Sweden; Financial Sector Assessment Program Update-Detailed Assessment of Observance on Insurance Core Principles

The staff report highlights that the insurance sector in Sweden is well developed and mature. The captive insurance segment is mainly driven by tax advantages. This assessment provides an update on the significant regulatory and supervisory developments in the insurance sector of Sweden since 2002. The assessment is based solely on the laws, regulations, and other supervisory requirements and practices that were in place at the time of the assessment.

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Year of publication:	2011-09-16
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Financial Sector Assessment Program \| Insurance regulations \| Insurance supervision \| Reports on the Observance of Standards and Codes \| risk management \| policyholders \| internal controls \| reinsurance \| supervisory authority \| life insurers \| insurance intermediaries \| life insurance \| regulatory requirements \| insurance business \| consumer protection \| risk assessment \| internal audit \| supervisory authorities \| money laundering \| underwriting \| insurance industry \| audit function \| reporting requirements \| insurance contracts \| risk profile \| insurance products \| insurance supervisors \| beneficiaries \| terrorist financing \| financial supervision \| risk transfer \| risk management systems \| applications \| internal procedures \| supervisory approach \| international standards \| supervisory process \| risk transfer instruments \| due diligence \| exchange information \| assessment process \| insurance fraud \| accounting standards \| risk management system \| liability insurance \| regulatory measures \| captive insurance \| licensing requirements \| motor insurance \| ceding insurers \| prudential supervision \| internal rules \| credit risks \| compliance function \| licensing process \| secrecy provisions \| insurance contract \| foreign branches \| information exchange \| suspicious transactions \| share capital \| deposit insurance \| financial reporting \| insurance companies \| regulatory frameworks \| legal framework \| investment products \| pension funds \| credit insurance \| foreign authority \| good faith \| market participants \| accounting records \| annual accounts \| insurance activities \| supervisory regime \| private insurance \| insurance policies \| supervisory standards \| credit ratings \| reinsurance intermediaries \| collective investment schemes \| internal audit procedures \| assessment methodology \| supervisory system \| insurance system \| insurance of persons \| financial soundness \| suspect money laundering \| financial sector supervision \| informed decisions \| insurance markets \| bodily injury \| confidentiality requirements \| catastrophic risks \| enforcement authorities \| insurance clauses \| legal entities \| social security \| regulatory agencies \| internal programs \| market risk \| indemnity insurance \| ceded reinsurance \| terrorism financing \| market infrastructure \| life insurance companies \| risk taking \| competent authorities \| foreign authorities \| ensuring compliance \| life insurance business \| mutual evaluation \| risk profiles \| insurance risk \| beneficial owners \| sickness insurance \| combat money laundering \| cost recovery \| internal control systems \| financial systems \| insurance coverage \| adequate powers \| capital requirements \| ethical standards \| financial reinsurance

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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 11/282 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244907