{
  "title": "Insurance and Issues in Financial Soundness",
  "publication": "IMF Working Papers, July 1, 2003",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Authors: Udaibir S Das, Richard Podpiera, Nigel Davies\n- Date: July 1, 2003\n- Paper type: IMF Working Papers, Working Paper No. 2003/138\n- Pages: 44\n- Volume: 2003\n- Issue: 138\n- DOI: https://doi.org/10.5089/9781451856002.001\n- Stock No: WPIEA1382003\n- ISBN: 9781451856002\n- ISSN: 1018-5941"
    },
    {
      "heading": "Purpose and scope",
      "content": "- Explores insurance as a source of financial system vulnerability.\n- Provides a brief overview of the insurance industry and reviews the risks it faces.\n- Reviews several recent failures of insurance companies that had systemic implications.\n- Builds on experience from the Financial Sector Assessment Program (FSAP) to propose indicators for surveillance of financial soundness of insurance companies and the insurance sector as a whole."
    },
    {
      "heading": "Key findings and analysis",
      "content": "- Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability.\n- The paper documents and reviews risks faced by the insurance industry and examines recent insurer failures with systemic implications.\n- Emphasizes the need for surveillance tools tailored to insurance-sector specificities, building on FSAP experience."
    },
    {
      "heading": "Proposed surveillance approach",
      "content": "- Proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole."
    },
    {
      "heading": "Subjects and thematic keywords",
      "content": "- Subjects: Capital adequacy requirements; Commercial banks; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Financial soundness indicators; Insurance; Insurance companies\n- Keywords: asset risk; banking sector; Capital adequacy requirements; Commercial banks; current liabilities; economic expansion; Europe; financial crisis; financial situation; Financial soundness indicators; financial stability; financial system; insurance; Insurance companies; management risk; market risk; market share; market value; net premium; North America; pass-through products; retention ratio; return on assets; return on equity; soft market; soundness indicators; WP\n\nSource: IMF Working Paper \"Insurance and Issues in Financial Soundness\", Udaibir S Das, Richard Podpiera, Nigel Davies, Working Paper No. 2003/138, July 1, 2003.\n\n---\n\n Content in this bundle\n\n- Insurance and Issues in Financial Soundness - WP/03/138\n  - Insurance and Issues in Financial Soundness - WP/03/138 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Insurance and Issues in Financial Soundness - WP/03/138 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/insurance-and-issues-in-financial-soundness-16524"
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    "Authors: Udaibir S Das, Richard Podpiera, Nigel Davies",
    "Published: July 1, 2003",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451856002.001",
    "Authors: Udaibir S Das, Richard Podpiera, Nigel Davies",
    "Date: July 1, 2003",
    "Paper type: IMF Working Papers, Working Paper No. 2003/138",
    "Pages: 44",
    "Volume: 2003",
    "Issue: 138",
    "DOI: https://doi.org/10.5089/9781451856002.001",
    "Stock No: WPIEA1382003",
    "ISBN: 9781451856002",
    "ISSN: 1018-5941",
    "Explores insurance as a source of financial system vulnerability.",
    "Provides a brief overview of the insurance industry and reviews the risks it faces.",
    "Reviews several recent failures of insurance companies that had systemic implications.",
    "Builds on experience from the Financial Sector Assessment Program (FSAP) to propose indicators for surveillance of financial soundness of insurance companies and the insurance sector as a whole.",
    "Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability.",
    "The paper documents and reviews risks faced by the insurance industry and examines recent insurer failures with systemic implications.",
    "Emphasizes the need for surveillance tools tailored to insurance-sector specificities, building on FSAP experience.",
    "Proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.",
    "Subjects: Capital adequacy requirements; Commercial banks; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Financial soundness indicators; Insurance; Insurance companies",
    "Keywords: asset risk; banking sector; Capital adequacy requirements; Commercial banks; current liabilities; economic expansion; Europe; financial crisis; financial situation; Financial soundness indicators; financial stability; financial system; insurance; Insurance companies; management risk; market risk; market share; market value; net premium; North America; pass-through products; retention ratio; return on assets; return on equity; soft market; soundness indicators; WP",
    "**Insurance and Issues in Financial Soundness - WP/03/138**"
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