[1] A.L. Alhassan and N. Biekpe, Determinants of life insurance consumption in Africa, Res. Int. Bus. Financ. 37 (2016), 17–27.

[2] H.R. Alipur and R. Javadpur, Investigating the economic and social factors affecting the demand for life insurance in different provinces of the country, 10th Int. Conf. Econ. Manag., 2017, pp. 1–13.

[3] S. Asadi Gharagoz, A. Arshadi and G.A. Haji, Economic-social factors affecting the development of life insurance, a comparative study between Iran and developed countries during the period of 1985-2014: the approach of generalized moments, Sci.-Res. J. Insurance Res. 32 (2017), no. 3, 21–40.

[4] S. Asadzadeh and M. Naghibi, The effect of insurance development on economic growth in selected countries (with emphasis on the role of environmental institutions), Appl. Econ. 8 (2018), no. 26, 38–49.

[5] S.E. Ayyubi and A. Widyastutik, The impact of macroeconomic indicators on Islamic insurance demand in Indonesia, Al-Iqtishad: J. Ilmu Ekonomi Syariah (J. Islamic Econ.) 11 (2019), no. 2, 181–200.

[6] M. Balcilar, R. Gupta, C.C. Lee and G. Olasehinde-Williams, Insurance and economic policy uncertainty, Res. Int. Bus. Financ. 54 (2020), 101253.

[7] A.R. Ghasemi, The influence of institutional factors and macroeconomic variables on the structure of the insurance industry in Iran and selected countries, Insurance Res. 1 (2015), no. 1, 35–54.

[8] R. Imani, Investigation of the influencing factors on insurance demand, 26th Nat. Conf. Insurance Dev. Increase Insurance Penetration; Challenges and solutions, 2019, pp. 1–15.

[9] F. Jahani and A. Dehghani, The effect of the expansion of the insurance industry on the economic growth of MENA countries (between 1997 and 2010), Financ. Econ. 9 (2015), no. 32, 123–138.

[10] G.R. Keshavarz Haddad and M. Amir Khanloo, Test of asymmetric information in the automobile insurance industry of Iran, Sci. J. Econ. Stud. Policies 20 (2011), no. 20, 130–158.

[11] F. Khamesian and S. Sakhayi, Investigating the role of economic factors on increasing the penetration rate of the country’s insurance industry, 26th Nat. Conf. Insurance Dev. Increas. Penetration Rate of Insurance; challenges and solutions, 2019, pp. 41–54.

[12] A. Lotfi, Investigating the effect of macroeconomic variables on the demand for personal insurance, Financ. Monetary Econ. 23 (2016), no. 12, 235–268.

[13] I.V. Okonkwo and A.U. Eche, Insurance penetration rate and economic growth in Nigeria: 1981–2017, Int. J. Soc. Sci. Manag. Rev. 2 (2019), no. 1, 21–45.

[14] B. Suri, The role of the insurance industry in facilitating and promoting economic activities, Special. Sci. Educ. J. Tactic Manag. 28 (2017), no. 300, 35–36.

[15] S. Zeroki and M. Motameni, Analysis of life insurance with an emphasis on macroeconomic and demographic variables, J. Econ. 14 (2014), no. 7 and 8, 17–34.