The main determinants of the absorptive capacity of the Egyptian insurance market using statistical analysis

Abstract

This research aims to use a statistical and economic model that takes into account all the emerging economic, social and financial variables in the framework of the new world order and the new general situation to determine the most important basic determinants affecting the volume of demand and the supply of insurance policies for each branch of insurance separately. To maximize its financial, economic and social return, that is, to determine the factors affecting the absorptive capacity of the Egyptian insurance market using some statistical models. It was found that the best regression models that can be used to describe the relationship between the number of insurance policies and the economic variables used in the study is the semi-logarithmic model, and the size of insurance amounts is related to a group of economic variables at the national level, including: population - size of the labor force - birth rates, and it is also related to per capita GDP.