some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that …. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks … still in their infancy. Similarly, despite the introduction of new private sector insurance companies coverage of insurance …

exports of all five broad categories of the U.K.'s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.'s export of financial and insurance services may be minor …

of IFRS 17. The paper is based on the results of a survey of 20 insurance supervisors. Overall, IFRS 17 is a welcome … development but there will be challenges of implementation. Not many insurance supervisors currently intend to use IFRS 17 as a …

ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a … key instrument to mitigate the risks; proposes ways to judge the adequacy of insurance; and considers ways to enhance its … use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through …

Insurance enterprises provide services, called insurance services, to policyholders. The values of such services are … discusses the treatment of insurance services, and related transactions, in the balance of payments. A simple measure, based on … a number of assumptions, of nonlife insurance services is considered. The assumptions underlying this measure are then …

This paper focuses on asset allocation decisions of life insurance companies in emerging markets. Mature market … markets play an important role in asset allocation decisions of insurers. Insurance companies are increasingly adopting asset …

This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the … institutions including insurance and pensions; and 5) the need to revisit the resolution and crisis management framework for … insurance and pensions …

of Knightian uncertainty. This paper correlates non-life insurance penetration in 70 countries with income level …, financial sector depth, country risk, a measure of cost of insurance, and the World Bank governance indexes. We find that …

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the … insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic … implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on …