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The Prognosis of the Main Indicators for Sizing the Global Insurance Market

Author

Listed:
  • Ana Preda

    (University of Petrosani, Romania)

  • Gheorghe Matei

    (ghematei@yahoo.com)

  • Lorand Bogdanffy

    (University of Petrosani, Romania)

Abstract

The paper aim is the prognosis of indicators sizing international life insurance market using models autoregressive. The evolution of the volume of gross premiums, insurance density was studied over a period of 15 years. The models that we used for this prognosis were monovariabile models, specific for economic systems, with one input variable and one variable output (SISO). The prognosis of indicators shows that there will be not major fluctuations on the worldwide life insurance market, that it sees not a spectacular future, even the indicators will record a slight decline in the coming years.

Suggested Citation

  • Ana Preda & Gheorghe Matei & Lorand Bogdanffy, 2016. "The Prognosis of the Main Indicators for Sizing the Global Insurance Market," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(2), pages 101-108.
    • Handle: RePEc:pet:annals:v:16:y:2016:i:2:p:101-108
    as

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    References listed on IDEAS

    as
    1. Pavel Cizek & Wolfgang Karl Härdle & Rafal Weron, 2005. "Statistical Tools for Finance and Insurance," HSC Books, Hugo Steinhaus Center, Wroclaw University of Science and Technology, number hsbook0501, December.
    2. de Jong,Piet & Heller,Gillian Z., 2008. "Generalized Linear Models for Insurance Data," Cambridge Books, Cambridge University Press, number 9780521879149, November.
    3. Christian Gourieroux & Joann Jasiak, 2007. "Introduction to The Econometrics of Individual Risk: Credit, Insurance, and Marketing," Introductory Chapters, in: The Econometrics of Individual Risk: Credit, Insurance, and Marketing, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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