Spatial processes in the european motor insurance market

Anotace: Using the motor insurance density for 31 European countries, we evaluate the presence of spatial processes and the influence of different factors upon their intensity. Spatial panel regressions point out significant spatial autoregressive influences, both for dependent variables and for GDP/cap. While diffusion is confirmed by the positive coefficient of the spatial lag, the average GDP/cap value of the neighbours has a negative impact, coming from the multidirectional interactions that characterize space. A positive impact of road fatalities is pointed out, both in the economy of each spatial unit and internationally. Consequently, significant spillover effects are emphasized by our analysis.