MIGA的外部挑战和机.pptVIP

MIGA的外部挑战和机遇 The political risk investment insurance industry has been growing rapidly at the rate of 20-40 percent a year. However, the industry growth is susceptible to volatility due to the cyclical nature of the insurance business and/or potential occurrence of major claims and losses by insurers. 这种潜在的波动对MIGA来说提出了两类挑战： 发挥反经济周期的催化能力（to play a counter-cyclical catalytic capacity ）； 确保有足够的再保险能力的可用性以促进MIGA的未来增长。 业务快速增长中潜在的波动性 政治风险保险行业一直以惊人的速度高速增长，但潜在的波动依然存在。 The global market for political risk insurance for investment currently enjoys a significantly rapid growth of 20-30 percent annually in terms of premium income (Exhibit 1). The market size is estimated to be as large as US$25-30 billion in annual gross coverage. Premium income by Berne Union members, mostly composed of public insurers including MIGA, has grown at 17 percent per year between 1992 and 1997. Exhibit 1: Growth of Premium Income 私营保险公司的增长 政治风险保险市场增长的动力之一是私营保险公司日益增长的满足投资者和贷款人保险需求的能力。当今，大约50%---60%的保险市场是由私营保险公司所提供服务的，而MIGA在开发私营保险市场方面发挥了有益的作用。正如汉城公约所规定的，MIGA相信其有必要加强与私营保险公司的合作关系，并且确保其为私营保险公司的业务活动互为补充。 与公营保险机构更广泛的合作机会 A wide range of opportunities are available for MIGA to collaborate with other public agencies. In particular, export credit agencies in Category Two countries and multilateral development banks are increasingly interested in investment insurance. Diverse Investor Needs and Unmet Needs Investor needs for political risk insurance are significantly diverse, and this is reflected in their differentiated use of private and public insurers. Some investors have sophisticated risk management needs with a demand for large capacity, while others have relatively simple needs. Sizable unmet needs for political risk insurance still exist among investors, in terms of both the degree of risk mitigation and capacity availability for certain country markets. Linkage to Capital Markets A linkage between political risk insurance and capital markets as a potential means of transferring risks has emerged