Private Mortgage Insurance (PMI)

A second area is the importance of building supply side capacity. Given the capital intensive nature of the insurance sector this is a not a simple task, but nonetheless one which is achievable, primarily by building on existing insurance strengths. This could involve raising public awareness, training of insurance professionals, identifying sectors of strength or niche areas where strength can be developed. In this regard, Developing countries can avail of inherent advantages such as existing distribution networks, local knowledge, identifying niche areas of operation including in the context of Mode 4, insurance intermediation, software and outsourcing services among others. Further...