Insurance Companies in Emerging Markets / Janet Kong, Manmohan Singh.

Format:

Book

Government document

Author/Creator:

Kong, Janet.

Contributor:

Singh, Manmohan.

International Monetary Fund. International Capital Markets Department.

Series:

IMF Working Papers; Working Paper ; No. 2005/088

IMF Working Papers

Language:

English

Subjects (All):

Insurance companies--Developing countries.

Insurance companies.

Asset allocation--Developing countries.

Asset allocation.

Investments--Developing countries.

Investments.

Physical Description:

1 online resource (21 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2005.

Language Note:

English

Summary:

This paper focuses on asset allocation decisions of life insurance companies in emerging markets. Mature market insurers allocate only a small fraction of their assets to emerging markets because of regulatory constraints, rating pressures, and currency risk. However, global insurers invest directly in emerging markets by setting up subsidiaries rather than through portfolio investment, and this trend is increasing. Local insurers largely remain captive investors of local instruments and provide stability to the domestic securities market. The regulatory regime and the liquidity and depth of local markets play an important role in asset allocation decisions of insurers. Insurance companies are increasingly adopting asset liability management and risk control measures. However, insufficiently developed local markets and regulatory interventions on the liabilities side often limit optimal asset allocation.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. MATURE MARKET LIFE INSURERS""; ""III. LOCAL MARKET INSURANCE COMPANIES""; ""IV. POLICY IMPLICATIONS""; ""REFERENCES""

Notes:

"May 2005."

Description based on print version record.

ISBN:

9786613825377

9781462374052

1462374050

9781452734026

145273402X

9781283512923

1283512920

9781451906431

1451906439