Holdings: The Insurance Sector in the Middle East and North Africa : Challenges and Development Agenda

The Insurance Sector in the Middle East and North Africa : Challenges and Development Agenda

This paper studies the causes of the low development of the insurance sector in the Middle East and North African (MENA) region, particularly for long term insurance. The paper shows that life and non-life premiums, as well as assets, are very low...

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Bibliographic Details
Main Author:	Lester, Rodney
Language:	English
Published:	2012
Subjects:	ACCIDENT INSURANCE ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATIVE AUTONOMY AGENTS ALLOCATION ALLOWANCES AMOUNT OF CAPITAL ARBITRATION ARBITRATION CLAUSES ASSETS ASSURANCE AUDITS BANK BRANCHES BANKRUPTCY BOND BOND MARKETS BROKER CAPITAL MARKET CAPITAL REQUIREMENTS CAPITALIZATION CASH FLOW CASH SURRENDER VALUE CASUALTY INSURANCE CATASTROPHE INSURANCE CENTRAL BANK COINSURANCE COMMERCIAL INSURANCE COMMISSIONS COMPENSATION COMPETITIVENESS COMPULSORY INSURANCE CONSUMER CREDIT CONSUMER PROTECTION CONSUMERS CONTRACTUAL SAVINGS CONVENTIONAL INSURANCE CORPORATE GOVERNANCE COVERAGE CREDIBILITY CREDIT GUARANTEES CREDIT INSURANCE CREDIT MARKETS CREDIT RATINGS DEBT DEMOGRAPHIC DEVELOPING COUNTRIES DISASTERS DISPUTE RESOLUTION DISPUTES RESOLUTION ECONOMIC DEVELOPMENT ECONOMIC GROWTH EFFICIENCY GAINS EMERGING MARKET EMERGING MARKETS ENTRY REQUIREMENTS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL PRODUCTS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SYSTEM FOREIGN HOLDINGS FOREIGN INSURERS FOREIGN INVESTMENTS FRAUD GLOBAL INSURANCE GOVERNANCE ISSUES GOVERNMENT GUARANTEES GOVERNMENT SUPPORT GUARANTEE FUNDS HEALTH INSURANCE HOLDING HUMAN CAPITAL HUMAN RESOURCES IMPORTS INCOME LEVEL INCOME STREAM INCOMES INDEMNITY INDUSTRIAL COUNTRIES INFLATION INSPECTIONS INSURANCE INSURANCE BROKERS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE PENETRATION INSURANCE PREMIUMS INSURANCE PRODUCTS INSURANCE SECTOR INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURANCE SYSTEM INSURANCES INSURER INSURER SOLVENCY INSURERS INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL BEST PRACTICE INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT CONTRACTS INVESTMENT FUND INVESTMENT HORIZONS INVESTMENT PRODUCTS INVESTMENT REQUIREMENTS INVESTMENT VEHICLES IPO ISLAMIC BANKING ISLAMIC BANKS ISLAMIC FINANCIAL SERVICES ISLAMIC INSURANCE LACK OF TRANSPARENCY LAWS LEGAL JURISDICTIONS LEGAL PROTECTION LENDERS LEVIES LEVY LIBERALIZATION LIFE INSURANCE LIFE INSURANCE INDUSTRY LIFE INSURANCE POLICY LIFE INSURANCE PREMIUMS LIFE INSURERS LIQUIDATION LOAN LOCAL CAPACITY LOCAL MARKETS LONG TERM SAVINGS LONG-TERM FINANCE MARKET DEVELOPMENT MARKET FRAGMENTATION MARKET PLAYERS MARKET SHARE MARKET SHARES MARKET STRUCTURE MARKET STRUCTURES MINIMUM CAPITAL REQUIREMENTS MONETARY AUTHORITY MONOPOLIES MONOPOLY MORAL HAZARD MORTGAGE MORTGAGE INSURANCE MORTGAGE LENDING MORTGAGE LOANS MORTGAGE MARKET MORTGAGE MARKETS MOTOR INSURANCE MOTOR THIRD PARTY LIABILITY INSURANCE NATURAL DISASTERS NEW MARKETS NON LIFE INSURANCE NON-LIFE INSURANCE OUTPUT OVERHEAD COSTS PENETRATION RATES PENSION PENSIONS PER CAPITA INCOME PERSONAL LOANS POLICY MAKERS POLICYHOLDERS PORTFOLIO PORTFOLIOS PREMIUM REVENUES PRICE COMPETITION PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROFESSIONAL LIABILITY PROGRAMS PROPERTY INSURANCE PROTECTION OF POLICYHOLDERS PRUDENTIAL STANDARDS RATES RECIPROCITY REFORM PROGRAM REGULATORS REGULATORY CAPACITY REGULATORY PRACTICES REINSURANCE REINSURERS RENEWALS REPUTATION RESERVE RESERVE REQUIREMENTS RESERVES RETURNS RISK AVERSION RISK CAPITAL RISK MANAGEMENT RISK POOLING RISK PREMIUMS SAVINGS SECURITIES SETTLEMENT SHAREHOLDERS SOCIAL INSURANCE SYSTEM SOCIAL PROTECTION SOLVENCY SOLVENCY REQUIREMENTS STAMP DUTY SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPERVISORY REGIME TAX TAX POLICY TAX REGIME TAX REGIMES TAX RULES TERMS OF CAPITAL TORT TOTAL COSTS TRADE CREDIT TRADING TURNOVER UNDERWRITERS UNDERWRITING VALUE OF COLLATERAL WEAK CORPORATE GOVERNANCE WEALTH TAX
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110324090347 http://hdl.handle.net/10986/3374

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110324090347
http://hdl.handle.net/10986/3374

The Insurance Sector in the Middle East and North Africa : Challenges and Development Agenda

Internet

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