An Analysis Of Non-Life Insurance Determinants For Selected Countries In Central And South Eastern Europe: A Co-Integration Approach

This study examines the determinant of non-life insurance consumption in 16 countries in Central and South-Eastern Europe (CSEE) during the period 1992-2011 with an Larsson et al. (2001) cointegration test and the dynamic ordinary least squares. These techniques will help us to understand which are the determinants of non-life insurance consumption in 16 countries in Central and South- Eastern Europe (CSEE), revealing the significant influence between endogenous variables. Empirical results provide the evidence that GDP per capita, and number of passenger cars per 1.000 people positively and significantly influence non-life insurance consumption in the long-run.