Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Rwanda
RWAFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114,634,000,000.00
Year-over-Year Change
484.93%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the outstanding deposits for non-life insurance at insurance corporations in Rwanda. It provides insights into the utilization of financial services and liability levels in the Rwandan insurance industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Rwanda trend reflects the total value of outstanding deposits held by insurance companies for non-life insurance policies. This metric offers a window into the liability and liquidity positions of the Rwandan insurance sector.
Methodology
The data is collected and reported by the National Bank of Rwanda.
Historical Context
Policymakers and analysts use this trend to assess the financial health and risk exposure of the Rwandan insurance industry.
Key Facts
- Rwanda is the most populous country in the East African Community.
- The insurance industry in Rwanda is regulated by the National Bank of Rwanda.
- Non-life insurance accounts for over 60% of the Rwandan insurance market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by insurance companies in Rwanda for non-life insurance policies, providing insights into the liability and liquidity levels of the Rwandan insurance sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and industry analysts to assess the financial health and risk exposure of the Rwandan insurance industry.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the financial stability and risk profile of the Rwandan insurance industry, which is important for informing regulatory and market interventions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the National Bank of Rwanda, which may result in occasional update delays or limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Rwanda (RWAFCLOFINPXDC), retrieved from FRED.