Publication:
Malawi Financial Sector Assessment Program: Contractual Savings - Insurance and Pensions

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2017-09-08T18:54:20Z
dc.date.available2017-09-08T18:54:20Z
dc.date.issued2008-09
dc.description.abstractThe penetration level of the insurance and pension sectors in Malawi is low, but it seems adequate as compared with other countries in similar stages of development. Concentration and costs are high, the regulatory framework is outdated or inexistent and supervision is weak. An innovative pilot experience of weather micro-insurance is a good example of private-public partnership to reduce vulnerability and extend benefits, but the coverage is still low. The project faces several challenges, one of them being the need to invest in weather technology. Cost benefit analysis of public projects in this area should take into consideration the possible positive social benefits of income security for vulnerable rural population. The analysis needs to take into account that possibilities to increase micro-insurance penetration may be affected by the level of education of farmers, as well as their specific knowledge of insurance products and their confidence in insurance companies. Life insurance and private pension plans have an acceptable level of development as substitute of the non-existing mandatory pensions for private sector workers, but they need a stronger supervision and regulation to enhance their benefits. Rules should seek to promote portfolio diversification, higher portability of pensions and old age income security through well defined benefit rules.en
dc.identifierhttp://documents.worldbank.org/curated/en/276161468046489055/Malawi-Contractual-savings-insurance-and-pensions-technical-note
dc.identifier.doi10.1596/28235
dc.identifier.urihttps://hdl.handle.net/10986/28235
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO INFORMATION
dc.subjectACCIDENT INSURANCE
dc.subjectACCRUAL RATE
dc.subjectACCRUAL RATES
dc.subjectACTIVE INVESTMENT
dc.subjectACTUARIES
dc.subjectADJUSTMENT MECHANISMS
dc.subjectANNUITIES
dc.subjectANNUITY
dc.subjectASSET DIVERSIFICATION
dc.subjectASSET MANAGEMENT
dc.subjectASSURANCE
dc.subjectBALANCE SHEETS
dc.subjectBANKING INSTITUTIONS
dc.subjectBANKS
dc.subjectBASIC BENEFITS
dc.subjectBENEFICIARIES
dc.subjectBENEFIT FORMULA
dc.subjectBENEFIT PAYMENTS
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCAPITAL MARKETS
dc.subjectCIVIL SERVICE
dc.subjectCIVIL SERVICE PENSION
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONTRACTUAL SAVINGS
dc.subjectCONTRIBUTION RATE
dc.subjectCONTRIBUTION RATES
dc.subjectCURRENT ASSETS
dc.subjectDEBT
dc.subjectDEFICITS
dc.subjectDEFINED BENEFIT
dc.subjectDEPOSITS
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDOUBLE TAXATION
dc.subjectECONOMIC STRUCTURE
dc.subjectEMERGING ECONOMIES
dc.subjectEMPLOYEE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPOSURE
dc.subjectEXPOSURE TO RISKS
dc.subjectFIDUCIARY RESPONSIBILITIES
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET DEVELOPMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STATEMENTS
dc.subjectFIRE INSURANCE
dc.subjectFISCAL BURDEN
dc.subjectFIXED ASSETS
dc.subjectFOREIGN CAPITALS
dc.subjectFOREIGN INVESTMENTS
dc.subjectFUND MANAGEMENT
dc.subjectFUND MANAGERS
dc.subjectFUNDED PENSION
dc.subjectFUNDED SCHEME
dc.subjectGENERAL INSURANCE
dc.subjectGOVERNANCE ISSUES
dc.subjectGOVERNMENT SECURITIES
dc.subjectINCOME SECURITY
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINFLATION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE SUPERVISION
dc.subjectINSURER
dc.subjectINSURERS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEBATE
dc.subjectINTERNATIONAL STANDARD
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT INCOME
dc.subjectINVESTMENT OPTIONS
dc.subjectINVESTMENT POLICIES
dc.subjectINVESTMENT STRATEGIES
dc.subjectLABOR FORCE
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL REFORM
dc.subjectLEGISLATION
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIQUIDITY
dc.subjectMARKET CONCENTRATION
dc.subjectMARKET PENETRATION
dc.subjectMARKET SHARE
dc.subjectMARKET STRUCTURE
dc.subjectMATURITY
dc.subjectMICRO INSURANCE
dc.subjectMICRO-INSURANCE
dc.subjectMICROFINANCE
dc.subjectMICROINSURANCE
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY FUND
dc.subjectNBFI
dc.subjectNBFIS
dc.subjectOCCUPATIONAL SCHEMES
dc.subjectOLD-AGE INCOME
dc.subjectPENSION
dc.subjectPENSION ADMINISTRATION
dc.subjectPENSION ARRANGEMENTS
dc.subjectPENSION BENEFITS
dc.subjectPENSION EXPENDITURE
dc.subjectPENSION EXPENDITURES
dc.subjectPENSION FUND
dc.subjectPENSION FUND ADMINISTRATOR
dc.subjectPENSION FUND MANAGEMENT
dc.subjectPENSION FUND MANAGERS
dc.subjectPENSION FUNDS
dc.subjectPENSION PAYMENT
dc.subjectPENSION PAYMENTS
dc.subjectPENSION PLANS
dc.subjectPENSION POLICY
dc.subjectPENSION PROGRAMS
dc.subjectPENSION PROVISION
dc.subjectPENSION REFORM
dc.subjectPENSION REFORMS
dc.subjectPENSION RIGHTS
dc.subjectPENSION SCHEME
dc.subjectPENSION SCHEMES
dc.subjectPENSION SECTORS
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONERS
dc.subjectPENSIONS
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO DIVERSIFICATION
dc.subjectPORTFOLIOS
dc.subjectPRESENT VALUE
dc.subjectPRICE INDEXATION
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE PENSIONS
dc.subjectPRIVATE SAVINGS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPUBLIC AGENCIES
dc.subjectPUBLIC BUDGET
dc.subjectPUBLIC PENSION
dc.subjectPUBLIC PENSIONS
dc.subjectRATE OF RETURN
dc.subjectREAL ESTATE
dc.subjectREGULATORY CAPACITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREINSURANCE
dc.subjectRESERVE
dc.subjectRESERVE BANK
dc.subjectRESERVES
dc.subjectRETIREES
dc.subjectRETIREMENT
dc.subjectRETIREMENT AGE
dc.subjectRETIREMENT SAVINGS
dc.subjectRETURNS
dc.subjectSAVINGS PROGRAMS
dc.subjectSMALL ECONOMIES
dc.subjectSOLVENCY
dc.subjectSUSTAINABLE GROWTH
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTRUST DEED
dc.subjectUNDERWRITING
dc.subjectVOLUNTARY PENSIONS
dc.titleMalawi Financial Sector Assessment Programen
dc.title.subtitleContractual Savings - Insurance and Pensionsen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMalawi Financial Sector Assessment Program
okr.date.disclosure2013-07-18
okr.date.doiregistration2025-05-07T09:15:56.409242Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/276161468046489055/Malawi-Contractual-savings-insurance-and-pensions-technical-note
okr.guid276161468046489055
okr.identifier.externaldocumentum000445729_20130718160724
okr.identifier.internaldocumentum18019833
okr.identifier.report79208
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/276161468046489055/pdf/792080WP0Malaw0Box0377369B00Public0.pdfen
okr.region.administrativeAfrica
okr.region.countryMalawi
okr.sectorFinance
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicSocial Protections and Labor::Pensions & Retirement Systems
okr.topicFinance and Financial Sector Development::Contractual Savings
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicFinance and Financial Sector Development::Mutual Funds
okr.unitFinance & Markets - GP - IBRD (GFMDR)
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