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Journals / Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2025 / Volume: 12 Issue: 4

The Impact of Socio-Economic and Financial Factors on Insurance Demand

İsabet Ebru Yazıcıoğlu(KTO KARATAY ÜNİVERSİTESİ)0000-0002-2560-1174
Çağatay Ünüsan(SELCUK UNIVERSITY)0000-0002-2872-9739
Erdem Kırkbeşoğlu(BAŞKENT ÜNİVERSİTESİ)0000-0002-6781-9753
Bilge Afşar(KTO KARATAY ÜNİVERSİTESİ)0000-0002-2891-7617
Pages
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Publication Date
2025-12-23
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The panel analysis results show that all independent variables are significant in relation to the dependent variable.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study analyses the relationship between insurance demand and socioeconomic and financial factors in OECD member countries from 2011 to 2020.
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Key Findings & Data:The panel analysis results show that all independent variables are significant in relation to the dependent variable.
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Conclusion & Impact:In addition, the study concludes that public expenditure and the level of education are the most important determining factors in OECD countries.
🔬Design:Research Article
📍Scope:2011 Verileri
⚙️Variables:Insurance · Insurance Demand · Risk Transfer

Abstract

This study analyses the relationship between insurance demand and socioeconomic and financial factors in OECD member countries from 2011 to 2020. The study categorizes the independent variables into three groups: macroeconomic, financial, and social factors, with the dependent variable being the gross insurance premium amount. The panel analysis results show that all independent variables are significant in relation to the dependent variable. Empirical results show a positive relationship between income, public expenditures, pension expenditures, financial development, education level, and life expectancy at birth with insurance demand in OECD countries. In addition, the study concludes that public expenditure and the level of education are the most important determining factors in OECD countries.

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Cite This Article

Yazıcıoğlu, İ. E., Ünüsan, Ç., Kırkbeşoğlu, E., Afşar, B. (2025). The Impact of Socio-Economic and Financial Factors on Insurance Demand. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Volume: 12 Issue: 4. https://doi.org/10.30798/makuiibf.1634554

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