Moneter : Jurnal Keuangan dan Perbankan
Vol. 12 No. 2 (2024): JULI

The Influence of Insurance Literacy and Usefulness on Increasing Fire Insurance Products for Traders in the Market (Case Study of the Kampung Keling Market, Medan)

Siregar, Khidir (Unknown)
Imsar (Unknown)
Nasution, Juliana (Unknown)



Article Info

Publish Date
30 Jul 2024

Abstract

Many variables, such as inadequate socialization and education, might contribute to the issue of low fire insurance literacy. Therefore, the local populace still knows very little or nothing about fire insurance. With a case study of the Kampung Keling market in Medan, this study attempts to ascertain the impact of insurance literacy and usefulness on boosting fire insurance products for traders in the market. In this study, a descriptive methodology is combined with a quantitative approach. 96 merchants at Pasar Kampung Keling Medan were surveyed in order to get the study data. Multiple linear regression was used to evaluate the data. The findings indicated that the applicability and favorable impact of insurance literacy on the uptake of fire insurance products by Pasar Kampung Keling Medan traders was noteworthy. This demonstrates how traders' interest in insurance goods may rise when they are informed about the advantages of insurance and have pleasant insurance-related experiences.

Copyrights © 2024






Journal Info

Abbrev

MONETER

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance

Description

Moneter: Jurnal Keuangan dan Perbankan mempunyai fokus dalam kajian keuangan dan perbankan , dengan scope sebagai berikut: Dasar-dasar keuangan dan perbankan syariah dan konvensional Bisnis Teknologi ...