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The influence of COVID-19 pandemic on Croatian life insurance market


Pavić Kramarić, Tomislava; Miletić, Marko; Kusić, Ivica
The influence of COVID-19 pandemic on Croatian life insurance market // IMR 2021 : Interdisciplinary management research XVII / Barković, Dražen ; Dernoscheg, Karl – Heinz ; Erceg, Aleksandar ; Glavaš, Jerko ; Pap, Norbert ; Runzheimer, Bodo ; Wentzel, Dirk (ur.).
Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek ; Postgraduate Doctoral Study Program in Management ; Pforzheim University, Business School, Germany ; Croatian Academy of Sciences and Arts, 2021. str. 673-685 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


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Naslov
The influence of COVID-19 pandemic on Croatian life insurance market

Autori
Pavić Kramarić, Tomislava ; Miletić, Marko ; Kusić, Ivica

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
IMR 2021 : Interdisciplinary management research XVII / Barković, Dražen ; Dernoscheg, Karl – Heinz ; Erceg, Aleksandar ; Glavaš, Jerko ; Pap, Norbert ; Runzheimer, Bodo ; Wentzel, Dirk - Osijek : Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek ; Postgraduate Doctoral Study Program in Management ; Pforzheim University, Business School, Germany ; Croatian Academy of Sciences and Arts, 2021, 673-685

Skup
IMR2021 Interdisciplinary management research conference XVII

Mjesto i datum
Opatija, Hrvatska, 13-15.05.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
coronavirus pandemic ; life insurance market ; Croatia

Sažetak
The novel coronavirus pandemic has had numerous negative consequences on different aspects of human life and the economy. Therefore, the authors wanted to see how the closing of social and economic activities and imposed measures have affected insurance companies’ activities conducting life insurance business in Croatia. For this purpose, quarterly panel data for the first three quarters of 2020, 2019, and 2018 are employed. To test how the COVID-19 outbreak has affected the Croatian life insurance market, we have employed quarterly year-on-year gross written premium growth expressed as a percentage, insurance density, and insurance depth that serves as dependent variables level of development of the insurance market. Moreover, independent variables comprise several COVID-19 confirmed cases, number of COVID-19 death cases, coronavirus dummy variable, and year-on- year quarterly GDP growth rate. After conducting static panel analysis, the results reveal that coronavirus dummy variable, taking value one if confirmed cases of COVID-19 disease every quarter are reported and 0 otherwise, negatively affects the level of life insurance market development.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Ustanove:
Sveučilište u Splitu Sveučilišni odjel za forenzične znanosti,
Sveučilište u Splitu Sveučilišni odjel za stručne studije

Citiraj ovu publikaciju

Pavić Kramarić, Tomislava; Miletić, Marko; Kusić, Ivica
The influence of COVID-19 pandemic on Croatian life insurance market // IMR 2021 : Interdisciplinary management research XVII / Barković, Dražen ; Dernoscheg, Karl – Heinz ; Erceg, Aleksandar ; Glavaš, Jerko ; Pap, Norbert ; Runzheimer, Bodo ; Wentzel, Dirk (ur.).
Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek ; Postgraduate Doctoral Study Program in Management ; Pforzheim University, Business School, Germany ; Croatian Academy of Sciences and Arts, 2021. str. 673-685 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
Pavić Kramarić, T., Miletić, M. & Kusić, I. (2021) The influence of COVID-19 pandemic on Croatian life insurance market. U: Barković, D., Dernoscheg, K., Erceg, A., Glavaš, J., Pap, N., Runzheimer, B. & Wentzel, D. (ur.)IMR 2021 : Interdisciplinary management research XVII.
@article{article, year = {2021}, pages = {673-685}, keywords = {coronavirus pandemic, life insurance market, Croatia}, title = {The influence of COVID-19 pandemic on Croatian life insurance market}, keyword = {coronavirus pandemic, life insurance market, Croatia}, publisher = {Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek ; Postgraduate Doctoral Study Program in Management ; Pforzheim University, Business School, Germany ; Croatian Academy of Sciences and Arts}, publisherplace = {Opatija, Hrvatska} }
@article{article, year = {2021}, pages = {673-685}, keywords = {coronavirus pandemic, life insurance market, Croatia}, title = {The influence of COVID-19 pandemic on Croatian life insurance market}, keyword = {coronavirus pandemic, life insurance market, Croatia}, publisher = {Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek ; Postgraduate Doctoral Study Program in Management ; Pforzheim University, Business School, Germany ; Croatian Academy of Sciences and Arts}, publisherplace = {Opatija, Hrvatska} }




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