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Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan

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  • Yoshihiro Asai

    (School of Commerce, Meiji University, Tokyo 101-8301, Japan)

Abstract

Several empirical studies have attempted to clarify whether differences in regulations affect people’s behavior. However, due to a lack of data, few have attempted to clarify whether these differences affect the purchase of insurance. Therefore, in this study, I conducted a survey of consumers in Japan and analyzed the characteristics of those who bought bicycle insurance. My findings are as follows: First, users tend to purchase bicycle insurance in prefectures where it is compulsory. Second, bicycle users with a high level of insurance knowledge tend to purchase insurance. Third, consumers who use bicycles more frequently tend to purchase insurance.

Suggested Citation

  • Yoshihiro Asai, 2025. "Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan," Risks, MDPI, vol. 13(6), pages 1-11, June.
    • Handle: RePEc:gam:jrisks:v:13:y:2025:i:6:p:115-:d:1680908
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    References listed on IDEAS

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