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 …

This paper discusses a Detailed Assessment of the Observance of the Insurance Core Principles for Italy. The assessment … reveals that insurance supervision in Italy occurs within a legal framework that incorporates the relevant European Union …

This report is an analysis of the insurance core principles of Malaysia. This assessment gives a clear understanding of … the regulatory and supervisory framework of the insurance sector of Malaysia. Bank Negara Malaysia (BNM) is the best … insurance regulator in this region. Six percent of the financial sector accounts for the insurance sector. The assessment did …

Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in …

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 …

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 …

This paper discusses key findings of the Detailed Assessment of the Observance of the Insurance Core Principles for …