Major:
The study aims to identify the determinants of insurance demand during the 2007 global financial crisis (10-year period from 2004/5 to 2013/4). In addition, it seems to be focusing on the impact of the 2007 global financial crisis (measured by a dummy: 1 for the years between 2007-2010) on insurance; arguing that little focus has been given to this in the emerging Asian economies.

My concern: If the duration of the 2007 global financial crisis (as defined by the paper) is 2007-2010, then, it is somewhat not clear how the explored factors capture the determinants of insurance during the 2007 financial crisis (implicitly redefined as the 10-year period from 2004/5 to 2013/4).

Minor:
Is the study period from 2004 to 2013 (see, p. 3 line 3) or from 2005 to 2014 (see, p. 7 line 19)?

Interesting paper.