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 …

The Financial Sector Assessment Program (FSAP) conducted a focused review of insurance regulation and supervision in … Belgium. This technical note (TN) provides an update on the insurance sector and highlights risks and vulnerabilities. It …

This Technical Note highlights Ireland's Insurance Regulation and Supervision. Ireland's insurance sector is … its expertise and experience to promote further EU convergence on insurance oversight. The Central Bank has been very … active in policy discussions at the European Insurance and Occupational Pensions Authority and is well placed to take a …

The South African insurance sector is large, complex, internationally active, and competitive. Supported by high … penetration and density of insurance products, the insurance sector has grown to account for 18 percent of the financial sector in … insurers, risk profiles vary significantly, which is unique relative to other major insurance markets. Most large insurance …