Insurance and Issues in Financial Soundness

44 Pages Posted: 31 Jan 2006

See all articles by Udaibir Das

Udaibir Das

International Monetary Fund (IMF)

Nigel Davies

affiliation not provided to SSRN

Richard Podpiera

International Monetary Fund (IMF); Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)

Date Written: July 2003

Abstract

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.

Keywords: insurance, financial stability, soundness indicators

JEL Classification: G20, G22

Suggested Citation

Das, Udaibir and Davies, Nigel and Podpiera, Richard, Insurance and Issues in Financial Soundness (July 2003). IMF Working Paper, Vol. , pp. 1-44, 2003. Available at SSRN: https://ssrn.com/abstract=879214

Udaibir Das (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Nigel Davies

affiliation not provided to SSRN

No Address Available

Richard Podpiera

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

P.O. Box 882
7 Politickych veznu
Prague 1, 111 21
Czech Republic
+42 02 240 05 242 (Phone)
+42 02 242 27 143 (Fax)

HOME PAGE: http://www.cerge-ei.cz

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