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005    20211022182010.0
006    m        d
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008    020129s2021    dcu     o    i00  0 eng^^
024 7  10.1596/36355 |2doi
035    (CKB)4920000001210498
035    (The World Bank)36355
035    (US-djbf)36355
035    (EXLCZ)994920000001210498
040    DJBF |beng |cDJBF |erda
100 1  Shindo, Tetsutaro.
245 10 Developing Insurance Markets : |bInsurance Companies and Infrastructure Investments / |cTetsutaro Shindo.
246    Developing Insurance Markets
264  1 Washington, D.C. : |bThe World Bank, |c2021.
336    text |btxt |2rdacontent
337    computer |bc |2rdamedia
338    online resource |bcr |2rdacarrier
347    data file |2rda
490 1  Other Financial Accountability Study.
520 3  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 Capital Markets and Capital Flows
650  4 Finance and Development
650  4 Finance and Financial Sector Development
650  4 Financial Regulation
650  4 Financial Regulation and Supervision
650  4 Infrastructure Economics and Finance
650  4 Infrastructure Finance
650  4 Infrastructure Investment
650  4 Insurance
650  4 Insurance and Risk Mitigation
700 1  Stewart, Fiona.
830  0 Other Financial Accountability Study.
830  0 World Bank e-Library.
906    BOOK