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In other words, the expansion of the financial system precedes the demand for services.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Design\/methodology\/approach<\/jats:title><jats:p>The paper conducts OLS estimations between premiums and the gross domestic product (GDP) in order to evaluate the economic growth, in addition to the ratio of the broader definition of money (M2) to GDP and the ratio of currency to demand deposits (M1\/M2), in order to assess financial development.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Findings<\/jats:title><jats:p>The level of the gross domestic product is the only factor explaining the level of property\u2010liability insurance demand in Portugal.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Originality\/value<\/jats:title><jats:p>To the best of the author's knowledge, this is the first attempt to examine determinants of property\u2010liability casualty insurance in Portugal, using time series data.<\/jats:p><\/jats:sec>","DOI":"10.1108\/01443581211255648","type":"journal-article","created":{"date-parts":[[2012,8,22]],"date-time":"2012-08-22T13:11:27Z","timestamp":1345641087000},"page":"440-450","source":"Crossref","is-referenced-by-count":12,"title":["Determinants of the property\u2010liability insurance market: evidence from Portugal"],"prefix":"10.1108","volume":"39","author":[{"given":"Maria Teresa","family":"Medeiros Garcia","sequence":"first","affiliation":[]}],"member":"140","reference":[{"key":"key2022012320192641800_b1","doi-asserted-by":"crossref","unstructured":"Arena, M. 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