Cover Risk Transfer and the insurance industry
Risk Transfer and the insurance industry
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Abstract

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.

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Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
Global Financial Stability Report
Publisher:
International Monetary Fund
Language:
English
Publication Date:
21 Oct 2004
DOI:
https://doi.org/10.5089/9781451939323.082
ISBN:
9781451939323
ISSN:
1729-701X
Pages:
35
Keywords:
GFSR; fixed income; financial condition; market participant; cost of capital; market assets; market downturn; market volatility; treasury note; life insurance product; market valuation; market value; market structure; Insurance companies; Credit; Insurance; Corporate bonds; Stocks; Europe; Global
Legal-disclaimer:
The views expressed in this publication are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Directors or their national authorities.
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