Initial Market Assessment : Country Scoping Note--Kenya
Kenya has well-established insurance and banking sectors, both of which have demonstrated high levels of capacity through strong profit margins over time. There is high insurance penetration (compared to neighboring countries), sufficient levels of...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/07/24773655/initial-market-assessment-country-scoping-note-kenya http://hdl.handle.net/10986/22426 |
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okr-10986-22426 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ALLIANCE CATASTROPHIC RISKS IMPACTS OF CLIMATE CHANGE INCOME HOUSEHOLDS EARLY WARNING SYSTEMS RISKS FINANCIAL SERVICES PROFIT MARGINS EARLY WARNING RISK REDUCTIONS RISK REDUCTION FINANCIAL MANAGEMENT FARMER INCOME LIFE INSURANCE LAWS GOVERNMENT SPENDING PROGRAMS INFORMATION LIVESTOCK INSURANCE INSURANCE INSTRUMENTS PORTFOLIO WELFARE CREDIT COOPERATIVES INSURANCE POLICIES INSURANCE SOLUTIONS MODELS DISASTER GOVERNMENT ASSETS PUBLIC ASSETS EMERGENCY ASSISTANCE CASH TRANSFER MARKET INFRASTRUCTURE TREATIES INTERNATIONAL BANK DISASTER EVENTS DEVELOPING COUNTRY INSTRUMENTS INSURANCE MARKET MICROFINANCE INSTITUTIONS BUDGET CATASTROPHE INSURANCE CROP INSURANCE INTERNATIONAL FINANCE REINSURERS SAVINGS TSUNAMI NATURAL DISASTER DISASTER RESPONSE COSTS OF INSURANCE INSURANCE MARKETS INSURANCE PRODUCT FLOODS INSURANCE REGULATIONS EARLY WARNING SYSTEM EMERGENCIES NATURAL DISASTERS MARKETS DISASTERS INSURERS AGRICULTURAL COMMODITY EMERGENCY RESPONSE FIRE HUMANITARIAN ASSISTANCE BANKING SECTORS FARMERS RESERVES FAMINE CASH TRANSFERS FOOD AID FINANCE BROKER PUBLIC INVESTMENT BROKERS BANKS CLIMATE VARIABILITY REINSURANCE MORTALITY RISK DROUGHTS REGULATIONS EMERGENCY EARTHQUAKE FOOD SECURITY ECONOMIC COSTS POLICIES DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE SCHEMES INSURANCE COVER INSURANCE PRODUCTS MOBILE PHONE DATABASE ON DISASTERS BANK LOCAL MARKET DISASTER RISK FINANCING AGRICULTURAL INSURANCE CLIMATE DEMAND SAFETY NET BAILOUTS PROPERTY BIDS PROPERTIES INSURANCE INDUSTRY INSURANCE REGULATION MICRO-INSURANCE DISASTER MANAGEMENT TRANSACTION COSTS MARKET WARNING SYSTEM FLOOD CREDIT GUARANTEE REGULATION SET ASIDE POLICY SOLVENCY INSURANCE MICROFINANCE ECONOMIC DEVELOPMENT GOODS SECURITY LANDSLIDE INVESTMENT RISK HUMAN RESOURCES INSURANCE PILOT WARNING SYSTEMS POVERTY FINANCIAL MARKETS ALLOCATION SUPPLY INSURANCE SECTOR DISASTER RISK REDUCTION CONTINGENCY PLANNING EXTERNAL SHOCKS REVENUE MONEY MARKET PROFIT INVESTMENTS RISK MANAGEMENT LENDING INSURANCE COMPANIES FINANCIAL SECTOR SAFETY COVERAGE INSURANCE PENETRATION PRICES GUARANTEE BENEFITS RISK ANALYSIS |
| spellingShingle |
ALLIANCE CATASTROPHIC RISKS IMPACTS OF CLIMATE CHANGE INCOME HOUSEHOLDS EARLY WARNING SYSTEMS RISKS FINANCIAL SERVICES PROFIT MARGINS EARLY WARNING RISK REDUCTIONS RISK REDUCTION FINANCIAL MANAGEMENT FARMER INCOME LIFE INSURANCE LAWS GOVERNMENT SPENDING PROGRAMS INFORMATION LIVESTOCK INSURANCE INSURANCE INSTRUMENTS PORTFOLIO WELFARE CREDIT COOPERATIVES INSURANCE POLICIES INSURANCE SOLUTIONS MODELS DISASTER GOVERNMENT ASSETS PUBLIC ASSETS EMERGENCY ASSISTANCE CASH TRANSFER MARKET INFRASTRUCTURE TREATIES INTERNATIONAL BANK DISASTER EVENTS DEVELOPING COUNTRY INSTRUMENTS INSURANCE MARKET MICROFINANCE INSTITUTIONS BUDGET CATASTROPHE INSURANCE CROP INSURANCE INTERNATIONAL FINANCE REINSURERS SAVINGS TSUNAMI NATURAL DISASTER DISASTER RESPONSE COSTS OF INSURANCE INSURANCE MARKETS INSURANCE PRODUCT FLOODS INSURANCE REGULATIONS EARLY WARNING SYSTEM EMERGENCIES NATURAL DISASTERS MARKETS DISASTERS INSURERS AGRICULTURAL COMMODITY EMERGENCY RESPONSE FIRE HUMANITARIAN ASSISTANCE BANKING SECTORS FARMERS RESERVES FAMINE CASH TRANSFERS FOOD AID FINANCE BROKER PUBLIC INVESTMENT BROKERS BANKS CLIMATE VARIABILITY REINSURANCE MORTALITY RISK DROUGHTS REGULATIONS EMERGENCY EARTHQUAKE FOOD SECURITY ECONOMIC COSTS POLICIES DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE SCHEMES INSURANCE COVER INSURANCE PRODUCTS MOBILE PHONE DATABASE ON DISASTERS BANK LOCAL MARKET DISASTER RISK FINANCING AGRICULTURAL INSURANCE CLIMATE DEMAND SAFETY NET BAILOUTS PROPERTY BIDS PROPERTIES INSURANCE INDUSTRY INSURANCE REGULATION MICRO-INSURANCE DISASTER MANAGEMENT TRANSACTION COSTS MARKET WARNING SYSTEM FLOOD CREDIT GUARANTEE REGULATION SET ASIDE POLICY SOLVENCY INSURANCE MICROFINANCE ECONOMIC DEVELOPMENT GOODS SECURITY LANDSLIDE INVESTMENT RISK HUMAN RESOURCES INSURANCE PILOT WARNING SYSTEMS POVERTY FINANCIAL MARKETS ALLOCATION SUPPLY INSURANCE SECTOR DISASTER RISK REDUCTION CONTINGENCY PLANNING EXTERNAL SHOCKS REVENUE MONEY MARKET PROFIT INVESTMENTS RISK MANAGEMENT LENDING INSURANCE COMPANIES FINANCIAL SECTOR SAFETY COVERAGE INSURANCE PENETRATION PRICES GUARANTEE BENEFITS RISK ANALYSIS World Bank Initial Market Assessment : Country Scoping Note--Kenya |
| geographic_facet |
Africa Kenya |
| relation |
Political Champions Group country note; |
| description |
Kenya has well-established insurance and
banking sectors, both of which have demonstrated high levels
of capacity through strong profit margins over time. There
is high insurance penetration (compared to neighboring
countries), sufficient levels of reinsurance capacity and
expertise in-country and a ground-breaking innovative mobile
money market. Kenya represents an excellent opportunity to
make targeted investments aimed at increasing disaster
resilience among vulnerable population using market-mediated
solutions. Links could be explored to integrate
market-mediated insurance solutions into social safety net
programs, such as the Hunger Safety Net Program.
Coordination with broader Horn of Africa resilience efforts
(such as those of the Global Alliance and Political
Champions Group) could also be explored. A technical
assistance program could be established by donors, looking
to enable the government to develop mechanisms and establish
frameworks to execute such mechanisms. Property catastrophe
insurance markets could also be stimulated. Insuring key
public assets (of a given level of building standard)
against catastrophe risk would create a market for private
sector organizations, as well as demonstrate the viability
of property catastrophe risk insurance in Kenya. Such a
venture would ensure the critical mass is achieved for
private sector insurance companies to invest and develop the
market further, looking to compete and provide catastrophe
insurance cover to other non-governmental organizations |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Initial Market Assessment : Country Scoping Note--Kenya |
| title_short |
Initial Market Assessment : Country Scoping Note--Kenya |
| title_full |
Initial Market Assessment : Country Scoping Note--Kenya |
| title_fullStr |
Initial Market Assessment : Country Scoping Note--Kenya |
| title_full_unstemmed |
Initial Market Assessment : Country Scoping Note--Kenya |
| title_sort |
initial market assessment : country scoping note--kenya |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/07/24773655/initial-market-assessment-country-scoping-note-kenya http://hdl.handle.net/10986/22426 |
| _version_ |
1764451049239740416 |
| spelling |
okr-10986-224262021-04-23T14:04:08Z Initial Market Assessment : Country Scoping Note--Kenya World Bank ALLIANCE CATASTROPHIC RISKS IMPACTS OF CLIMATE CHANGE INCOME HOUSEHOLDS EARLY WARNING SYSTEMS RISKS FINANCIAL SERVICES PROFIT MARGINS EARLY WARNING RISK REDUCTIONS RISK REDUCTION FINANCIAL MANAGEMENT FARMER INCOME LIFE INSURANCE LAWS GOVERNMENT SPENDING PROGRAMS INFORMATION LIVESTOCK INSURANCE INSURANCE INSTRUMENTS PORTFOLIO WELFARE CREDIT COOPERATIVES INSURANCE POLICIES INSURANCE SOLUTIONS MODELS DISASTER GOVERNMENT ASSETS PUBLIC ASSETS EMERGENCY ASSISTANCE CASH TRANSFER MARKET INFRASTRUCTURE TREATIES INTERNATIONAL BANK DISASTER EVENTS DEVELOPING COUNTRY INSTRUMENTS INSURANCE MARKET MICROFINANCE INSTITUTIONS BUDGET CATASTROPHE INSURANCE CROP INSURANCE INTERNATIONAL FINANCE REINSURERS SAVINGS TSUNAMI NATURAL DISASTER DISASTER RESPONSE COSTS OF INSURANCE INSURANCE MARKETS INSURANCE PRODUCT FLOODS INSURANCE REGULATIONS EARLY WARNING SYSTEM EMERGENCIES NATURAL DISASTERS MARKETS DISASTERS INSURERS AGRICULTURAL COMMODITY EMERGENCY RESPONSE FIRE HUMANITARIAN ASSISTANCE BANKING SECTORS FARMERS RESERVES FAMINE CASH TRANSFERS FOOD AID FINANCE BROKER PUBLIC INVESTMENT BROKERS BANKS CLIMATE VARIABILITY REINSURANCE MORTALITY RISK DROUGHTS REGULATIONS EMERGENCY EARTHQUAKE FOOD SECURITY ECONOMIC COSTS POLICIES DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE SCHEMES INSURANCE COVER INSURANCE PRODUCTS MOBILE PHONE DATABASE ON DISASTERS BANK LOCAL MARKET DISASTER RISK FINANCING AGRICULTURAL INSURANCE CLIMATE DEMAND SAFETY NET BAILOUTS PROPERTY BIDS PROPERTIES INSURANCE INDUSTRY INSURANCE REGULATION MICRO-INSURANCE DISASTER MANAGEMENT TRANSACTION COSTS MARKET WARNING SYSTEM FLOOD CREDIT GUARANTEE REGULATION SET ASIDE POLICY SOLVENCY INSURANCE MICROFINANCE ECONOMIC DEVELOPMENT GOODS SECURITY LANDSLIDE INVESTMENT RISK HUMAN RESOURCES INSURANCE PILOT WARNING SYSTEMS POVERTY FINANCIAL MARKETS ALLOCATION SUPPLY INSURANCE SECTOR DISASTER RISK REDUCTION CONTINGENCY PLANNING EXTERNAL SHOCKS REVENUE MONEY MARKET PROFIT INVESTMENTS RISK MANAGEMENT LENDING INSURANCE COMPANIES FINANCIAL SECTOR SAFETY COVERAGE INSURANCE PENETRATION PRICES GUARANTEE BENEFITS RISK ANALYSIS Kenya has well-established insurance and banking sectors, both of which have demonstrated high levels of capacity through strong profit margins over time. There is high insurance penetration (compared to neighboring countries), sufficient levels of reinsurance capacity and expertise in-country and a ground-breaking innovative mobile money market. Kenya represents an excellent opportunity to make targeted investments aimed at increasing disaster resilience among vulnerable population using market-mediated solutions. Links could be explored to integrate market-mediated insurance solutions into social safety net programs, such as the Hunger Safety Net Program. Coordination with broader Horn of Africa resilience efforts (such as those of the Global Alliance and Political Champions Group) could also be explored. A technical assistance program could be established by donors, looking to enable the government to develop mechanisms and establish frameworks to execute such mechanisms. Property catastrophe insurance markets could also be stimulated. Insuring key public assets (of a given level of building standard) against catastrophe risk would create a market for private sector organizations, as well as demonstrate the viability of property catastrophe risk insurance in Kenya. Such a venture would ensure the critical mass is achieved for private sector insurance companies to invest and develop the market further, looking to compete and provide catastrophe insurance cover to other non-governmental organizations 2015-08-17T15:49:41Z 2015-08-17T15:49:41Z 2013-09-22 Report http://documents.worldbank.org/curated/en/2015/07/24773655/initial-market-assessment-country-scoping-note-kenya http://hdl.handle.net/10986/22426 English en_US Political Champions Group country note; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study Africa Kenya |