Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2134905
Exploration of the impact of demographic changes on life insurance consumption: empirical analysis based on Shanghai Cooperation Organization
Zhifeng Zhang
Haodong Xu
Shuangshuang Shan
Yuqi Lu
Hongyan Duan
Yipin Lyu
Sažetak
Based on the panel data of eight member states of Shanghai
Cooperation Organization (SCO) from 1996 to 2019, this study
explores the impact of demographic changes on life insurance
consumption in SCO member countries under the framework of
static panel model and dynamic panel model. And the study analyzes
the heterogeneity of religious division and different aging
degrees. The empirical results show that both old-age dependency
ratio and teenager dependency ratio have positive impacts
on life insurance consumption in the SCO countries. Besides, the
current consumption of ordinary life insurance significantly stimulates
the future consumption of ordinary life insurance.
Furthermore, demographic changes have heterogeneous impacts
on life insurance consumption in terms of different religions and
different degrees of aging. Our findings provide managerial implications
for insurance companies that carry out life insurance business
in SCO member states. Insurance companies should consider
the policyholders’ life insurance consumption in accordance with
demographic changes of both old-age dependency ratio and
teenager dependency ratio, and also take differentiated life insurance
sales strategies according to different degrees of aging and
whether the residents believe in Islam.
Ključne riječi
Shanghai Cooperation Organization; life insurance consumption; demographic changes; dependency ratio; religious heterogeneity; degrees of aging
Hrčak ID:
306689
URI
Datum izdavanja:
30.4.2023.
Posjeta: 149 *