While the real sector and governments (along with a few micro economists) have long recognized the core economic role that the insurance function plays, the mainstream economics profession has largely...
Bancassurance is the process of using a bank's customer relationships to sell life and non-life insurance products. In some developed countries it has had a dramatic impact on developing sales volumes...
This paper studies the causes of the low development of the insurance sector in the Middle East and North African (MENA) region, particularly for long term insurance. The paper shows that life and non-life...
The insurance sector can play a critical role in financial and economic development. By reducing uncertainty and the impact of large losses, the sector can encourage new investments, innovation, and competition...
This paper discusses how the importance of adequate consumer protection and financial literacy for the long-term stability of the financial sector, has been highlighted by the recent turmoil in financial...
A sound corporate governance framework ensures that insiders do not use their privileged position to the disadvantage of other stakeholders, notably small minority shareholders, creditors and in the case...
Each year the global economy adds an estimated 150 million new consumers of financial services. Most are in developing countries, where consumer protection and financial literacy are still in their infancy...
The distribution of insurance is handled in a number of ways. The main channels include direct sales by insurance companies, agents and brokers (known generically as intermediaries), banks (bank-assurance)...
Insurance in its pure form is a social good and in a number of cases can be classified as a public good (that is, it generates desirable externalities). Insurance companies, mutuals and cooperatives enable...
This diagnostic review covers governance of the supplementary pension fund sector of the Czech Republic and was prepared at the request of the Czech Ministry of Finance. The review has three objectives:...
This assessment of the governance of the Czech insurance sector has three objectives: (1) develop a set of best practice benchmarks for assessing the governance of insurance sectors in the Europe and Central...
This publication, Earthquake insurance in Turkey, is an exposition of the dangers faced by Turkey as it is located in one of the most active earthquake (EQ) and volcanic regions in the world on the one...
This insurance governance assessment is one of a series of pilot financial sector governance assessments prepared by the World Bank at the request of the Czech Government, which has taken the lead in supporting...
The aim of this study is to assess the current capacity of Mexico to deal with disaster risk and to identify ways in which the impacts of catastrophes on the economy can be reduced. The study analyzes...