2020
DOI: 10.1016/j.procs.2020.09.056
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Application of multidimensional correspondence analysis to identify socioeconomic factors conditioning voluntary life insurance

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Cited by 8 publications
(6 citation statements)
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“…Thus, expanding the ICT applications will act as a favorable support for life insurance and education. Same results were highlighted for the Central Pomerania (a region between Germany and Poland), when studied the main factors that promote life insurance (Strzelecka et al, 2020).…”
Section: Literature Reviewsupporting
confidence: 53%
See 1 more Smart Citation
“…Thus, expanding the ICT applications will act as a favorable support for life insurance and education. Same results were highlighted for the Central Pomerania (a region between Germany and Poland), when studied the main factors that promote life insurance (Strzelecka et al, 2020).…”
Section: Literature Reviewsupporting
confidence: 53%
“…Education has a key role to play in informing the public about the importance, role and use of insurance products, as well as in shaping risk awareness, as suggested by many scholars (Asongu, 2020;Dragos et al, 2017;Hammond et al, 1967;Sanjeew et al, 2019;Strzelecka et al, 2020). Failure to use insurance products and failure to insure risks by the population and companies such as accidents, diseases or natural disasters, would cause shocks in society with serious consequences that may persist over time, on economic growth and human development / quality of life.…”
Section: Discussionmentioning
confidence: 99%
“…More recent findings confirm that changes in demographic variables are statistically significant for changes in certain macroeconomic variables, including savings and investment (Goh, McNown, & Wong, 2020). There are many program or product of investments that can be made with the goal of having an income in old age or after reaching retirement age, such as life insurance (Strzelecka, KurdyS-Kujawska, & Zawadzka, 2020) and pension fund (Simandl & Lesek, 2003). Since as people age, health, social care and pension provision is paramount (Welsh, Matthews, & Jagger, 2021).…”
Section: Introductionmentioning
confidence: 86%
“…The authors argue that households increase their life insurance costs by 18.5% during the year corresponding to the zodiac sign of the year in which these persons were born, and in other years such an increase does not occur. Although life expectancy in the world has increased from 80.3 to 83.9 years over the last 20 years (2000 to 2020) [32], which could be an additional stimulus to purchase life insurance policies, there are still exist various barriers for the growth of this market, in particular, related to education, retirement age, single households, age, marriage, lack of dependent children [33], and self-discipline [34,35]. However, the literature does not deny that with climate change, the risks of death from natural disasters also increase.…”
Section: The Literature Analysismentioning
confidence: 99%