Insurance that Works : What Drives Insurance Sector Development in Kenya, What are Some Opportunities Ahead?
The study examines a range of data sets to develop the analytical basis for the review, conclusions and recommendations. Insurance development is driven by a large range of factors, some of which can be better observed than others. Data is importan...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/234971577687429663/Insurance-that-Works-What-Drives-Insurance-Sector-Development-in-Kenya-What-are-Some-Opportunities-Ahead http://hdl.handle.net/10986/33177 |
| Summary: | The study examines a range of data sets
to develop the analytical basis for the review, conclusions
and recommendations. Insurance development is driven by a
large range of factors, some of which can be better observed
than others. Data is important but understanding what it
means is also important. Benchmarking results, including
cross country analysis and other research to understand the
meaning of calculated values is one element that is
under‐represented in industry analysis17. Demand and
potential demand for insurance are also considered
considering the nature and level of risk being faced as the
basis for the examination of insurance markets effectively
assuming individuals and entities should and will take out
insurance if they were offered it against these risks18.
Other dimensions examine perceptions of risk, insurance as a
solution, and then other barriers to access that may limit
the extent that a risk that can be insured coverts into a
risk that is insured. In this section, we approach both a
range of potential risks and their trends along with data
about clients. Through the report, elements of the
regulatory and supervisory arrangements are addressed as
they are relevant. For those that are not specifically
raised in these sections, a further section covers the
remaining review of regulatory arrangements as needed. The
diagnostic review has also been conducted through an
extensive set of fact‐finding stakeholder meetings to gather
input, validate and supplement the data‐based analysis. |
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