The determinants of insurance demand in Malaysia / Ida Farahi Paing

This study is to investigate the determinants of insurance demand in Malaysia by using data
from public listed companies at Bursa Malaysia. The economic data have been tested in this
study in determining the demand for insurance in Malaysia. The variables considered are
inflation rate, income, saving rate, population growth and education level. The sample of this
study comprises of 43 observations of the independent and dependent variables on a yearly
basis over 43 years period from 1970 to 2013. The data can be found from DataStream and
world data bank, which is including Department of Statistics Malaysia, Bank Negara
Malaysia and International Financial Statistics (IFS). Interactive software package, E-views
will be used for regression analyzing the data that have been collected. The variables
basically from the previous research paper that related to the determinants of demand for
insurance. The results of this research would determine which economic data variables have
significant affect towards insurance in Malaysia.