|
|
|
|
| LEADER |
02833nmm a2200337 u 4500 |
| 001 |
EB002179218 |
| 003 |
EBX01000000000000001316752 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
231006 ||| eng |
| 100 |
1 |
|
|a Shindo, Tetsutaro
|
| 245 |
0 |
0 |
|a Developing Insurance Markets
|h Elektronische Ressource
|b Insurance Companies and Infrastructure Investments
|c Tetsutaro Shindo
|
| 260 |
|
|
|a Washington, D.C
|b The World Bank
|c 2021
|
| 653 |
|
|
|a Infrastructure Investment
|
| 653 |
|
|
|a Capital Markets and Capital Flows
|
| 653 |
|
|
|a Infrastructure Finance
|
| 653 |
|
|
|a Infrastructure Economics and Finance
|
| 653 |
|
|
|a Financial Regulation and Supervision
|
| 653 |
|
|
|a Financial Regulation
|
| 653 |
|
|
|a Finance and Development
|
| 653 |
|
|
|a Finance and Financial Sector Development
|
| 653 |
|
|
|a Insurance and Risk Mitigation
|
| 653 |
|
|
|a Insurance
|
| 700 |
1 |
|
|a Stewart, Fiona
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b WOBA
|a World Bank E-Library Archive
|
| 490 |
0 |
|
|a Other Financial Accountability Study
|
| 028 |
5 |
0 |
|a 10.1596/36355
|
| 856 |
4 |
0 |
|u http://elibrary.worldbank.org/doi/book/10.1596/36355
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|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
|