Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan

Several empirical studies have attempted to clarify whether differences in regulations affect people’s behavior. However, due to a lack of data, few have attempted to clarify whether these differences affect the purchase of insurance. Therefore, in this study, I conducted a survey of consumers in Ja...

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Main Author: Yoshihiro Asai
Format: Article
Language:English
Published: MDPI AG 2025-06-01
Series:Risks
Subjects:
Online Access:https://www.mdpi.com/2227-9091/13/6/115
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author Yoshihiro Asai
author_facet Yoshihiro Asai
author_sort Yoshihiro Asai
collection DOAJ
description Several empirical studies have attempted to clarify whether differences in regulations affect people’s behavior. However, due to a lack of data, few have attempted to clarify whether these differences affect the purchase of insurance. Therefore, in this study, I conducted a survey of consumers in Japan and analyzed the characteristics of those who bought bicycle insurance. My findings are as follows: First, users tend to purchase bicycle insurance in prefectures where it is compulsory. Second, bicycle users with a high level of insurance knowledge tend to purchase insurance. Third, consumers who use bicycles more frequently tend to purchase insurance.
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spelling doaj-art-752c589f876843d79dde33edec8abbfc2025-08-20T03:29:52ZengMDPI AGRisks2227-90912025-06-0113611510.3390/risks13060115Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in JapanYoshihiro Asai0School of Commerce, Meiji University, Tokyo 101-8301, JapanSeveral empirical studies have attempted to clarify whether differences in regulations affect people’s behavior. However, due to a lack of data, few have attempted to clarify whether these differences affect the purchase of insurance. Therefore, in this study, I conducted a survey of consumers in Japan and analyzed the characteristics of those who bought bicycle insurance. My findings are as follows: First, users tend to purchase bicycle insurance in prefectures where it is compulsory. Second, bicycle users with a high level of insurance knowledge tend to purchase insurance. Third, consumers who use bicycles more frequently tend to purchase insurance.https://www.mdpi.com/2227-9091/13/6/115bicycle insuranceregulationinsurance knowledgequestionnaire survey
spellingShingle Yoshihiro Asai
Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan
Risks
bicycle insurance
regulation
insurance knowledge
questionnaire survey
title Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan
title_full Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan
title_fullStr Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan
title_full_unstemmed Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan
title_short Do Regulations and Insurance Knowledge Affect Insurance Demand? Evidence from Bicycle Insurance in Japan
title_sort do regulations and insurance knowledge affect insurance demand evidence from bicycle insurance in japan
topic bicycle insurance
regulation
insurance knowledge
questionnaire survey
url https://www.mdpi.com/2227-9091/13/6/115
work_keys_str_mv AT yoshihiroasai doregulationsandinsuranceknowledgeaffectinsurancedemandevidencefrombicycleinsuranceinjapan