Takaful and Mutual Insurance : Alternative Approaches to Managing Risks

Access to insurance, as part of a broad range of essential financial services, is especially important for poor households in order to smooth consumption, build assets, absorb shocks, and manage risks associated with irregular and unpredictable income. Without access to good formal insurance service...

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Bibliographic Details
Main Author:	Gönülal, Serap O.
Format:	Publication
Language:	en_US
Published:	Washington, DC: World Bank 2013
Subjects:	Access to insurance Accounting actuarial science actuaries amount of capital Assurance auditors balance sheet balance sheets bilateral transaction bond broker business laws capacity building capital adequacy capital base capital markets capital requirements casualty insurance central banks Chapter 13 Chapter 7 claim commercial law commissions conflict of interest conflicts of interest consumers contractual terms conventional insurance Cooperative Insurance Cooperatives Corporate Governance coverage credit standing criminal law debt debt instruments debts deficits dependent Deposit Deposits developing countries Development Bank dividends Earthquake Insurance economic development emerging economies equities equity holders estate finances financial constraints financial crisis Financial Flows Financial Institutions financial reporting free assets global market good governance holding Holdings implicit guarantee indemnity inflation insolvencies Instrument Insurance insurance broker Insurance Companies insurance company Insurance Exchange insurance funds insurance industry insurance market Insurance Markets insurance policy insurance premiums insurance products insurance regulation insurance regulations insurance risk Insurance Supervisors insured events insured risks Insurers integrity interest Cost interest income interest rates interests of stakeholders International Bank international trade investing investment activities investment decisions investment instruments investment opportunities Investment risk investment risks Investment Strategy investments in equities Islamic bonds Islamic finance Islamic Financial Institutions Islamic Financial Services Islamic Insurance Islamic investments Islamic markets Islamic transactions issuance joint stock companies joint stock company judgment jurisdiction Jurisdictions lack of transparency leverage liability liability insurance life insurance loan long-term investment loss of property market development Market Share market value merger Micro Insurance Microcredit microfinance microfinance institution Microinsurance minimum capital requirements Monetary Fund mortgage nonpayment ownership structure ownership structures Policyholders poor reputation portfolio Poverty Alleviation principal-agent relationship profitability programs property investments quality of assets Regulatory Framework regulatory frameworks Reinsurance reinsurance companies reinsurers reserves return returns riba risk allocation risk capital risk management Risk mitigation risk premiums Risk sharing risk transfer Risk Underwriting risk-sharing arrangements risk-sharing mechanism savings secondary markets settlements shareholder Shareholders Solvency solvent Specific debt sukuk supervisory board sustainability Takaful tax tax incentives trading transaction Treasury treaties treaty trust fund turnover underwriters winding up
Online Access:	http://hdl.handle.net/10986/13087

Internet

http://hdl.handle.net/10986/13087

Takaful and Mutual Insurance : Alternative Approaches to Managing Risks

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