Análise da contribuição da actividade seguradora no crescimento econômico em Moçambique: uma exploração empírica (1985-2005)

Abstract

This study sought to test the existence of empirical relationships between insurance market development and economic growth in Mozambique. It is concluded that such relationships exist, although they are still very weak. The various studies carried out in other countries have revealed that there are stable empirical relationships between insurance market activity and economic growth, with the exception of the study by Faria (2005) for Brazil which reveals that insurance in Brazil has been a consequence of the EC, it is not yet a “lever” of the EC. The main demand indicators in the insurance market in Mozambique are far below world values, due to the low level of economic development and poverty. The life branch is almost non-existent in the country, due to cultural factors, low educational level, low income, lack of dissemination of these insurances, etc. The demand for insurance is low due to factors common to those mentioned in relation to life insurance, combined with the absence of legislation that makes insurance compulsory in all its branches. Surprisingly, unlike in Brazil, the empirical study carried out in this work, to investigate the causality between Gross Domestic Product and Premiums Traded in the Insurance Market in Mozambique, revealed a reciprocal causality relationship, that is, GDP causes PC and vice- versa. Unlike Brazil, insurance in Mozambique is not a mere consequence of economic growth; rather, they generate economic growth. This finding is an incentive for the government to invest more and more in this sector, through the creation of legislation that makes insurance in its various modalities compulsory and, for insurers, the creation of micro-insurance that covers low-income individuals .(TRADUÇÃO NOSSA)