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Stimulating the Demand for Insurance

Authors

  • Stephanie Hussels,

    1. Stephanie Hussels and Damian Ward are with the Bradford University School of Management, Emm Lane, Bradford BD9 4JL UK; phone: +44 (0) 1274 233194; fax: +44 (0) 1274 546866; e-mail: D.R.Ward@Bradford.ac.uk. Ralf Zurbruegg is with the School of Commerce, University of Adelaide, Australia. The authors would like to thank the editors and two anonymous referees for their insightful and detailed suggestions, which have helped to improve this article immensely. This article was subject to anonymous peer review.
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  • Damian Ward,

    1. Stephanie Hussels and Damian Ward are with the Bradford University School of Management, Emm Lane, Bradford BD9 4JL UK; phone: +44 (0) 1274 233194; fax: +44 (0) 1274 546866; e-mail: D.R.Ward@Bradford.ac.uk. Ralf Zurbruegg is with the School of Commerce, University of Adelaide, Australia. The authors would like to thank the editors and two anonymous referees for their insightful and detailed suggestions, which have helped to improve this article immensely. This article was subject to anonymous peer review.
    Search for more papers by this author
  • Ralf Zurbruegg

    1. Stephanie Hussels and Damian Ward are with the Bradford University School of Management, Emm Lane, Bradford BD9 4JL UK; phone: +44 (0) 1274 233194; fax: +44 (0) 1274 546866; e-mail: D.R.Ward@Bradford.ac.uk. Ralf Zurbruegg is with the School of Commerce, University of Adelaide, Australia. The authors would like to thank the editors and two anonymous referees for their insightful and detailed suggestions, which have helped to improve this article immensely. This article was subject to anonymous peer review.
    Search for more papers by this author

Abstract

This article acts as a review and also a guide to policymakers who are interested in understanding the determinants of insurance demand and how it affects general economic development. By providing a synopsis and evaluation of existing empirical research on the development of insurance markets, this article provides a discussion of the factors that promote insurance market development. This article then highlights certain issues that both insurance companies and policymakers can utilize further in their own markets to design future policies that can be geared to promote insurance market development.

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