Information technology and insurance development in Sub-Saharan Africa
Bibliographic Data
| ID | 21500908 |
|---|---|
| Authors | Taiwo Akinlo (0000-0002-1415-4241, Adeyemi College of Education, corresponding author) |
| Year | 2023 |
| Volume | 39 |
| Issue | 1 |
| Pages | 169-183 |
| Publication date | 2023-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Information Development (JOURNAL) |
| Journal identifiers | ISSN: 0266-6669 • E-ISSN: 1741-6469 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/02666669211028960 |
| OpenAlex | W3184432939 |
| Language | EN |
| References cited | 57 |
The study examined the relationship between information technology and insurance development in 40 sub-Saharan African countries during the period 2000-2017. The study employed System Generalised Method of Moment for the estimations. Life insurance premiums, non-life insurance premiums and total insurance premiums are used to measure life insurance, non-life insurance and total insurance, respectively. The information technology is measured by mobile phone, fixed telephone and Internet penetrations. The study found that the Internet promotes non-life insurance while its effect on life and total insurance is insignificant. The mobile phone produced a negative effect on life insurance, non-life insurance and total insurance. However, fixed telephone significantly contributed to life insurance, non-life insurance and total insurance. Based on these findings, there is a need for insurers to encourage their client to use information technology tools for insurance activities and also increase their interaction with their customers
Actuarial science · Business · Business interruption insurance · General insurance · Group insurance · Income protection insurance · Insurability · Insurance policy · Key person insurance · Life insurance · Mobile phone · Telecommunications · Computer Science · COVID-19 Pandemic Impacts · Economic Growth and Development · Insurance and Financial Risk Management
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| Highly cited | No |
|---|