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Mali Financial Sector Assessment Program : The Insurance Sector

INCOME HOUSEHOLDS DEFICIT FINANCIAL SERVICES CAPITAL MARKETS REGULATORY FRAMEWORK LIABILITY ECONOMIC GROWTH INSURANCE SUPERVISORS RISK MANAGEMENT STRATEGIES INCOME INTEREST LIFE INSURANCE MARKET SIZES LAWS SUSTAINABILITY FINANCIAL RESOURCES PROGRAMS LIQUIDITY INFORMATION LIVESTOCK INSURANCE HEALTH INSURANCE HEALTH CARE PORTFOLIO MARKET SIZE MARKET SHARES INCENTIVES CAPACITY BUILDING CREDITWORTHINESS PRICING MODELS COMMITMENT DEVICE BORROWERS WEATHER INSURANCE DAMAGES PRICE CASH TRANSFER ABSENCE OF INSURANCE BENEFICIARIES SUPPLY SIDE HURRICANES INSURANCE MARKET MICROFINANCE INSTITUTIONS INSURANCE COMPANY ECONOMIC ACTIVITY INSURANCE EXPERTS WITHDRAWALS CROP INSURANCE SAVINGS MARKET DEVELOPMENT FINANCIAL LOSS FEASIBILITY COSTS OF INSURANCE INSURANCE MARKETS INSURANCE PRODUCT ACCESS TO INSURANCE ECONOMIC TRANSACTIONS FINANCES ACCOUNTING RULES INSURANCE PAYOUT INSURANCE TRANSACTION MARKETS CAPITAL REQUIREMENTS FINANCIAL PRODUCTS INSURERS IMPORTS CONVENTIONAL INSURANCE RESERVES FINANCIAL SYSTEM CASH TRANSFERS INSURANCE COVERAGE INSURANCE POLICY REAL ESTATE FINANCE TAXES BROKERS TRANSACTIONS INSURANCES INTERNATIONAL STANDARDS REINSURANCE CONSUMPTION REGULATIONS REGULATORY FRAMEWORKS GOOD FRAUD INSURANCE COVER INSURANCE PRODUCTS FINANCIAL CRISIS FUTURE VALUE CLAIM PAYMENT RETURNS INSURANCE LAW INSURANCE ASSOCIATION AGRICULTURAL INSURANCE CLIMATE DEMAND MICROINSURANCE NATIONAL INCOME INCOME DISTRIBUTION CONSUMERS INVESTMENT VEHICLES INSURANCE CONTRACT INSURANCE INDUSTRY TAX RATES INSURANCE REGULATION SHARES MICRO-INSURANCE INSURANCE PREMIUM ACTUARIES MARKET FINANCIAL LOSSES REGULATION SET ASIDE POLICY SOLVENCY INSURANCE BROKERS INSURANCE INSURANCE PREMIUMS MICROFINANCE INVESTMENT STRATEGIES INTERESTS SECURITY INVESTMENT RISK HUMAN RESOURCES INVESTMENT PORTFOLIO SHARE COLLATERAL POVERTY TREATY SUPPLY UNDERWRITING INSURANCE SECTOR LAW PROFIT INVESTMENTS RISK MANAGEMENT COST OF INSURANCE INSURANCE COMPANIES ARBITRAGE FINANCIAL SECTOR INSURANCE FRAUD ARREARS INCREASED INSURANCE COVERAGE COVERAGE INSURANCE SUPERVISION GUARANTEE CONSUMER PROTECTION BENEFITS MICROFINANCE INSTITUTION
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World Bank, Washington, DC
Africa | Mali
2016-05-10T20:54:33Z | 2016-05-10T20:54:33Z | 2015-12

This note summarizes the findings and conclusions of the review of the insurance sector in Mali. The review was conducted as part of the 2015 financial sector assessment program (FSAP) in Mali. The main objectives of the review are to assess the structure, performance, and outlook of the insurance sector with respect to the potential for the sector to develop; and to contribute to the overall long term growth and development of the economy and the well-being of the country's population. The insurance market in Mali falls short of its potential today; however, its outlook is promising. This technical note looks at two questions: what role does the insurance sector play in Mali today?, and how can it play a more significant role? It highlights the potential of micro insurance and agriculture insurance in particular, and concludes with a number of recommendations.

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