Insurance and Issues in Financial Soundness
Download or Read eBook Insurance and Issues in Financial Soundness PDF written by Nigel Davies and published by International Monetary Fund. This book was released on 2003-07-01 with total page 45 pages. Available in PDF, EPUB and Kindle.
| Author | : Nigel Davies |
| Publisher | : International Monetary Fund |
| Total Pages | : 45 |
| Release | : 2003-07-01 |
| ISBN-10 | : 9781451856002 |
| ISBN-13 | : 1451856008 |
| Rating | : 4/5 (02 Downloads) |
Book Synopsis Insurance and Issues in Financial Soundness by : Nigel Davies
Book excerpt: 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 this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
