International Journal of Social Science & Economic Research
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Title:
Economic uncertainty and life insurance: Bayesian Network Analysis at the level of European Union

Authors:
Elena Iulia Grigorie

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Elena Iulia Grigorie
PhD. Student, University of Craiova, Doctoral School of Economics ” Eugeniu Carada”

MLA 8
Grigorie, Elena Iulia. "Economic uncertainty and life insurance: Bayesian Network Analysis at the level of European Union." Int. j. of Social Science and Economic Research, vol. 9, no. 9, Sept. 2024, pp. 3178-3187, doi.org/10.46609/IJSSER.2024.v09i09.004. Accessed Sept. 2024.
APA 6
Grigorie, E. (2024, September). Economic uncertainty and life insurance: Bayesian Network Analysis at the level of European Union. Int. j. of Social Science and Economic Research, 9(9), 3178-3187. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i09.004
Chicago
Grigorie, Elena Iulia. "Economic uncertainty and life insurance: Bayesian Network Analysis at the level of European Union." Int. j. of Social Science and Economic Research 9, no. 9 (September 2024), 3178-3187. Accessed September, 2024. https://doi.org/10.46609/IJSSER.2024.v09i09.004.

References

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ABSTRACT:
This paper examines the relationship between economic uncertainty and the life insurance sector in the member states of the European Union (EU), with a focus on several key macroeconomic indicators, such as inflation, Gross Domestic Product growth and unemployment. Using a comprehensive dataset covering the diversity of the EU Member States over a ten-year period, econometric methods, like Bayesian Network Analysis are used to analyse the relationship between economic uncertainty indicators and life insurance performance indicators. The findings suggest a complex interplay between economic indicators and life insurance. Inflation appears as a significant factor, and unemployment, another crucial economic indicator, shows a mixed relationship in terms of life insurance demand. Therefore, in the context of an interconnected global economy, understanding how economic uncertainty influences demand for life insurance products is essential for policymakers, insurers and consumers alike.

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