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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Main Author: World Bank Group
Format: Report
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
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
id okr-10986-33177
recordtype oai_dc
spelling okr-10986-331772021-05-25T09:31:38Z Insurance that Works : What Drives Insurance Sector Development in Kenya, What are Some Opportunities Ahead? World Bank Group INSURANCE MICROENTERPRISES SMALL AND MEDIUM-SIZED ENTERPRISES NATURAL DISASTER RISK MANAGEMENT HEALTH INSURANCE LIABILITY INSURANCE MOBILE INSURANCE 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. 2020-01-14T19:28:58Z 2020-01-14T19:28:58Z 2019-01 Report 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 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic INSURANCE
MICROENTERPRISES
SMALL AND MEDIUM-SIZED ENTERPRISES
NATURAL DISASTER
RISK MANAGEMENT
HEALTH INSURANCE
LIABILITY INSURANCE
MOBILE INSURANCE
spellingShingle INSURANCE
MICROENTERPRISES
SMALL AND MEDIUM-SIZED ENTERPRISES
NATURAL DISASTER
RISK MANAGEMENT
HEALTH INSURANCE
LIABILITY INSURANCE
MOBILE INSURANCE
World Bank Group
Insurance that Works : What Drives Insurance Sector Development in Kenya, What are Some Opportunities Ahead?
description 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.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Insurance that Works : What Drives Insurance Sector Development in Kenya, What are Some Opportunities Ahead?
title_short Insurance that Works : What Drives Insurance Sector Development in Kenya, What are Some Opportunities Ahead?
title_full Insurance that Works : What Drives Insurance Sector Development in Kenya, What are Some Opportunities Ahead?
title_fullStr Insurance that Works : What Drives Insurance Sector Development in Kenya, What are Some Opportunities Ahead?
title_full_unstemmed Insurance that Works : What Drives Insurance Sector Development in Kenya, What are Some Opportunities Ahead?
title_sort insurance that works : what drives insurance sector development in kenya, what are some opportunities ahead?
publisher World Bank, Washington, DC
publishDate 2020
url 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
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