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insurance operations: (a) solvency (capital adequacy); (b) insurance reserves; (c) assets covering own funds; and (d) assets …This technical note covers the insurance sector supervised by the CBR. The analysis was carried out as part of the 2016 … during the mission. The assessment has been supported by discussions with the CBR and the insurance market participants. the …
Persistent link: https://www.econbiz.de/10012644836
This assessment of insurance regulation in Indonesia was carried out as part of the 2016-17 Financial Sector Assessment … Program (FSAP). The Indonesian insurance sector is still vulnerable to a number of material risks. A number of insurers have … relaxed for nine months while introducing the temporary suspension of mark to market valuation rules. The Indonesian insurance …
Persistent link: https://www.econbiz.de/10012644921
. Insurance sector assets have grown from 10 percent of gross domestic product (GDP) in 2006 to over 22 percent of GDP in 2016 …The Thai insurance sector is a relatively small but growing part of the country's financial services industry …, constituting 9 percent of total financial industry assets. Similarly, between 2008 and 2017, gross premiums written have grown at …
Persistent link: https://www.econbiz.de/10012646635
This note summarizes the conclusions of the review of the insurance sector in the Philippines as part of the Financial … insurance sector in the Philippines with respect to: a) the potential exposure of the sector to vulnerabilities, either …
Persistent link: https://www.econbiz.de/10012560017
The penetration level of the insurance and pension sectors in Malawi is low, but it seems adequate as compared with … inexistent and supervision is weak. An innovative pilot experience of weather micro-insurance is a good example of private … needs to take into account that possibilities to increase micro-insurance penetration may be affected by the level of …
Persistent link: https://www.econbiz.de/10012247124
for regulation and supervision of all players in the insurance market. In addition to its role as a supervisor, SSN has … powers to issue regulations, is responsible for advising the executive on issues related to insurance, and can propose draft … was performed using the 2007 version of the core principles for insurance supervision issued by the International …
Persistent link: https://www.econbiz.de/10012247696
The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront … challenges related to legacy assets and economic uncertainties in Europe. The Belgian authorities have made significant progress … in updating the insurance regulatory regime and supervisory practice. The updated regulatory framework has a high level …
Persistent link: https://www.econbiz.de/10011244392
This report discusses key findings of the Financial Sector Stability Assessment on Canada. Canada’s financial system successfully navigated the global financial crisis, and stress tests suggest that major financial institutions would continue to be resilient to credit, liquidity, and...
Persistent link: https://www.econbiz.de/10011244761
catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the banking sector. Assets held …The insurance industry in Australia has weathered the global financial crisis well and was resilient to the … by insurers represented only about 8 percent of the financial system total assets as at end-2011. Since 2007, the …
Persistent link: https://www.econbiz.de/10011245056
technical provisions and their coverage by admissible assets has led to financially sound insurers. Individual French insurance …This paper discusses key findings of the Detailed Assessment of Observance of Insurance Core Principles for France. The … assessment reveals that insurance regulation and supervision are still predominantly carried out using a Solvency I approach. The …
Persistent link: https://www.econbiz.de/10011245380