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Commission (NAICOM) of Nigeria can expand the objective to include the creation of a fair, safe, and stable insurance sector for …Nigeria undertook a Financial Sector Assessment Program (FSAP), which included a review of the structure of Nigeriaâ …€™s insurance market and the supervisory framework. The assessment was benchmarked against the Insurance Core Principles (ICPs …
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
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
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 …
Persistent link: https://www.econbiz.de/10011245056
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 …
Persistent link: https://www.econbiz.de/10011245380
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
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 …
Persistent link: https://www.econbiz.de/10011243249
This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual-specific determinants, such as human capital...
Persistent link: https://www.econbiz.de/10005826626
This paper assesses whether the scaling up of aid and the resulting increase in government spending that is needed to meet the Millennium Development Goals (MDGs) would be hampered by wage bill ceilings that are often part of government programs supported by the IMF's Poverty Reduction and...
Persistent link: https://www.econbiz.de/10005604920
regulatory authorities—the Bank of Spain, National Securities Market Commission, and the Directorate General of Insurance and …
Persistent link: https://www.econbiz.de/10011244251