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We use three different indicators of IMD, namely life insurance density, non-life insurance density, and total insurance density.
First, the level of life insurance density (LID) is moderately high in comparison to non-life insurance density (NID).
Here, we observe six cases, depending upon the deployment of three insurance market activities (life insurance density, non-life insurance density and total insurance density), and two financial depth indicators.
We highlight here three activities of IMD, namely life insurance density (LID), non-life insurance density (NID), and total insurance (both life and non-life) density (TID).
TID Total insurance density: It is the direct domestic premiums, both life and non-life per capita (in US Dollars).
Beck and Demirguc-Kunt (2009) find that life and non-life insurance density increase with the income level of the country.
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An outline of insurance market density in the eurozone countries outlines the trend of insurance market density.
These are insurance market density (IMD) and insurance market penetration (IMP).
This study examines the causality between insurance market density (IMD) and economic growth.
This study examines the relationship between insurance market density (IMD) and economic growth.
This study is restricted to insurance market density only, and particularly in a bivariate framework of insurance-market growth nexus.
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