Friday, October 31, 2008

Convergence of Insurance and Capital Markets

(World Economic Forum) We are pleased to present this report on the convergence of insurance and capital markets. It stems directly from an initiative of the Financial Services Governors launched at the World Economic Forum Annual Meeting 2007, when the assembled Governors agreed to carry the dialogue and work beyond Davos in line with the Forum’s mission of being Committed to Improving the State of the World. Subsequently, working groups comprised of industry representatives, academics, experts and Forum staff took up work on several projects that Governors felt were of broad interest, not only to the financial services industry but also the public. This project, examining the convergence between capital markets and the insurance sector, focused in particular on the role new financial instruments could play to better address and syndicate particular types of risk.

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