Abstract
This study applies a Bootstrap Panel Granger causality test to investigate whether there is causal relationship between globalization and insurance activity. We examine data from sigma reports of Swiss Reinsurance Company for 8 Eastern Asian countries over the period of 1979–2008. Empirically, results for one-way Granger causality show the influence of total insurance activity, life insurance activity, and non-life insurance activity on globalization only in Korea. However, there is strong causality from globalization to insurance activity for Thailand, Malaysia, and the Philippines. In our research, the results show that the causality between globalization and insurance activity varies across countries with different conditions. The findings of this study could provide important policy implications for the 8 Eastern Asian countries under study, namely India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, and Thailand.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
