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The Insurance Literacy and its Measurement: Some Theoretical Issues

Author

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  • Sokolovska, Olena

Abstract

This study provides an overview of main academic research on insurance literacy. We identify main challenges of quantitative measurement of financial or insurance literacy of the population. We made an attempt was made to identify the set of factors that determine the level of insurance coverage (with accident and health insurance as an example), which can be used to predict the level of insurance literacy.

Suggested Citation

  • Sokolovska, Olena, 2025. "The Insurance Literacy and its Measurement: Some Theoretical Issues," MPRA Paper 127219, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:127219
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    File URL: https://mpra.ub.uni-muenchen.de/127219/1/MPRA_paper_127219.pdf
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    References listed on IDEAS

    as
    1. Adele Atkinson & Flore-Anne Messy, 2013. "Promoting Financial Inclusion through Financial Education: OECD/INFE Evidence, Policies and Practice," OECD Working Papers on Finance, Insurance and Private Pensions 34, OECD Publishing.
    2. Xi Lin & Aaron Bruhn & Jananie William, 2019. "Extending financial literacy to insurance literacy: a survey approach," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(S1), pages 685-713, April.
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    More about this item

    Keywords

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    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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