditure plays a negatively significant role in influencing non-life insurance sector in India. The practical implication of this study lies in controlling the responsible factors through appropriate policy measures to ensure a sustainable growth of the non-life Insurance sector.

引用

页数：24

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