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Extending Financial Literacy to Insurance Literacy – A Survey Approach

Xi, Lin, Stacey; Bruhn, Aaron; William, Jananie


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,...[Show more]

CollectionsANU Research Publications
Date published: 2018
Type: Journal article
Source: Accounting & Finance
DOI: 10.1111/acfi.12353


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