{"title":"Institutional determinants of insurance penetration in Africa.","authors":"Mamadou Bah, Nelson Abila","doi":"10.1057/s41288-022-00278-2","DOIUrl":"10.1057/s41288-022-00278-2","url":null,"abstract":"<p><p>This paper investigates the institutional determinants of insurance demand in Africa. We used a panel of 42 countries over the period 1996-2017. A system GMM approach was used for the estimations. Consistent with previous results, we find that institutional quality has positive and significant effects on insurance penetration in Africa. Specifically, regulatory quality, rule of law, control of corruption, political stability and absence of violence, and government effectiveness are the five institutional quality indicators that have positive and significant effects on the demand for total insurance and life insurance. However, only regulatory quality, control of corruption and government effectiveness are positively associated with non-life insurance demand. This indicates that governments should improve the business environment and strengthen the political environment to boost insurance development in Africa.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1057/s41288-022-00278-2.</p>","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":" ","pages":"1-42"},"PeriodicalIF":0.0,"publicationDate":"2022-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9572832/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"40660344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Systemic importance of financial services and insurance sectors: a world input–output network analysis","authors":"T. Sun","doi":"10.1057/s41288-022-00277-3","DOIUrl":"https://doi.org/10.1057/s41288-022-00277-3","url":null,"abstract":"","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88769082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of tax-subsidized health insurance on health and out-of-pocket burden in China","authors":"Feiyan Yang, Li Wei","doi":"10.1057/s41288-022-00276-4","DOIUrl":"https://doi.org/10.1057/s41288-022-00276-4","url":null,"abstract":"","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"33 1","pages":"194-246"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86151640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The ILS loss experience: natural catastrophe issues 2001–2020","authors":"M. Lane","doi":"10.1057/s41288-022-00275-5","DOIUrl":"https://doi.org/10.1057/s41288-022-00275-5","url":null,"abstract":"","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"93 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84143471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sustainable investing in the US and European insurance industry: a text mining analysis","authors":"Nadine Gatzert, Philipp Reichel","doi":"10.1057/s41288-022-00270-w","DOIUrl":"https://doi.org/10.1057/s41288-022-00270-w","url":null,"abstract":"<p>This paper uses a text mining analysis to study the development of sustainable investing in the European and US insurance industry as reflected in their public reports from 2013 to 2018. The sample comprises 1215 annual, sustainability- and investment-related documents of 77 firms. We develop a dictionary with principles, criteria and terminologies as well as strategies, and differentiate between the quality of reports. Our results show that the number of firms referring to as well as the word count related to sustainable investing substantially increase over the sample period, and that insurers reporting about sustainable investing are on average significantly larger. We also find that European insurers report much more extensively on their sustainable investment practices as compared to US insurers in our sample. Most relevant in 2018 are references to general <i>ESG</i> criteria, followed by <i>responsible investment</i> and the <i>Sustainable Development Goals</i>. Top strategies mentioned were <i>ESG integration</i> and <i>impact investing</i>, whereby we observe that insurers evolve from mentioning one single towards multiple strategies over time. Finally, a regression analysis does not show a value-effect of sustainable investment-related keywords in reporting on Tobin’s Q, which may be due to the rather long-term investment perspective.</p>","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"36 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138526440","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Investment guarantees in financial products: an analysis of consumer preferences","authors":"Daliana Luca, Hato Schmeiser, Florian Schreiber","doi":"10.1057/s41288-022-00268-4","DOIUrl":"https://doi.org/10.1057/s41288-022-00268-4","url":null,"abstract":"","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"108 1","pages":"906 - 940"},"PeriodicalIF":0.0,"publicationDate":"2022-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87879262","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jacob Dexe, U. Franke, Katarzyna Söderlund, Niels van Berkel, Rikke Hagensby Jensen, Nea Lepinkäinen, Juho Vaiste
{"title":"Explaining automated decision-making: a multinational study of the GDPR right to meaningful information","authors":"Jacob Dexe, U. Franke, Katarzyna Söderlund, Niels van Berkel, Rikke Hagensby Jensen, Nea Lepinkäinen, Juho Vaiste","doi":"10.1057/s41288-022-00271-9","DOIUrl":"https://doi.org/10.1057/s41288-022-00271-9","url":null,"abstract":"","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"59 1","pages":"669 - 697"},"PeriodicalIF":0.0,"publicationDate":"2022-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75146951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Barry Sheehan, Christian Humberg, D. Shannon, Michael Fortmann, S. Materne
{"title":"Diversification and Solvency II: the capital effect of portfolio swaps on non-life insurers","authors":"Barry Sheehan, Christian Humberg, D. Shannon, Michael Fortmann, S. Materne","doi":"10.1057/s41288-022-00269-3","DOIUrl":"https://doi.org/10.1057/s41288-022-00269-3","url":null,"abstract":"","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"35 1","pages":"872 - 905"},"PeriodicalIF":0.0,"publicationDate":"2022-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77314961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of digital finance on household insurance purchases: evidence from micro data in China","authors":"Xiao-Long Hu, Zheng Wang, Jun Liu","doi":"10.1057/s41288-022-00267-5","DOIUrl":"https://doi.org/10.1057/s41288-022-00267-5","url":null,"abstract":"","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"22 1","pages":"538 - 568"},"PeriodicalIF":0.0,"publicationDate":"2022-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78586033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the (future) role of on-demand insurance: market landscape, business model and customer perception","authors":"Angela Zeier Röschmann, Matthias Erny, Joël Wagner","doi":"10.1057/s41288-022-00265-7","DOIUrl":"https://doi.org/10.1057/s41288-022-00265-7","url":null,"abstract":"","PeriodicalId":75009,"journal":{"name":"The Geneva papers on risk and insurance. Issues and practice","volume":"20 1","pages":"603 - 642"},"PeriodicalIF":0.0,"publicationDate":"2022-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74437200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}