The discussions indicated that while insurance service liberalization and globalization can
be beneficial, they have different impacts on developed and developing countries.
Country experiences seemed to indicate that liberalization of insurance services needs to
be accompanied by a strategic and clearly defined national policy on the financial services
sector in general and the insurance sector in particular (taking into account each country’s
specific national development objectives), as well as the development of efficient and
effective regulatory and supervisory frameworks, in line with international initiatives.
This recognition that liberalization alone might be insufficient may be one of the reasons
for the hesitation...
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PSI Principles for Sustainable Insurance
PSI Principles for Sustainable Insurance
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