IDEAS home Printed from https://ideas.repec.org/a/vrs/eaiada/v23y2019i1p19-28n2.html
   My bibliography  Save this article

Factors Determining the Purchase of Insurance Products

Author

Listed:
  • Jańska Anna

    (Maria Curie-Sklodowska University, Lublin, Poland)

  • Kędra Arleta

    (Maria Curie-Sklodowska University, Lublin, Poland)

Abstract

This paper centres to the presentation of analyzed potential relations between the determinants of purchasing decisions regarding insurance products and socio-demographic variables, i.e. age, gender, place of residence, income, occupational status, and number of people in the household. The authors also examined whether making financial decisions in a household determines purchasing decisions concerning insurance products. The main hypothesis is: from the perspective of an elderly customer, inherent features of an analyzed insurance product are more vital than aspects regarding the sales process. The analysis was conducted using the ordered logit model, where factors determining purchases of insurance products were used as dependent variables.

Suggested Citation

  • Jańska Anna & Kędra Arleta, 2019. "Factors Determining the Purchase of Insurance Products," Econometrics. Advances in Applied Data Analysis, Sciendo, vol. 23(1), pages 19-28, March.
    • Handle: RePEc:vrs:eaiada:v:23:y:2019:i:1:p:19-28:n:2
    DOI: 10.15611/eada.2019.1.02
    as

    Download full text from publisher

    File URL: https://doi.org/10.15611/eada.2019.1.02
    Download Restriction: no
    File URL: https://libkey.io/10.15611/eada.2019.1.02?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    insurance; ordered logit model; customers’ preferences; purchase decisions;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • A10 - General Economics and Teaching - - General Economics - - - General
    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
    • C59 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Other
    • G00 - Financial Economics - - General - - - General

    Statistics

    Access and download statistics

    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:vrs:eaiada:v:23:y:2019:i:1:p:19-28:n:2. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.