 Pietro Masci Insurance and Entrepreneurship: a Conceptual Framework Journal of the Washington Institute of China Studies - Spring 2012
Historical and literature reviews as well as considerations on the issue of risk aversion and entrepreneurship show that insurance can reduce uncertainty, protect assets, and ultimately support entrepreneurship and economic activity.
Insurance and the various policies have their unified characteristic as a business that has the institutional role of supporting other business activities. Thus the development of insurance is commingled with other economic activities and initiatives and with economic growth.
However, the conditions for insurance in emerging markets—and in particular in Latin America and the Caribbean—are not primarily conducive to economic activity and entrepreneurship. There are numerous reasons for this, including institutional shortcomings and insurance premiums that do not reflect fair prices.
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(04/01/2012)
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