Katılım ve Konvansiyonel Sigortacılığının Belirleyicileri
Determinants of Participation and Conventional Insurance

Author(s): Muhammed Hadin Öner
Subject(s): International relations/trade, Welfare systems, Financial Markets, Socio-Economic Research, Labour and Social Security Law
Published by: Özgür Yayın Dağıtım Ltd. Şti.
Keywords: financial system; Conventional Insurance; insurance; Turkey;
Summary/Abstract: The financial system has become a complementary and indispensable actor of the economies of the countries. The insurance sector, which is included in the financial system, has an important place especially in developed countries. Insurance in developing countries has reached a high growth volume. The interest of investors in the sector is increasing. At the same time, researchers and academics are also working intensively on insurance. The analysis of the factors affecting the development of insurance is important for the development of the sector and to reach its expected potential. This study focused on examining the factors affecting the development of the participation and conventional insurance sector in Turkey. Panel data analysis method was used the data of 2009Q4-2022Q2 period. According to the findings of the research, it was seen that gdp, bank size, foreign trade volume, interest rate and social security expenditures had a positive effect on the insurance sector. COVID-19 had a negative effect. It was determined that the inflation variable affected the insurance sector both positively and negatively. Participation and the development of the conventional insurance industry will gain importance through in-depth analysis of these findings.

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