Developing Insurance Markets: Insurance Companies and Infrastructure Investments
Higher insurance penetration and smaller infrastructure investment gaps has been correlated even after accounting for gross domestic product (GDP) levels, which indicates the insurance industry may have made some contributions to this development. Insurers have been promoting infrastructure investme...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2021
|
| Schriftenreihe: | Other Financial Accountability Study
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Higher insurance penetration and smaller infrastructure investment gaps has been correlated even after accounting for gross domestic product (GDP) levels, which indicates the insurance industry may have made some contributions to this development. Insurers have been promoting infrastructure investments as both asset owners and asset managers because this asset class makes sense from an asset liability management (ALM) viewpoint and they can leverage their asset management function. The stable and long-term cash flows of infrastructure assets naturally align with liabilities of insurers, particularly life insurers. Creating an ecosystem around infrastructure finance and different types of market players is of high importance. In a developing country where banks are already dominant in infrastructure financing and a risk-based framework for the banking sector constrains them from providing long-tenor financing, the roll-over model can work. Finally, governments and national supervisors can support infrastructure investments in several ways, including establishing a clear definition for infrastructure and compiling data, lowering capital charges on infrastructure investments (if their different treatment is evidence-based), facilitating credit enhancement mechanism and the increase of investible infrastructure projects, et cetera In some cases, more clarity may be required on capital charges between infrastructure and securitized assets. Restrictions on direct investments to infrastructure can also be lifted under appropriate risk-based supervision in place unless being harmful to the interests of policyholders |
| Beschreibung: | 1 Online-Ressource |
| DOI: | 10.1596/36355 |
Internformat
MARC
| LEADER | 00000nmm a22000001c 4500 | ||
|---|---|---|---|
| 001 | BV049081165 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 230731s2021 xxu|||| o||u| ||||||eng d | ||
| 024 | 7 | |a 10.1596/36355 |2 doi | |
| 035 | |a (ZDB-1-WBA)071023046 | ||
| 035 | |a (OCoLC)1392136813 | ||
| 035 | |a (DE-599)KEP071023046 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
| 100 | 1 | |a Shindo, Tetsutaro |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Developing Insurance Markets |b Insurance Companies and Infrastructure Investments |c Tetsutaro Shindo |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2021 | |
| 300 | |a 1 Online-Ressource | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Other Financial Accountability Study | |
| 520 | 3 | |a Higher insurance penetration and smaller infrastructure investment gaps has been correlated even after accounting for gross domestic product (GDP) levels, which indicates the insurance industry may have made some contributions to this development. Insurers have been promoting infrastructure investments as both asset owners and asset managers because this asset class makes sense from an asset liability management (ALM) viewpoint and they can leverage their asset management function. The stable and long-term cash flows of infrastructure assets naturally align with liabilities of insurers, particularly life insurers. Creating an ecosystem around infrastructure finance and different types of market players is of high importance. In a developing country where banks are already dominant in infrastructure financing and a risk-based framework for the banking sector constrains them from providing long-tenor financing, the roll-over model can work. Finally, governments and national supervisors can support infrastructure investments in several ways, including establishing a clear definition for infrastructure and compiling data, lowering capital charges on infrastructure investments (if their different treatment is evidence-based), facilitating credit enhancement mechanism and the increase of investible infrastructure projects, et cetera In some cases, more clarity may be required on capital charges between infrastructure and securitized assets. Restrictions on direct investments to infrastructure can also be lifted under appropriate risk-based supervision in place unless being harmful to the interests of policyholders | |
| 650 | 4 | |a Capital Markets and Capital Flows | |
| 650 | 4 | |a Finance and Development | |
| 650 | 4 | |a Finance and Financial Sector Development | |
| 650 | 4 | |a Financial Regulation | |
| 650 | 4 | |a Financial Regulation and Supervision | |
| 650 | 4 | |a Infrastructure Economics and Finance | |
| 650 | 4 | |a Infrastructure Finance | |
| 650 | 4 | |a Infrastructure Investment | |
| 650 | 4 | |a Insurance | |
| 650 | 4 | |a Insurance and Risk Mitigation | |
| 700 | 1 | |a Stewart, Fiona |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u https://doi.org/10.1596/36355 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-034343055 | |
Datensatz im Suchindex
| _version_ | 1812671849950085120 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Shindo, Tetsutaro |
| author_facet | Shindo, Tetsutaro |
| author_role | aut |
| author_sort | Shindo, Tetsutaro |
| author_variant | t s ts |
| building | Verbundindex |
| bvnumber | BV049081165 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)071023046 (OCoLC)1392136813 (DE-599)KEP071023046 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/36355 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a22000001c 4500</leader><controlfield tag="001">BV049081165</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">230731s2021 xxu|||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/36355</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)071023046</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1392136813</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP071023046</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Shindo, Tetsutaro</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Developing Insurance Markets</subfield><subfield code="b">Insurance Companies and Infrastructure Investments</subfield><subfield code="c">Tetsutaro Shindo</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2021</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Other Financial Accountability Study</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Higher insurance penetration and smaller infrastructure investment gaps has been correlated even after accounting for gross domestic product (GDP) levels, which indicates the insurance industry may have made some contributions to this development. Insurers have been promoting infrastructure investments as both asset owners and asset managers because this asset class makes sense from an asset liability management (ALM) viewpoint and they can leverage their asset management function. The stable and long-term cash flows of infrastructure assets naturally align with liabilities of insurers, particularly life insurers. Creating an ecosystem around infrastructure finance and different types of market players is of high importance. In a developing country where banks are already dominant in infrastructure financing and a risk-based framework for the banking sector constrains them from providing long-tenor financing, the roll-over model can work. Finally, governments and national supervisors can support infrastructure investments in several ways, including establishing a clear definition for infrastructure and compiling data, lowering capital charges on infrastructure investments (if their different treatment is evidence-based), facilitating credit enhancement mechanism and the increase of investible infrastructure projects, et cetera In some cases, more clarity may be required on capital charges between infrastructure and securitized assets. Restrictions on direct investments to infrastructure can also be lifted under appropriate risk-based supervision in place unless being harmful to the interests of policyholders</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital Markets and Capital Flows</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Development</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial Regulation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial Regulation and Supervision</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Infrastructure Economics and Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Infrastructure Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Infrastructure Investment</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Insurance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Insurance and Risk Mitigation</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Stewart, Fiona</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/36355</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-034343055</subfield></datafield></record></collection> |
| id | DE-604.BV049081165 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:59Z |
| indexdate | 2024-10-12T04:03:07Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034343055 |
| oclc_num | 1392136813 |
| open_access_boolean | 1 |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource |
| psigel | ZDB-1-WBA |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | The World Bank |
| record_format | marc |
| series2 | Other Financial Accountability Study |
| spellingShingle | Shindo, Tetsutaro Developing Insurance Markets Insurance Companies and Infrastructure Investments Capital Markets and Capital Flows Finance and Development Finance and Financial Sector Development Financial Regulation Financial Regulation and Supervision Infrastructure Economics and Finance Infrastructure Finance Infrastructure Investment Insurance Insurance and Risk Mitigation |
| title | Developing Insurance Markets Insurance Companies and Infrastructure Investments |
| title_auth | Developing Insurance Markets Insurance Companies and Infrastructure Investments |
| title_exact_search | Developing Insurance Markets Insurance Companies and Infrastructure Investments |
| title_exact_search_txtP | Developing Insurance Markets Insurance Companies and Infrastructure Investments |
| title_full | Developing Insurance Markets Insurance Companies and Infrastructure Investments Tetsutaro Shindo |
| title_fullStr | Developing Insurance Markets Insurance Companies and Infrastructure Investments Tetsutaro Shindo |
| title_full_unstemmed | Developing Insurance Markets Insurance Companies and Infrastructure Investments Tetsutaro Shindo |
| title_short | Developing Insurance Markets |
| title_sort | developing insurance markets insurance companies and infrastructure investments |
| title_sub | Insurance Companies and Infrastructure Investments |
| topic | Capital Markets and Capital Flows Finance and Development Finance and Financial Sector Development Financial Regulation Financial Regulation and Supervision Infrastructure Economics and Finance Infrastructure Finance Infrastructure Investment Insurance Insurance and Risk Mitigation |
| topic_facet | Capital Markets and Capital Flows Finance and Development Finance and Financial Sector Development Financial Regulation Financial Regulation and Supervision Infrastructure Economics and Finance Infrastructure Finance Infrastructure Investment Insurance Insurance and Risk Mitigation |
| url | https://doi.org/10.1596/36355 |
| work_keys_str_mv | AT shindotetsutaro developinginsurancemarketsinsurancecompaniesandinfrastructureinvestments AT stewartfiona developinginsurancemarketsinsurancecompaniesandinfrastructureinvestments |