The insurance sector provides protection to individuals and businesses against many types of risks and also promotes economic growth, being an important source of long-term capital. Analyzing factors that facilitate insurance sector development is important for both individuals and the entire economy. The purpose of this study is to investigate the relationship between information and communication technologies (ICT) represented by mobile cellular subscriptions per 100 people and individuals using the Internet (% of population) and insurance sector development represented by insurance company assets to GDP (%). Using data from 10 new member states of the European Union for the period 2000–2020, this study reveals a mutual interaction between ICT penetration indicators and insurance sector development. Furthermore, a regression analysis reveals that Internet penetration has a significant positive influence on insurance sector growth. Specifically, at the country level, the results indicate the existence of bidirectional causality between mobile cellular subscriptions and the insurance sector in Latvia, Poland, and Slovakia, and unidirectional causality between insurance and mobile cellular subscriptions in Estonia and Hungary.

Stock markets foster economic growth through meeting the fund requirements of the firms by individual and institutional investors. Pension funds and insurance companies with their long-term investment horizon are critical institutional investors in capital markets. Therefore, this article explores the effect of pension funds and insurance companies on stock market development in 15 emerging market economies over the 2004–2019 period through panel cointegration and causality tests. The causality analysis revealed that stock market development had a significant impact on pension funds and the insurance sector in the short term. However, the cointegration analysis revealed that pension funds had a positive effect on stock market development in Brazil, Chile, Hungary, Mexico, Peru, and South Africa and the insurance sector had a positive impact on stock market development in Chile, Indonesia, Korea Republic, Philippines, and South Africa in the long term.

In the contemporary era of accelerated artificial intelligence (AI) development, governments are progressively embedding AI technologies within administrative structures and public service delivery systems, thereby influencing green growth through a variety of direct and indirect mechanisms. This study examines the impact of governmental artificial intelligence, captured by readiness of governments for the adoption of artificial intelligence, alongside key macroeconomic, social, and institutional governance factors, on green growth across European Union countries between 2019 and 2023. Employing a combination of static and dynamic panel econometric techniques (OLS, FGLS, PCSE, LIML-IV, and system GMM), the analysis reveals that governmental deployment of AI exerts a positive effect on green growth within the sample. The empirical results demonstrate that governments’ readiness to systematically deploy AI exerts a positive influence on green growth, thereby supporting the hypothesis that governmental AI capabilities foster sustainable development. The positive coefficient on the lagged green growth, together with the stable significance levels across all model specifications, provides quantitative evidence that governmental AI readiness has a positive and statistically significant effect on green growth. The synergistic interaction among macroeconomic, social, and institutional governance factors provides strong empirical support for the design of robust policies that promote the implementation of AI at the governmental level, coupled with mechanisms to stimulate economic expansion, public investment, and foreign capital inflows.