A macroeconomic analysis of the demand for life insurance in Singapore
75 p.
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| Format: | Final Year Project |
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2014
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| Online Access: | http://hdl.handle.net/10356/57968 |
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| Institution: | Nanyang Technological University |
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sg-ntu-dr.10356-579682023-05-19T03:30:03Z A macroeconomic analysis of the demand for life insurance in Singapore Chan, Irene Ee Leng Chong, Huey Nee Seet Lindsay Wang Ruifang Nanyang Business School DRNTU::Business 75 p. This project studies the effects of CPF and other determinants on the demand for life insurance in Singapore by quantifying their roles from 1981 to 1994. A regression model is applied by analyzing the relationship between new policies issued and its determinants including income factors, opportunity costs and social demographic factors. The regression model indicates that CPF withdrawal, investment alternatives and population are among the key factors affecting demand for life insurance in Singapore. An attempt is also made to infer the effects of these factors on future level of insurance demand. Inferences show that the level of life insurance demand would continue to expand. A further attempt is made to explore the microeconomic and macroeconomic implications of this model; specifically recommendations to the life insurance sector and the corresponding government authorities. Finally, this report concludes the proposed model with suggestions to improve the model further. BUSINESS 2014-04-07T11:10:07Z 2014-04-07T11:10:07Z 1997 1997 Final Year Project (FYP) http://hdl.handle.net/10356/57968 Nanyang Technological University application/pdf |
| institution |
Nanyang Technological University |
| building |
NTU Library |
| continent |
Asia |
| country |
Singapore Singapore |
| content_provider |
NTU Library |
| collection |
DR-NTU |
| topic |
DRNTU::Business |
| spellingShingle |
DRNTU::Business Chan, Irene Ee Leng Chong, Huey Nee Seet Lindsay A macroeconomic analysis of the demand for life insurance in Singapore |
| description |
75 p. |
| author2 |
Wang Ruifang |
| author_facet |
Wang Ruifang Chan, Irene Ee Leng Chong, Huey Nee Seet Lindsay |
| format |
Final Year Project |
| author |
Chan, Irene Ee Leng Chong, Huey Nee Seet Lindsay |
| author_sort |
Chan, Irene Ee Leng |
| title |
A macroeconomic analysis of the demand for life insurance in Singapore |
| title_short |
A macroeconomic analysis of the demand for life insurance in Singapore |
| title_full |
A macroeconomic analysis of the demand for life insurance in Singapore |
| title_fullStr |
A macroeconomic analysis of the demand for life insurance in Singapore |
| title_full_unstemmed |
A macroeconomic analysis of the demand for life insurance in Singapore |
| title_sort |
macroeconomic analysis of the demand for life insurance in singapore |
| publishDate |
2014 |
| url |
http://hdl.handle.net/10356/57968 |
| _version_ |
1770567354340605952 |