01976cas a2200253 a 4500 AALejournalIMF003496 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861075 1018-5941 BD-DhAAL BD-DhAAL Kong, Janet. Insurance Companies in Emerging Markets / Janet Kong, Manmohan Singh. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper focuses on asset allocation decisions of life insurance companies in emerging markets. Mature market insurers allocate only a small fraction of their assets to emerging markets because of regulatory constraints, rating pressures, and currency risk. However, global insurers invest directly in emerging markets by setting up subsidiaries rather than through portfolio investment, and this trend is increasing. Local insurers largely remain captive investors of local instruments and provide stability to the domestic securities market. The regulatory regime and the liquidity and depth of local markets play an important role in asset allocation decisions of insurers. Insurance companies are increasingly adopting asset liability management and risk control measures. However, insufficiently developed local markets and regulatory interventions on the liabilities side often limit optimal asset allocation. Mode of access: Internet Singh, Manmohan. IMF Working Papers; Working Paper ; No. 2005/088 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/088/001.2005.issue-088-en.xml IMF e-Library