## Risk Transfer and the insurance industry

_Global Financial Stability Report, October 21, 2004_

## Source details

**Canonical URL:** [Risk Transfer and the insurance industry](https://www.imf.org/en/publications/gfsr/issues/2016/12/31/risk-transfer-and-the-insurance-industry-27035)

## Other formats

- [Markdown version](/en/publications/gfsr/issues/2016/12/31/risk-transfer-and-the-insurance-industry-27035/index.md)
- [Structured JSON version](/en/publications/gfsr/issues/2016/12/31/risk-transfer-and-the-insurance-industry-27035/index.json)
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## Bibliographic details
- Published: October 21, 2004
- Series: Global Financial Stability Report
- DOI: https://doi.org/10.5089/9781451939323.082

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### Overview
- This paper focuses on risk transfer and discusses the insurance sector, particularly life insurers.
- It expands on issues raised in previous Global Financial Stability Reports by asking whether financial stability has benefited or could benefit from insurers’ broader participation in credit markets, including credit derivatives.
- The paper assesses the impact on financial stability of life insurers’ investment behavior and risk management in the largest mature markets.
- It highlights that the policy implications differ from market to market, and may offer useful lessons to emerging market countries with developing capital markets.

### Key findings and themes
- Focus on life insurers and their role in risk transfer and credit markets.
- Examination of insurers’ broader participation in credit markets, including credit derivatives.
- Assessment of the impact of life insurers’ investment behavior and risk management on financial stability in the largest mature markets.
- Emphasis that policy implications differ across markets.
- Potential applicability of lessons to emerging market countries with developing capital markets.

### Publication metadata and identification
- Publication title: Risk Transfer and the insurance industry
- Series: Global Financial Stability Report No 2004/005
- Issue: 005
- Volume: 2004
- Pages: 35
- DOI: https://doi.org/10.5089/9781451939323.082
- Stock No: GFSREA2004102
- ISBN: 9781451939323
- ISSN: 1729-701X
- Format note shown: Chicago citation example provided on the page

*International Monetary Fund. Monetary and Capital Markets Department Risk Transfer and the insurance industry, (USA: International Monetary Fund, 2004) accessed 9/23/2026, https://doi.org/10.5089/9781451939323.082*

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_Source: https://www.imf.org/en/publications/gfsr/issues/2016/12/31/risk-transfer-and-the-insurance-industry-27035_