文章基本信息

标题：Determinants of Takāful and conventional insurance demand: A regional analysis
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作者：Waheed Akhter ; Saad Ullah Khan
期刊名称：Cogent Economics & Finance
电子版ISSN：2332-2039
出版年度：2017
卷号：5
期号：1
页码：1291150
DOI：10.1080/23322039.2017.1291150
出版社：Taylor and Francis Ltd
摘要：In this study, we focused on analysing and differentiating the determinants of conventional insurance and Takāful demand across ASEAN and Middle East Regions. We used panel data econometrics on a sample of 14 Asian countries having both conventional insurance and Takāful over the period 2005–2014. We applied fixed and random effect regression models to assess the impact of macroeconomic and demographic factors on conventional insurance and Takāful demand. Income and financial sector were found to have significant positive impact on insurance demand across all regions. On the other hand, dependency ratio was found to be negatively affecting Takāful demand across all regions while inflation shows positive impact. Urbanization was found to be significant positive impact on both conventional insurance and Takāful demand. Financial sector development positively triggers the insurance and Takāful demand across ASEAN region, while it triggers conventional insurance demand only in Middle East Region. Education shows negative impact on Takāful demand across both regions while it shows positive impact on insurance demand in Middle East. The study recognises the key role of urbanization and education in creating awareness to enhance Takāful demand in large populated countries of ASEAN and South Asia.
关键词：Takāful (Islamic Insurance) conventional insurance;middle east;ASEAN;G15;G22;J11;N45;O18