The demand for micro insurance in Ghana
The demand for micro insurance in Ghana
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DOI：
10.1108/15265941111136932
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发表时间：
2011-01-01
影响因子：
3
通讯作者：
Gemegah, Albert
中科院分区：
文献类型：
--
作者：
Akotey, Oscar Joseph;Osei, Kofi A.;Gemegah, Albert
目的-本文的目的是确定影响加纳非正规部门工人对小额保险服务需求的因素，这些工人很容易受到经济中各种风险的影响。设计/方法/方法-本研究采用了一种基于从加纳阿克拉四个主要市场中心随机抽样的100名非正规部门工人的原始数据的定量技术。实证研究采用概率回归模型。研究结果-使用probit模型的实证研究表明，保费灵活性、收入水平和节点代理是小额保险需求的重要决定因素。保险知识、期望（信任）和婚姻状况对小额保险需求也有显著的正向影响。有趣的是，实证分析表明，正规教育并不是一个重要的决定因素；相反，一个人的保险知识水平对小额保险需求具有显著的正向影响。社会影响——保险公司在设计保费时必须考虑非正规工人现金流的性质。政府必须将小额保险纳入其减贫计划。原创性/价值-小额保险市场在加纳是非常新的，未经研究。因此，这项基础研究非常具有原创性，对于想要冒险进入加纳非正规部门这一巨大的未开发机会的商业保险公司来说，是最有价值的指南。
Purpose - The purpose of this paper is to identify the factors which influence the demand for micro-insurance services among the informal sector workers of Ghana who are quite vulnerable to various risks in the economy.Design/methodology/approach - The study adopts a quantitative technique based on primary data sampled randomly from 100 informal sector workers from four major market centers in Accra, Ghana. The probit regression model was used for the empirical investigation.Findings - Empirical investigation using the probit model indicates that premium flexibility, income level and nodal agency are significant determinants of micro-insurance demand. Insurance knowledge, expectation (trust) and marital status were also found to have positive and significant impact on the demand for micro insurance. Interestingly, the empirical analysis shows that formal education is not a significant determinant; rather one's level of insurance knowledge has a positive and significant impact on micro-insurance demand.Social implications - Insurers must consider the nature of the cash-flow of informal workers in the design of premiums. The government must integrate micro insurance into its poverty reduction program.Originality/value - The micro-insurance market is very new and unresearched in Ghana. This foundational study is, therefore, very original and a most valuable guide to commercial insurance companies which want to venture into this huge untapped opportunity in the Ghanaian informal sector.