Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Extending financial literacy to insurance literacy: a survey approach

Extending financial literacy to insurance literacy: a survey approach We extend behavioural research in investment and retirement savings to insurance, by investigating factors that may influence individuals’ insurance decision making. These factors include financial literacy, specialist insurance education and some behavioural biases. Based on a definition of insurance literacy that requires both having, and applying insurance knowledge, we find from a survey of postgraduate students that financial literacy does not necessarily translate to insurance literacy, whereas more specialised education can improve insurance literacy. Results also indicate specialist education potentially reduces susceptibility to anchoring effects. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting & Finance Wiley

Extending financial literacy to insurance literacy: a survey approach

Loading next page...
 
/lp/wiley/extending-financial-literacy-to-insurance-literacy-a-survey-approach-9iY5ktdP0W

References (57)

Publisher
Wiley
Copyright
"Accounting and Finance © 2019 AFAANZ"
ISSN
0810-5391
eISSN
1467-629X
DOI
10.1111/acfi.12353
Publisher site
See Article on Publisher Site

Abstract

We extend behavioural research in investment and retirement savings to insurance, by investigating factors that may influence individuals’ insurance decision making. These factors include financial literacy, specialist insurance education and some behavioural biases. Based on a definition of insurance literacy that requires both having, and applying insurance knowledge, we find from a survey of postgraduate students that financial literacy does not necessarily translate to insurance literacy, whereas more specialised education can improve insurance literacy. Results also indicate specialist education potentially reduces susceptibility to anchoring effects.

Journal

Accounting & FinanceWiley

Published: Apr 1, 2019

Keywords: ; ; ; ;

There are no references for this article.