Developing Insurance Markets : Use of Financial Health and Stability Indicators in Insurance Supervision
Insurance is an important part of the financial sector. It supports broader economic and general well‐being in developed economies in a way that is so entrenched and accepted that it is not widely recognized. In less developed markets, insurance ca...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/298031600662222680/Developing-Insurance-Markets-Use-of-Financial-Health-and-Stability-Indicators-in-Insurance-Supervision http://hdl.handle.net/10986/34570 |
| Summary: | Insurance is an important part of the
financial sector. It supports broader economic and general
well‐being in developed economies in a way that is so
entrenched and accepted that it is not widely recognized. In
less developed markets, insurance can remain nascent for
many years and then pick up through a dynamic development
phase and reach a more mature phase. As will be expected,
many actors contribute to this development. This report is
part of a larger effort to understand the key drivers of
development in insurance sectors in a range of jurisdictions
especially including the role of policy and project
interventions. This report contributes to two of the
identified imperatives for development in particular.
Development has been found to be supported by more effective
policy leadership, which needs adequate and effective
metrics, and by a better implemented risk‐based rather than
rules-based approach to supervision. |
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