€™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 …

, or correctly defined, shadow prices. We show how shadow prices may be integrated into an analysis of tax and price reform …

date and also discusses Fund advice for managing the price increases. Policies should (i) ensure that food and finance …

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 Working Paper is a detailed assessment of Japan’s compliance with the Insurance Core Principles of the … International Association of Insurance Supervisors. The paper identifies a reduction in interest rates and equity prices as two … factors that influence the structure and functioning of the insurance market and emphasizes the important role played by the …

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 …

With about RUB 988bn (USD 26bn) in gross premium written, in 2014, the Russian insurance industry ranked 27th in the … world. Non-life insurance premium accounted for 89 percent of GPW while life insurance for only 11 percent. In 2015, the …. In the case of Russia, the main objective of insurance supervision is to ensure that insurers fully comply with core …

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 …