ABSTRACT

Using mixed-effect and panel data regression models applied on data from the Baltic states, 1996–2017, this article examines how, and to what extent, insurance market indicators are related to or dependent on macroeconomic indicators. The results show that the growth of economic well-being and living standards, built on the growth of GDP per capita and households’ income, largely contributes to increasing insurance consumption in terms of insurance premiums, insurance density, and insurance penetration as key indicators from both state-level and cross-country perspectives. Meanwhile, inflation, national currency depreciation, and exchange rate increase are identified as insurance market growth impeding indicators.

摘要

本文将混合效应和面板数据回归模型应用于 1996-2017 年波罗的海国家的数据，研究保险市场指标如何以及在多大程度上与宏观经济指标相关或依赖。结果表明，建立在人均 GDP 和家庭收入增长基础上的经济福祉和生活水平的增长，在很大程度上有助于增加保险消费，从保费、保险密度和保险深度这些关键指标来看，国家层面和跨国视角。同时，通货膨胀、本国货币贬值和汇率上升被确定为阻碍保险市场增长的指标。