Information Asymmetry and Insurance in Africa

Simplice Asongu and Nicholas Odhiambo

No 20/057, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: In this study, we assess the relevance of decreasing information asymmetry on life and non-life insurance consumption, by using data from 48 African countries during the period 2004-2014. Reduced information asymmetry is proxied by information sharing offices, namely: public credit registries and private credit bureaus. The empirical evidence is based on the Generalised Method of Moments. The findings show that information sharing offices increase insurance consumption with a comparatively higher magnitude in life insurance penetration, relative to non-life insurance penetration. Practical and theoretical implications are discussed.

Keywords: Insurance; Information Asymmetry (search for similar items in EconPapers)
JEL-codes: G20 G22 I30 O16 O55 (search for similar items in EconPapers)
Pages: 24
Date: 2020-01
New Economics Papers: this item is included in nep-ias
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Citations: View citations in EconPapers (5)

Forthcoming: Journal of African Business

Downloads: (external link)
http://publications.excas.org/RePEc/exs/exs-wpaper ... urance-in-Africa.pdf Revised version, 2020 (application/pdf)

Related works:
Journal Article: Information Asymmetry and Insurance in Africa (2021)
Working Paper: Information Asymmetry and Insurance in Africa (2020)
Working Paper: Information Asymmetry and Insurance in Africa (2020)
Working Paper: Information Asymmetry and Insurance in Africa (2020)
Working Paper: Information asymmetry and insurance in Africa (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:exs:wpaper:20/057

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