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http://repository.kln.ac.lk/handle/123456789/25055
Title: | Perceived Risk Factors Affecting Consumers’ Online Insurance Policy Purchase Behavior |
Authors: | Weerasiri, R.A.U.I. Chathurika, H.L.D.J. |
Keywords: | Online purchasing, Security, life insurance policy, Online consumer behavior |
Issue Date: | 2021 |
Publisher: | Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka |
Citation: | Weerasiri R.A.U.I.; Chathurika H.L.D.J., (2021Perceived Risk Factors Affecting Consumers’ Online Insurance Policy Purchase Behavior, 10th Students’ Research Symposium, Department of Finance, Faculty of Commerce and Management Studies University of Kelaniya Sri Lanka, Faculty of Graduate Studies - University of Kelaniya, Sri Lanka. 80p. |
Abstract: | Introduction: This paper examines the relationship between four factors of consumers’ perceived risk and consumers’ online life insurance policy purchase intentions. Design/Methodology/Approach: A questionnaire was used to collect data, and regression analysis was used to test the hypotheses. A total of 110 respondents have contributed to the survey, and data were quantitatively analysed via IBM SPSS Statistics 23. Findings: The findings suggest that consumers perceived risks when purchasing a life insurance policy online. All the four perceived risk factors have a significant negative influence on consumer online life insurance policy purchase intention. Conclusion: This research gives useful information to insurance companies in online activities and hopes that the findings of this study can help insurance companies to formulate strategies to reduce risks in online purchasing. The development of online shopping has led to some challenges. This issue appears because many insurance companies who do online activities do not understand the main factors contributing to consumers’ perceived risk. Studies on consumers’ perceived risks toward online life insurance policy purchase intentions are still inconclusive. Thus, this paper fills the gap in the research area. |
URI: | http://repository.kln.ac.lk/handle/123456789/25055 |
Appears in Collections: | 10th Students' Research Symposium 2021 |
Files in This Item:
File | Description | Size | Format | |
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2021SRS 80.pdf | 218.49 kB | Adobe PDF | View/Open |
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