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 …

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 …

The insurance industry in Australia has weathered the global financial crisis well and was resilient to the … catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the banking sector. Assets held … insurance market has been consolidating steadily as the total number of players fell from 190 to 172 although branches of …

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 … insurance sector remained resilient through the recent global financial crisis. A thorough approach to assessing insurer …

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 the findings of Detailed Assessment of International Association of Insurance Supervisors (IAIS …) insurance core principles on Italy. Regulation and supervision of the insurance industry in Italy is the responsibility of the … newly established Institution for the Supervision of Insurance (IVASS). IVASS has reached international best practice in …

€™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 …

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 … Russian insurance industry ranked 27th in the world. Non-life insurance premium accounted for 89 percent of GPW while life …

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 …

The Thai insurance sector is a relatively small but growing part of the country's financial services industry …. Insurance sector assets have grown from 10 percent of gross domestic product (GDP) in 2006 to over 22 percent of GDP in 2016 … same period. As a result, the insurance penetration ratio (the ratio of premiums written to GDP) has gradually increased …