Spain; Financial Sector Assessment Program: Detailed Assessment of Observance of the IAIS Insurance Core Principles

This paper presents a detailed assessment of the observance of the Insurance Core Principles (ICP) of the International Association of Insurance Supervisors (IAIS) in Spain. The IMF, for their assessment, consulted the review of a self-assessment prepared by the General Directorate of Insurance and Pension Funds (DGSFP), comments from Private Insurance Organization and Supervision Law (LOSSP) and other secondary regulations on the insurance activity, and notes and presentations on several regulatory and supervisory issues. Also, discusses the recommended action plan and authoritiesâ€™ response to the assessment.

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Year of publication:	2006-06-14
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Financial Sector Assessment Program \| Insurance supervision \| supervisory authority \| insurance companies \| risk management \| internal control \| life insurers \| pension funds \| legal framework \| policyholders \| reinsurance \| insurance products \| solvency margin \| private insurance \| risk assessment \| insurance agents \| insurance law \| pension \| insurance industry \| insurance company \| internal controls \| supervisory authorities \| crop insurance \| insurance entities \| capital requirements \| insurance brokers \| risk diversification \| supervisory infrastructure \| risk profiles \| insurance markets \| insurance fraud \| beneficiaries \| automobile insurance \| solvency margins \| consumer protection \| liability insurance \| annual statements \| financial systems \| risk profile \| life insurance \| financial supervision \| solvency requirements \| insurance activities \| insurance supervisors \| accounting standards \| independent insurance agents \| insurance system \| coinsurance \| private insurance companies \| investment management \| investment risks \| insurance supervisions \| insurance entity \| agricultural insurance \| guaranteed rate \| credit risk \| risk transfer \| health insurance \| risk insurance \| insurance regulation \| accident insurance \| underwriting \| reinsurance companies \| financial reporting \| risk management policies

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 06/219 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243657