PREDICTION OF THE INSURANCE INDUSTRY DEMAND FOR A SPECIFIC MULTINATIONAL COMPANY

Robin Koklar

Abstract


The work deals with the prediction of the insurance industry demand for a multinational company in the field of life and non-life insurance. A system of simultaneous equations was applied for estimation of industry demand in different countries. The advantage of using a set of simultaneous equations is that it is possible to estimate the development of the multiple markets simultaneously. The system of simultaneous equations is estimated by three-stage least squares model and prediction for the years 2012 and 2013 was solved with a dynamic stochastic model.

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DOI: http://dx.doi.org/10.19044/esj.2014.v10n1p%25p


European Scientific Journal (ESJ)

 

ISSN: 1857 - 7881 (Print)
ISSN: 1857 - 7431 (Online)

 

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Publisher: European Scientific Institute, ESI.
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