Political Champions Partnership for Stimulating Insurance Penetration in Lower Income Countries : Initial Market Surveys Summary Note
After the last Champions’ meeting in April, an expert-level group consisting of donors, insurers and international financial institutions was formed to act on the decision to undertake joint work to scale up disaster risk insurance in lower income...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/07/24794013/political-champions-partnership-stimulating-insurance-penetration-lower-income-countries-initial-market-surveys-summary-note http://hdl.handle.net/10986/22432 |
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okr-10986-22432 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ALLIANCE INCOME HOUSEHOLDS CATASTROPHIC EVENTS DEFICIT RISKS EARLY WARNING AGRICULTURAL CREDIT RISK MANAGEMENT STRATEGIES FINANCIAL MANAGEMENT PROPERTY INSURANCE MARKET PLAYERS INCOME INTEREST LIFE INSURANCE AGRICULTURAL PRODUCTION INDUSTRY PROGRAMS DEVELOPING COUNTRIES LIVESTOCK INSURANCE PRUDENTIAL REGULATION INSURANCE INSTRUMENTS HOUSING MARKET SIZE WELFARE INSURANCE SOLUTIONS PRICING MODELS DISASTER PRIVATE INSURANCE DAMAGES PUBLIC ASSETS FINANCIAL RESILIENCE MARKET INFRASTRUCTURE BENEFICIARIES INSURANCE SCHEME INSTRUMENTS INSURANCE MARKET INSURANCE COMPANY ASSET BASES POLICYHOLDERS CATASTROPHE INSURANCE REINSURERS LEVEL OF RISK EARTHQUAKE INSURANCE NATURAL DISASTER FEASIBILITY INSURANCE MARKETS PUBLIC FUNDS FLOODS OPTIONS NATURAL DISASTERS FINANCIAL INSTITUTIONS MARKETS INSURANCE ACTIVITIES SETTLEMENT FINANCIAL PRODUCTS DISASTERS INSURERS LENDERS FARMERS BANKING SECTORS CASH TRANSFERS INSURED LOSSES INSURANCE OPTIONS FINANCE INFRASTRUCTURE INTERNATIONAL FINANCIAL INSTITUTIONS REINSURANCE INVESTORS AGRICULTURAL SHOCKS EMERGENCY EARTHQUAKE REGULATORY FRAMEWORKS GOOD DISASTER REDUCTION DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE PRODUCTS FUTURE LOSSES BANK CREDIT DISASTER RISK FINANCING AGRICULTURAL INSURANCE CLIMATE DEMAND MICROINSURANCE CLAIMS SAFETY NET RISK EXPOSURE INTERNATIONAL REINSURANCE PROPERTY INSURANCE INDUSTRY DISASTER INSURANCE DISASTER PREPAREDNESS MICRO-INSURANCE MARKET CREDIT RATING FLOOD REGULATION POLICY PROFITABILITY INSURANCE LOSS GOODS SECURITY RISK INSURANCE INVESTMENT STATISTICS RISK NON- LIFE INSURANCE MICRO-FINANCE POVERTY SUPPLY INSURANCE MECHANISMS UNDERWRITING COMPETITIVE MARKETS INSURANCE SECTOR PRIVATE INVESTORS COLLECTION PROCESSES FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT INSTRUMENT PAYMENT SYSTEMS LIABILITIES SAFETY BASIS RISK COVERAGE INSURANCE PENETRATION RISK ASSESSMENTS NATURAL HAZARDS PRICES CONSUMER PROTECTION BENEFITS INVESTING |
| spellingShingle |
ALLIANCE INCOME HOUSEHOLDS CATASTROPHIC EVENTS DEFICIT RISKS EARLY WARNING AGRICULTURAL CREDIT RISK MANAGEMENT STRATEGIES FINANCIAL MANAGEMENT PROPERTY INSURANCE MARKET PLAYERS INCOME INTEREST LIFE INSURANCE AGRICULTURAL PRODUCTION INDUSTRY PROGRAMS DEVELOPING COUNTRIES LIVESTOCK INSURANCE PRUDENTIAL REGULATION INSURANCE INSTRUMENTS HOUSING MARKET SIZE WELFARE INSURANCE SOLUTIONS PRICING MODELS DISASTER PRIVATE INSURANCE DAMAGES PUBLIC ASSETS FINANCIAL RESILIENCE MARKET INFRASTRUCTURE BENEFICIARIES INSURANCE SCHEME INSTRUMENTS INSURANCE MARKET INSURANCE COMPANY ASSET BASES POLICYHOLDERS CATASTROPHE INSURANCE REINSURERS LEVEL OF RISK EARTHQUAKE INSURANCE NATURAL DISASTER FEASIBILITY INSURANCE MARKETS PUBLIC FUNDS FLOODS OPTIONS NATURAL DISASTERS FINANCIAL INSTITUTIONS MARKETS INSURANCE ACTIVITIES SETTLEMENT FINANCIAL PRODUCTS DISASTERS INSURERS LENDERS FARMERS BANKING SECTORS CASH TRANSFERS INSURED LOSSES INSURANCE OPTIONS FINANCE INFRASTRUCTURE INTERNATIONAL FINANCIAL INSTITUTIONS REINSURANCE INVESTORS AGRICULTURAL SHOCKS EMERGENCY EARTHQUAKE REGULATORY FRAMEWORKS GOOD DISASTER REDUCTION DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE PRODUCTS FUTURE LOSSES BANK CREDIT DISASTER RISK FINANCING AGRICULTURAL INSURANCE CLIMATE DEMAND MICROINSURANCE CLAIMS SAFETY NET RISK EXPOSURE INTERNATIONAL REINSURANCE PROPERTY INSURANCE INDUSTRY DISASTER INSURANCE DISASTER PREPAREDNESS MICRO-INSURANCE MARKET CREDIT RATING FLOOD REGULATION POLICY PROFITABILITY INSURANCE LOSS GOODS SECURITY RISK INSURANCE INVESTMENT STATISTICS RISK NON- LIFE INSURANCE MICRO-FINANCE POVERTY SUPPLY INSURANCE MECHANISMS UNDERWRITING COMPETITIVE MARKETS INSURANCE SECTOR PRIVATE INVESTORS COLLECTION PROCESSES FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT INSTRUMENT PAYMENT SYSTEMS LIABILITIES SAFETY BASIS RISK COVERAGE INSURANCE PENETRATION RISK ASSESSMENTS NATURAL HAZARDS PRICES CONSUMER PROTECTION BENEFITS INVESTING World Bank Political Champions Partnership for Stimulating Insurance Penetration in Lower Income Countries : Initial Market Surveys Summary Note |
| description |
After the last Champions’ meeting in
April, an expert-level group consisting of donors, insurers
and international financial institutions was formed to act
on the decision to undertake joint work to scale up disaster
risk insurance in lower income countries. Seven countries
were selected: Bangladesh, Ghana, Haiti, Kenya, Senegal,
Tanzania and Vietnam. The World Bank/Global Facility for
Disaster Reduction and Recovery (GDFRR) led in preparing
country scoping studies with inputs from the group. These
were summarized in a set of country notes. From the country
scoping studies, the expert-level group proposes that Kenya,
Bangladesh and Senegal are selected for the next phase. This
will involve confirming the interest and commitment of the
governments to engage in this initiative and undertaking
field visits to conduct more detailed, in-country assessment
to identify opportunities for scaling up insurance in
support of building resilience. Each assessment will result
in a recommended program of investment to stimulate
insurance scale up. This will include recommendations on how
to improve the coordination of existing efforts, how to fill
gaps (such as continued investment in market
infrastructure), how to scale up pilot initiatives and how
to better link insurance solutions to existing financial
products (such as credit) and social protection programs. By
early 2014, the assessments will be completed. By April
2014, the recommended program of investment for each country
will be presented to the donor and insurance community
involved in this Political Champions’ initiative for their
consideration and commitment of support. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Political Champions Partnership for Stimulating Insurance Penetration in Lower Income Countries : Initial Market Surveys Summary Note |
| title_short |
Political Champions Partnership for Stimulating Insurance Penetration in Lower Income Countries : Initial Market Surveys Summary Note |
| title_full |
Political Champions Partnership for Stimulating Insurance Penetration in Lower Income Countries : Initial Market Surveys Summary Note |
| title_fullStr |
Political Champions Partnership for Stimulating Insurance Penetration in Lower Income Countries : Initial Market Surveys Summary Note |
| title_full_unstemmed |
Political Champions Partnership for Stimulating Insurance Penetration in Lower Income Countries : Initial Market Surveys Summary Note |
| title_sort |
political champions partnership for stimulating insurance penetration in lower income countries : initial market surveys summary note |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/07/24794013/political-champions-partnership-stimulating-insurance-penetration-lower-income-countries-initial-market-surveys-summary-note http://hdl.handle.net/10986/22432 |
| _version_ |
1764451057856937984 |
| spelling |
okr-10986-224322021-04-23T14:04:08Z Political Champions Partnership for Stimulating Insurance Penetration in Lower Income Countries : Initial Market Surveys Summary Note World Bank ALLIANCE INCOME HOUSEHOLDS CATASTROPHIC EVENTS DEFICIT RISKS EARLY WARNING AGRICULTURAL CREDIT RISK MANAGEMENT STRATEGIES FINANCIAL MANAGEMENT PROPERTY INSURANCE MARKET PLAYERS INCOME INTEREST LIFE INSURANCE AGRICULTURAL PRODUCTION INDUSTRY PROGRAMS DEVELOPING COUNTRIES LIVESTOCK INSURANCE PRUDENTIAL REGULATION INSURANCE INSTRUMENTS HOUSING MARKET SIZE WELFARE INSURANCE SOLUTIONS PRICING MODELS DISASTER PRIVATE INSURANCE DAMAGES PUBLIC ASSETS FINANCIAL RESILIENCE MARKET INFRASTRUCTURE BENEFICIARIES INSURANCE SCHEME INSTRUMENTS INSURANCE MARKET INSURANCE COMPANY ASSET BASES POLICYHOLDERS CATASTROPHE INSURANCE REINSURERS LEVEL OF RISK EARTHQUAKE INSURANCE NATURAL DISASTER FEASIBILITY INSURANCE MARKETS PUBLIC FUNDS FLOODS OPTIONS NATURAL DISASTERS FINANCIAL INSTITUTIONS MARKETS INSURANCE ACTIVITIES SETTLEMENT FINANCIAL PRODUCTS DISASTERS INSURERS LENDERS FARMERS BANKING SECTORS CASH TRANSFERS INSURED LOSSES INSURANCE OPTIONS FINANCE INFRASTRUCTURE INTERNATIONAL FINANCIAL INSTITUTIONS REINSURANCE INVESTORS AGRICULTURAL SHOCKS EMERGENCY EARTHQUAKE REGULATORY FRAMEWORKS GOOD DISASTER REDUCTION DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE PRODUCTS FUTURE LOSSES BANK CREDIT DISASTER RISK FINANCING AGRICULTURAL INSURANCE CLIMATE DEMAND MICROINSURANCE CLAIMS SAFETY NET RISK EXPOSURE INTERNATIONAL REINSURANCE PROPERTY INSURANCE INDUSTRY DISASTER INSURANCE DISASTER PREPAREDNESS MICRO-INSURANCE MARKET CREDIT RATING FLOOD REGULATION POLICY PROFITABILITY INSURANCE LOSS GOODS SECURITY RISK INSURANCE INVESTMENT STATISTICS RISK NON- LIFE INSURANCE MICRO-FINANCE POVERTY SUPPLY INSURANCE MECHANISMS UNDERWRITING COMPETITIVE MARKETS INSURANCE SECTOR PRIVATE INVESTORS COLLECTION PROCESSES FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT INSTRUMENT PAYMENT SYSTEMS LIABILITIES SAFETY BASIS RISK COVERAGE INSURANCE PENETRATION RISK ASSESSMENTS NATURAL HAZARDS PRICES CONSUMER PROTECTION BENEFITS INVESTING After the last Champions’ meeting in April, an expert-level group consisting of donors, insurers and international financial institutions was formed to act on the decision to undertake joint work to scale up disaster risk insurance in lower income countries. Seven countries were selected: Bangladesh, Ghana, Haiti, Kenya, Senegal, Tanzania and Vietnam. The World Bank/Global Facility for Disaster Reduction and Recovery (GDFRR) led in preparing country scoping studies with inputs from the group. These were summarized in a set of country notes. From the country scoping studies, the expert-level group proposes that Kenya, Bangladesh and Senegal are selected for the next phase. This will involve confirming the interest and commitment of the governments to engage in this initiative and undertaking field visits to conduct more detailed, in-country assessment to identify opportunities for scaling up insurance in support of building resilience. Each assessment will result in a recommended program of investment to stimulate insurance scale up. This will include recommendations on how to improve the coordination of existing efforts, how to fill gaps (such as continued investment in market infrastructure), how to scale up pilot initiatives and how to better link insurance solutions to existing financial products (such as credit) and social protection programs. By early 2014, the assessments will be completed. By April 2014, the recommended program of investment for each country will be presented to the donor and insurance community involved in this Political Champions’ initiative for their consideration and commitment of support. 2015-08-17T16:10:32Z 2015-08-17T16:10:32Z 2014-09-25 Report http://documents.worldbank.org/curated/en/2015/07/24794013/political-champions-partnership-stimulating-insurance-penetration-lower-income-countries-initial-market-surveys-summary-note http://hdl.handle.net/10986/22432 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study |