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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...
Persistent link: https://www.econbiz.de/10014398657
This report is a full assessment of Brazil’s compliance with the Insurance Core Principles (ICPs) of the … International Association of Insurance Supervisors (IAIS) as adopted in October 2011. In the last few years, the Brazilian insurance … industry experienced an explosive growth doubling the premium between 2005 and 2010. Investments by the insurance sector are …
Persistent link: https://www.econbiz.de/10011242544
€™s insurance market and the supervisory framework. The assessment was benchmarked against the Insurance Core Principles (ICPs …) issued by the International Association of Insurance Supervisors (IAISs). It is advised that the National Insurance … Commission (NAICOM) of Nigeria can expand the objective to include the creation of a fair, safe, and stable insurance sector for …
Persistent link: https://www.econbiz.de/10011244134
The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront … in updating the insurance regulatory regime and supervisory practice. The updated regulatory framework has a high level … of observance with the Insurance Core Principles (ICPs), supported by robust prudential supervision. The authorities are …
Persistent link: https://www.econbiz.de/10011244392
of Standards and Codes on Insurance Regulation. The assessment reveals that financial intermediation in Hungary has …
Persistent link: https://www.econbiz.de/10014406412
This paper examines the Insurance Regulation and Supervision for Cyprus’s Financial Sector Assessment Program. The … domestic nonlife market is dominated by motor insurance which accounted for 58 percent of net premiums. All Cypriot business is … reinsured with nondomiciled reinsurers. Health insurance is regulated as nonlife business when written as add-ons to accident …
Persistent link: https://www.econbiz.de/10014406663
This paper presents a factual update of the Insurance Core Principles including insurance sector market and regulatory … insurance industry to bring it in line with international best practices. The Insurance Supervision Law (ISL) has reoriented the … management, and market conduct of insurance intermediaries. The ISL also provides for a range of corrective and preventive …
Persistent link: https://www.econbiz.de/10014406882
This technical note discusses key findings of the assessment of Insurance Core Principles (ICP) for the reinsurance …
Persistent link: https://www.econbiz.de/10014407024
The main vulnerabilities in the financial sector can be found in the banking system and the social security fund (SSNIT). The Ghanaian financial sector is also confronted by a large number of development challenges. The factual updates of Ghana’s observance of the three international standards...
Persistent link: https://www.econbiz.de/10014407275
This technical note discusses key findings of the insurance sector stress tests for Switzerland. The results suggest … that there are market risks inside some Swiss insurance entities that may need focused attention. In particular, a moderate …
Persistent link: https://www.econbiz.de/10014407557