TY  - JOUR
AU  - Dragos, Cristian 
AU  - Dragos, Simona 
PY  - 2009
TI  - A Multinomial Logit Based Evaluation of the Behavior of the Life Insureds in Romania 
JF  - American Journal of Applied Sciences
VL  - 6
IS  - 1
DO  - 10.3844/ajassp.2009.124.129
UR  - https://thescipub.com/abstract/ajassp.2009.124.129
AB  - The Romanian life insurance market is in full expansion. There exists competition between insurance companies as well as between different products of the same company. In this article we describe a study using data that we collected from clients of a Romanian insurance company. We have observed two types of variables: attributes of the insurance products (e.g., profitability, risk), as well as characteristics of the individuals (e.g., sex, age, income). Using elements of economic theory and a multinomial logit model we explain the behavior of the life insureds. We estimate the variations in the market shares of life insurance products using marginal effects. The variations are due to possible changes in the values of some attributes or characteristics.