Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

Index Copernicus Journal Master List

Polska Bibliografia Naukowa

BazEkon

Ebsco

Proquest

Creaive Commons

Volume 1 (15) Number 3 pp. 58-77

Marijana Ćurak1, Doris Podrug1, Klime Poposki2,3,

1University of Split, Faculty of Economics, Split, Croatia
2
University St. Kliment Ohridski, Faculty of Tourism and Organizational Sciences, Republic of Macedonia
3
Insurance Supervisory Agency, Skopje, Republic of Macedonia

Policyholder and insurance policy features as determinants of life insurance lapse – evidence from Croatia

Abstract:

According to theoretical and empirical literature, life insurance lapse is determined by macroeconomic and insurer-specific factors, demographic and economic features of the policyholder as well as specific characteristics of the life insurance policy. Existing empirical literature on determinants of life insurance options is dominantly focused on developed insurance markets. The aim of this paper is to investigate the
drivers of lapse in Croatia using survey data. The research encompasses both policyholder and life insurance contract features. The results of the research show that the number of children, income level, and the financial status of policyholder as well as the duration of the life insurance policies influence policyholders’ decisions to lapse life insurance.

pub/2015_3_58.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume15/issue3/2015_3_58.pdf
Keywords: life insurance, lapse, Croatia

DOI: 10.18559/ebr.2015.3.5

For citation:

MLA Ćurak, Marijana, et al. "Policyholder and insurance policy features as determinants of life insurance lapse – evidence from Croatia." Economics and Business Review EBR 15.3 (2015): 58-77. DOI: 10.18559/ebr.2015.3.5
APA M., ., D., P., & K., P. (2015). Policyholder and insurance policy features as determinants of life insurance lapse – evidence from Croatia. Economics and Business Review EBR 15(3), 58-77 DOI: 10.18559/ebr.2015.3.5
ISO 690 ĆURAK, Marijana, et al. Policyholder and insurance policy features as determinants of life insurance lapse – evidence from Croatia. Economics and Business Review EBR, 2015, 15.3: 58-77. DOI: 10.18559/ebr.2015.3.5