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Business and Economics > Insurance

You are looking at 1 - 10 of 59 items for :

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Cover Technical Assistance Reports
Papua New Guinea: Technical Assistance Report-Financial Sector Stability Review
International Monetary Fund. Monetary and Capital Markets Department
The main objective of the FSSR diagnostic mission was to help the PNG authorities build a roadmap of technical assistance (TA) to address identified financial sector needs and gaps, with a view to strengthen resilience of financial institutions and to enhance the policy framework. The PNG FSSR diagnostic covered six areas: (i) macroprudential policy; (ii) regulation and supervision of banks and other deposit-taking financial institutions; (iii) regulation and supervision of insurance companies and pension funds; (iv) financial safety net and crisis preparedness framework; (v) financial market infrastructure; and (vi) financial sector statistics.
Keywords:
Financial sector stability; IMF MCM; Macro-financial risk; PNG FSSR TA roadmap.; IMF's Monetary; FSSF phase; FSSR recommendation; payment system oversight function department; IMF executive directors; BPNG's management; investment strategy; bridge bank authority; Macroprudential policy; Insurance; Payment systems; Global
Cover Consumer Price Index Manual, 2020
Consumer Price Index Manual, 2020
Concepts and Methods
International Monetary Fund
,
International Labour Office
,
Statistical Office of the European Communities
,
United Nations
,
World Bank
, and
Organization for Economic Co-operation and Development

Abstract

The Consumer Price Index Manual: Concepts and Methods contains comprehensive information and explanations on compiling a consumer price index (CPI). The Manual provides an overview of the methods and practices national statistical offices (NSOs) should consider when making decisions on how to deal with the various problems in the compilation of a CPI. The chapters cover many topics. They elaborate on the different practices currently in use, propose alternatives whenever possible, and discuss the advantages and disadvantages of each alternative. The primary purpose of the Manual is to assist countries in producing CPIs that reflect internationally recommended methods and practices.

Keywords:
cconsumer price index; CPI; CPI Manual; CPI concepts; CPI methods; CPI practice; CPI best practice; CPI international recommendations; CPI weights; CPI data; CPI compilation; CPI calculation; index formulas; scanner data; web scraping; CPI outlets; CPI publication; CPI dissemination; CPI sampling; CPI items; CPI varieties; CPI missing prices; CPI quality adjustment; CPI linking; CPI and SNA; CPI overview; CPI data collection; CPI uses; CPI definitions; M&G; reference period; price change; price collector; price collection; CPI compiler
Cover Technical Assistance Reports
Principality of Andorra: Technical Assistance Report-Report on External Sector Statistics Mission (September 4–15, 2023)
International Monetary Fund. Statistics Dept.
A technical assistance (TA) mission on external sector statistics (ESS) was conducted for the Andorran Statistics Department (ASD) in the Principality of Andorra in September 2023. The mission focused on preparing plans to improve the frequency of producing balance of payments statistics and international investment position (IIP) from annual to quarterly and to enhance the coverage and quality of the balance of payments and IIP data. The mission assisted the ASD in establishing the framework of the quarterly enterprise survey, which will be used as one of the main source data for compiling balance of payments statistics and IIP quarterly.
Keywords:
Principality of Andorra; balance of payments; international investment position.; IMF's Statistics Department; enterprise survey; IIP quarterly; IMF executive directors; ad IIP; International investment position; Balance of payments statistics; Income; Insurance
Cover IMF Working Papers
Intergenerational Transmission of Education in a Developing Country: Evidence from A Mass Education Program in Vietnam
Trung Hoang
and
Ha Nguyen
We study the long-run and multi-generational effects of a mass education program in Vietnam during the First Indochina War (1946-1954). Difference-in-difference estimations indicate that the children of mothers exposed to the education program had an average of 0.9 more years of education. We argue that the impact is via mother’s education. An additional year of maternal education increases children’s education by up to 0.65 years, a stronger effect than those found in the existing literature. Better household lifestyles and a stronger focus on education are possible transmission pathways.
Keywords:
mass education; human capital transmission; mother education; Vietnam; education program; ha Nguyen; household lifestyle; intergenerational transmission; Labor markets; Income; Women; Insurance; Global
Cover Policy Papers
2021 Comprehensive Surveillance Review— Background Paper on The Surveillance Priority Confronting Risks and Uncertainties
International Monetary Fund. Strategy, Policy, & Review Department
The coverage of risks has become more systematic since the Global Financial Crisis (GFC): staff reports now regularly identify major risks and provide an assessment of their likelihood and economic impact, summarized in Risk Assessment Matrices (RAM). But still limited attention is paid to the range of possible outcomes. Also, risk identification is useful only so much as to inform policy design to preemptively respond to relevant risks and/or better prepare for them. In this regard, policy recommendations in surveillance could be richer in considering various risk management approaches. To this end, progress is needed on two dimensions: • Increasing emphasis on the range of potential outcomes to improve policy design. • Encouraging more proactive policy advice on how to manage risks. Efforts should continue to leverage internal and external resources to support risk analysis and advice in surveillance.
Keywords:
baseline policy advice; fund surveillance; risk analysis; risk identification; policy recommendation; Insurance; Contingency planning; Natural disasters; Global
Cover Consumer Price Index Manual, 2020
Consumer Price Index Manual, 2020
Concepts and Methods
Brian Graf

Abstract

The Consumer Price Index Manual: Concepts and Methods contains comprehensive information and explanations on compiling a consumer price index (CPI). The Manual provides an overview of the methods and practices national statistical offices (NSOs) should consider when making decisions on how to deal with the various problems in the compilation of a CPI. The chapters cover many topics. They elaborate on the different practices currently in use, propose alternatives whenever possible, and discuss the advantages and disadvantages of each alternative. The primary purpose of the Manual is to assist countries in producing CPIs that reflect internationally recommended methods and practices.

Keywords:
cconsumer price index; CPI; CPI Manual; CPI concepts; CPI methods; CPI practice; CPI best practice; CPI international recommendations; CPI weights; CPI data; CPI compilation; CPI calculation; index formulas; scanner data; web scraping; CPI outlets; CPI publication; CPI dissemination; CPI sampling; CPI items; CPI varieties; CPI missing prices; CPI quality adjustment; CPI linking; CPI and SNA; CPI overview; CPI data collection; CPI uses; CPI definitions; M&G; reference period; price change; price collector; price collection; CPI compiler; Consumer price indexes; Price indexes; Consumption; Export fluctuations; Global; Europe; North America
Cover IMF Staff Country Reports
Italy: Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision
International Monetary Fund. Monetary and Capital Markets Department
This technical note (TN) provides an update and an assessment of the supervisory framework and practices for the Italian insurance sector since the last assessment concluded in 2013. The mission conducted a target review focusing on the implementation of Solvency II, the financial resilience of insurers, the effectiveness of supervision, and previously identified weaknesses without a full assessment of Italy’s observance with the International Association of Insurance Supervisors (IAIS) Insurance Core Principles (ICPs). Implementation of the European Union (EU) Solvency II Directive in 2016 has significantly strengthened regulation and supervision since the last FSAP, introducing risk-based capital standards, comprehensive insurance group supervision and new requirements on governance, risk management and controls. The supervision of intermediaries has also been strengthened in line with the EU Insurance Distribution Directive in 2018.
Keywords:
ISCR; CR; Solvency II; insurance sector; IVASS statute; sanction power; IVASS authority; IVASS data; IVASS exercise; IVASS sensitivity analysis; market share; risk management; IVASS colleague; insurance product; IVASS independence; expert IVASS board members; Insurance companies; Insurance; Solvency; Stress testing; Macroprudential analysis; Europe; arbitration function
Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: Selected Issues Paper
International Monetary Fund. Western Hemisphere Dept.
This Selected Issues paper presents a quantification of the long-term benefits of ex-ante resilient investment and insurance needs against natural disasters (ND) in Eastern Caribbean Currency Union (ECCU). Cost-benefit analysis of resilient investment based on a dynamic stochastic general equilibrium model tailored to small states and calibrated to all ECCU economies is also discussed in the paper. The model’s aggregate production function illustrates the interaction among the participating sectors and their contribution to output, ultimately informing the role of resilient investment. The study also quantifies government insurance coverage needs and costs using an empirical stochastic model that simulates NDs fiscal costs. The insurance needs are framed within the World Bank insurance layering framework. The results in this paper underscore the importance of a shift from ex-post recovery to a focus on ex-ante resilience building. Ex-ante resilient investment and insurance are key to the welfare and financial sustainability of the ECCU, given high intensity and recurrence of NDs.
Keywords:
ISCR; CR; ECCU country; country authorities; private sector; depreciation rate; resilient investment; ECCU economy; deficit bias; labor migration; debt target; insurance cost; Natural disasters; Public investment spending; Insurance; Caribbean
Cover IMF Working Papers
The Impact of Community Based Health Insurance Schemes on Out-of-Pocket Healthcare Spending: Evidence from Rwanda
Andinet Woldemichael
,
Daniel Gurara
, and
Abebe Shimeles
Achieving universal health coverage, including financial risk protection and access to quality essential health-care services, is one of the main Sustainable Development Goals. In low-income countries, innovative and affordable health financing systems are key to realize these goals. This paper assesses the impacts of Community-Based Health Insurance Scheme in Rwanda on health-related financial risks using a nationally representative household survey data collected over a ten-year period. We find that the scheme significantly reduce annual per capita out-of-pocket spending by about 3,600 Rwandan Franc (about US$12) or about 83 percent of average per capita healthcare expenditure compared to the baseline level in 2000.The impacts however favor the rich as compared to the poor. The program also reduces the incidence of catastrophic healthcare spending significantly.
Keywords:
WP; normal distribution; sensitivity analysis; Healthcare spending; health insurance; low-income; Rwanda; CBHI scheme; CBHI enrollment; CBHI member household; CBHI effect; CBHI membership rate; Insurance; Income; Consumption; Africa
Cover IMF Staff Country Reports
Euro Area Policies: Financial Sector Assessment Program-Technical Note-Insurance, Investment Firm, and Macroprudential Oversight
International Monetary Fund. Monetary and Capital Markets Department
While national authorities are still largely responsible for supervising the nonbank sector and applying the macroprudential framework, European Union (EU)-level organizations’ supervisory role is growing. Further convergence and strengthening of supervision of insurers and investment firms is consistent with the goals of an EU single market and financial stability. The macroprudential framework functions well but could be simplified and expanded to cover aspects of the nonbank sector.
Keywords:
ISCR; CR; interest rate; single market; coverage ratio; credit institution; financial activity; market structure; parent company; group assets; Insurance companies; Insurance; Solvency; Macroprudential policy; Global