Stimulating the Demand for Insurance

22 Pages Posted: 14 Feb 2007

See all articles by Stephanie Hussels

Stephanie Hussels

University of Bradford - School of Management

Damian R. Ward

University of Bradford

Ralf Zurbruegg

University of Adelaide; Financial Research Network (FIRN)


This article acts as a review and also a guide to policymakers who are interested in understanding the determinants of insurance demand and how it affects general economic development. By providing a synopsis and evaluation of existing empirical research on the development of insurance markets, this article provides a discussion of the factors that promote insurance market development. This article then highlights certain issues that both insurance companies and policymakers can utilize further in their own markets to design future policies that can be geared to promote insurance market development.

Suggested Citation

Hussels, Stephanie and Ward, Damian and Zurbruegg, Ralf, Stimulating the Demand for Insurance. Risk Management & Insurance Review, Vol. 8, No. 2, pp. 257-278, September 2005, Available at SSRN: or

Stephanie Hussels

University of Bradford - School of Management ( email )

Emm Lane
Bradford, West Yorkshire Bd9 4JL
United Kingdom

Damian Ward (Contact Author)

University of Bradford ( email )

School of Management Emm Lane
Bradford BD9 4JL, West Yorkshire
United Kingdom
01274 233194 (Phone)

Ralf Zurbruegg

University of Adelaide ( email )

233 North Terrace
Department of Finance
Adelaide SA 5005
+61 8 8303 5535 (Phone)
+61 8 8303 4368 (Fax)

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane

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