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This technical note discusses key findings of the assessment of Insurance Core Principles (ICP) for the reinsurance … industry for Switzerland. It reveals that the Swiss reinsurance market is dominated by three large players with a strong … international presence. The reinsurance industry comprises 20 professional reinsurers and 50 reinsurance captives with gross …
Persistent link: https://www.econbiz.de/10014407024
In today's financial system, complex financial institutions are connected through an opaque network of financial exposures. These connections contribute to financial deepening and greater savings allocation efficiency, but are also unstable channels of contagion. Basel III and Solvency II should...
Persistent link: https://www.econbiz.de/10009203537
This report presents a Detailed Assessment of the Observance of the Insurance Core Principles Report on Jersey. Other than the international business, most cover is obtained from insurers based overseas by the large insurance broker community on the island. There is no ombudsman and no...
Persistent link: https://www.econbiz.de/10011244882
The design of the German banking supervision framework is structurally sound, with a robust legislative and operational framework that largely complies with the Basel Core Principles for effective banking supervision (BCP). Various improvements to the German supervisory framework have been...
Persistent link: https://www.econbiz.de/10011245319
This paper presents the report on observance of standards and codes (ROSC) for the financial sector prepared in connection with the financial sector assessment program (FSAP). The FSAP covers the Basel Core Principles for effective banking, the International Association of Insurance Supervisors...
Persistent link: https://www.econbiz.de/10011245457
Stress testing (ST) was undertaken as part of the Guernsey Financial sector assessment Program (FSAP) Update in order to assess the resilience of the Guernsey financial system to a variety of potential strains. The approach taken was a simulation of the effect of a potential double-dip recession...
Persistent link: https://www.econbiz.de/10011245460
Insurance regulation in South Africa is sound and takes a thorough approach to regulation, recognizes the scale and development of the market, and the need for effective market conduct as prudential regulation. There are particular challenges in improving standards of market conduct, in both...
Persistent link: https://www.econbiz.de/10011245840
Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in place. Further enhancements will be required, in the context of the forthcoming introduction of Solvency II requirements, in such areas as the frequency of onsite inspections, the...
Persistent link: https://www.econbiz.de/10011242543
consequences of the Western economic sanctions which effectively closed access to the high quality Western reinsurance capacity for … past, the Western reinsurers provided over 80 percent of reinsurance capacity for such risks. The further consolidation of …
Persistent link: https://www.econbiz.de/10012644836
industry is exposed to significant catastrophic risk with domestic concentrations through mandatory reinsurance programs. The …
Persistent link: https://www.econbiz.de/10012644921