Journal of Information Technology Applications and Management

Korea Data Strategy Society (한국데이터전략학회)
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A Study on the International Competitiveness of Insurance Industry in the wake of the Fourth Industrial Revolutio

4차 산업혁명에 따른 보험산업의 국제경쟁력 변화에 대한 연구

  • Park, Eunyub (Pusan National University, Department of Economics)
  • Received : 2022.06.02
  • Accepted : 2022.07.09
  • Published : 2022.08.30
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Abstract

This study measures the internal and external competitiveness of 35 OECD countries in the insurance industry. We analyze whether variables related to the Fourth Industrial Revolution affect international competitiveness by applying a nonlinear autoregressive distributed lag model. As a result, the competitiveness of life insurance foreign companies in internal is showing positive responses in high income inequality countries. In addition, insurance companies in countries with low income inequality have shown high performance in external. The non-life insurance industry is less sensitive to shocks than life insurance. This is because non-life insurance is a more dangerous industry than life insurance and there are many restrictions on policies and regulations. The reason is that non-life insurance is a more dangerous industry than life insurance and there are many restrictions on policies and regulations.

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References

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