various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment … insurance outlays.1 …

This paper examines the endogeneity of several structural variables which enter unemployment rate equations …—the generosity of unemployment benefits, nonwage labor costs, the relative minimum wage, and the degree of unionization. It finds … evidence of reverse causality for these structural variables based on causality tests. The structural unemployment rate …

integration, supervisory responses, development of the insurance sector, payment and securities settlement arrangements, and …

This paper examines the Insurance Regulation and Supervision for Cyprus’s Financial Sector Assessment Program. The … domestic nonlife market is dominated by motor insurance which accounted for 58 percent of net premiums. All Cypriot business is … reinsured with nondomiciled reinsurers. Health insurance is regulated as nonlife business when written as add-ons to accident …

This paper presents a factual update of the Insurance Core Principles including insurance sector market and regulatory … insurance industry to bring it in line with international best practices. The Insurance Supervision Law (ISL) has reoriented the … management, and market conduct of insurance intermediaries. The ISL also provides for a range of corrective and preventive …

practices and stress test results carried out for the Mexican commercial banks and the insurance sector. The stress test results …

This technical note covers the insurance sector supervised by the CBR. The analysis was carried out as part of the 2016 … during the mission. The assessment has been supported by discussions with the CBR and the insurance market participants. the … Russian insurance industry ranked 27th in the world. Non-life insurance premium accounted for 89 percent of GPW while life …

This assessment of insurance regulation in Indonesia was carried out as part of the 2016-17 Financial Sector Assessment … Program (FSAP). The Indonesian insurance sector is still vulnerable to a number of material risks. A number of insurers have … relaxed for nine months while introducing the temporary suspension of mark to market valuation rules. The Indonesian insurance …

The Thai insurance sector is a relatively small but growing part of the country's financial services industry …. Insurance sector assets have grown from 10 percent of gross domestic product (GDP) in 2006 to over 22 percent of GDP in 2016 … same period. As a result, the insurance penetration ratio (the ratio of premiums written to GDP) has gradually increased …

The penetration level of the insurance and pension sectors in Malawi is low, but it seems adequate as compared with … inexistent and supervision is weak. An innovative pilot experience of weather micro-insurance is a good example of private … needs to take into account that possibilities to increase micro-insurance penetration may be affected by the level of …