New Findings on Risk Management from Beijing Foreign Studies University Summarized (The Impact of Digital Finance On Household Insurance Purchases: Evidence From Micro Data In China): Risk Management

2022 APR 20 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Current study results on Risk Management have been published. According to news reporting out of Beijing, People’s Republic of China, by NewsRx editors, research stated, “Using panel data from the 2013, 2015 and 2017 China Household Finance Survey (CHFS) and the digital finance index developed by Peking University, this study examines the impact of digital finance on household insurance purchases and explores its mechanisms. The results indicate that digital finance can promote household insurance purchases by increasing residents’ financial literacy and their accessibility to internet financial services.”

Financial supporters for this research include National Natural Science Foundation of China (NSFC), Science and Technology Plan of Sichuan Province, Fundamental Research Funds for the Central Universities, Beijing Social Science Foundation.

Our news journalists obtained a quote from the research from Beijing Foreign Studies University, “A heterogeneity analysis reveals that digital finance has a more positive effect on the insurance purchases of households with fewer assets, lower income and located in less developed and rural areas. Regarding the type of insurance, digital finance enhances the purchase of property and life rather than health insurance. The regression results of household insurance purchases on the three dimensions of digital finance show that the breadth of coverage and depth of usage of digital finance have more significant impacts on household insurance purchases than digitalisation level.”

According to the news editors, the research concluded: “Robustness checks with different measures and samples, also addressing potential endogeneity using the instrumental variable approach, show the reliability of our findings.”

This research has been peer-reviewed.

For more information on this research see: The Impact of Digital Finance On Household Insurance Purchases: Evidence From Micro Data In China. The Geneva Papers on Risk and Insurance Issues and Practice, 2022. The Geneva Papers on Risk and Insurance Issues and Practice can be contacted at: Palgrave Macmillan Ltd, Brunel Rd Bldg, Houndmills, Basingstoke RG21 6XS, Hants, England.

Our news journalists report that additional information may be obtained by contacting Jun Liu, Beijing Foreign Studies University, International Business School, Beijing 100089, People’s Republic of China. Additional authors for this research include Xiao Hu and Zhengjie Wang.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1057/s41288-022-00267-5. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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