Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects

Section one of the paper provides a broad overview of the nature and objectives of the projects. Section two contains an objective view of the impact of FIRST funded projects on the growth in insurance markets as measured by insurance market penetr...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	INSURANCE INDUSTRY INSURANCE MARKETS FINANCIAL SECTOR DEVELOPMENT REGULATION SUPERVISORY FRAMEWORK FINANCIAL INFRASTRUCTURE FINANCIAL INCLUSION
Online Access:	http://documents.worldbank.org/curated/en/900271577688062759/Can-Interventions-Spur-Development-of-the-Insurance-Sector-From-Examples-of-World-Bank-Projects http://hdl.handle.net/10986/33344

id	okr-10986-33344
recordtype	oai_dc
spelling	okr-10986-333442021-05-25T09:32:34Z Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects World Bank INSURANCE INDUSTRY INSURANCE MARKETS FINANCIAL SECTOR DEVELOPMENT REGULATION SUPERVISORY FRAMEWORK FINANCIAL INFRASTRUCTURE FINANCIAL INCLUSION Section one of the paper provides a broad overview of the nature and objectives of the projects. Section two contains an objective view of the impact of FIRST funded projects on the growth in insurance markets as measured by insurance market penetration. Rigorous data analysis was used to isolate exogenous factors other than the project intervention that may have led to a change in the insurance premiums as a percentage of GDP. The paper showcases in section three, the dynamic view and multipronged approaches to the insurance market development by highlighting country case studies, with different primary objectives, towards the overall goal of the insurance market development. The case studies also consider the specific insurance market interventions that can stimulate wider financial sector development objectives. Applying the drivers and stages discussion as an analytical framework, section four takes stock of numerous interventions of the FIRST projects implemented by the World Bank and extracts some key lessons learned that could be used as a guide to inform the design of future intervention, and by policy makers in pursuit of insurance market development. Finally, section five provides some overarching conclusions and takeaways. 2020-02-19T16:47:24Z 2020-02-19T16:47:24Z 2020-01 Report http://documents.worldbank.org/curated/en/900271577688062759/Can-Interventions-Spur-Development-of-the-Insurance-Sector-From-Examples-of-World-Bank-Projects http://hdl.handle.net/10986/33344 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 INDUSTRY INSURANCE MARKETS FINANCIAL SECTOR DEVELOPMENT REGULATION SUPERVISORY FRAMEWORK FINANCIAL INFRASTRUCTURE FINANCIAL INCLUSION
spellingShingle	INSURANCE INDUSTRY INSURANCE MARKETS FINANCIAL SECTOR DEVELOPMENT REGULATION SUPERVISORY FRAMEWORK FINANCIAL INFRASTRUCTURE FINANCIAL INCLUSION World Bank Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects
description	Section one of the paper provides a broad overview of the nature and objectives of the projects. Section two contains an objective view of the impact of FIRST funded projects on the growth in insurance markets as measured by insurance market penetration. Rigorous data analysis was used to isolate exogenous factors other than the project intervention that may have led to a change in the insurance premiums as a percentage of GDP. The paper showcases in section three, the dynamic view and multipronged approaches to the insurance market development by highlighting country case studies, with different primary objectives, towards the overall goal of the insurance market development. The case studies also consider the specific insurance market interventions that can stimulate wider financial sector development objectives. Applying the drivers and stages discussion as an analytical framework, section four takes stock of numerous interventions of the FIRST projects implemented by the World Bank and extracts some key lessons learned that could be used as a guide to inform the design of future intervention, and by policy makers in pursuit of insurance market development. Finally, section five provides some overarching conclusions and takeaways.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects
title_short	Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects
title_full	Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects
title_fullStr	Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects
title_full_unstemmed	Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects
title_sort	can interventions spur development of the insurance sector? : from examples of world bank projects
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/900271577688062759/Can-Interventions-Spur-Development-of-the-Insurance-Sector-From-Examples-of-World-Bank-Projects http://hdl.handle.net/10986/33344
_version_	1764478528399605760

Can Interventions Spur Development of the Insurance Sector? : From Examples of World Bank Projects

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