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The Retention Capacity of Insurance Markets in Developing Countries

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Handbook of Insurance

Abstract

In the past, many developing countries have considered financial institutions locally incorporated or even State-owned monopolies, an essential element of their economic and political independence. At the same time, structural, financial and technical constraints such as the small size of the markets and the lack of sufficient experience have limited the retention capacity of these markets. Reliance on foreign reinsurance has remained an important policy issue. The purpose of this cross-sectional study of developing countries is to present some empirical tests of the relationship between insurance development and socio-economic characteristics of these countries.

The views expressed in this paper do not necessarily reflect those of the United Nations.

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Author information

Authors and Affiliations

  1. Office of the United Nations, Canada

    J. François Outreville

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  1. J. François Outreville
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Editors and Affiliations

  1. HEC-Montréal, Canada

    Georges Dionne (Risk Management Chair) (Risk Management Chair)

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© 2000 Springer Science+Business Media New York

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Outreville, J.F. (2000). The Retention Capacity of Insurance Markets in Developing Countries. In: Dionne, G. (eds) Handbook of Insurance. Huebner International Series on Risk, Insurance, and Economic Security, vol 22. Springer, Dordrecht. https://doi.org/10.1007/978-94-010-0642-2_23

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  • DOI: https://doi.org/10.1007/978-94-010-0642-2_23

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-0-7923-7911-9

  • Online ISBN: 978-94-010-0642-2

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