IDEAS home Printed from https://ideas.repec.org/a/ids/ijbenv/v8y2016i3p191-216.html
   My bibliography  Save this article

Insurance business synergies, economic growth and strategic planning

Author

Listed:
  • Masahiro Inoguchi
  • Yu-Luen Ma
  • Nat Pope
  • Yoshihiko Suzawa

Abstract

Previous research has found that life and non-life insurance business share significant relationships with economic growth. This current study extends that literature by being the first to investigate the synergistic relationship life and non-life insurance activities share with economic growth. We collect data that includes 84 national markets representing a broad spectrum of economic development over the 1994-2012 period and employ system-generalised method of moment (GMM) estimation technique based on a dynamic model structure. Our results support the hypothesis that life and non-life insurance synergies share a positive relationship with economic growth and that positive relationship experiences diminishing marginal returns as the insurance markets mature. The results of our study provide implications for policymakers with regard to market liberalisation strategies, as well as implications for the management of insurance companies contemplating foreign market expansion strategies.

Suggested Citation

  • Masahiro Inoguchi & Yu-Luen Ma & Nat Pope & Yoshihiko Suzawa, 2016. "Insurance business synergies, economic growth and strategic planning," International Journal of Business Environment, Inderscience Enterprises Ltd, vol. 8(3), pages 191-216.
    • Handle: RePEc:ids:ijbenv:v:8:y:2016:i:3:p:191-216
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=79687
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbenv:v:8:y:2016:i:3:p:191-216. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=69 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.