The insurance sector can play a critical role in financial and economic development. By reducing uncertainty and the impact of large losses the sector can encou

The role of insurance companies, although growing in importance in financial intermediation, has received less attention than bank and stock markets and if so,

Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing d

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it fac